Weaker average selling prices and the underperformance of non-core assets weigh on CLF's performance in the first quarter.
Cleveland-Cliffs (CLF) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $0.78. This compares to earnings of $0.18 per share a year ago.
Chief Executive Lourenco Goncalves said the steelmaker will make a higher volume commitment with its automotive customers.
CLF is expected to have benefited from lower costs and higher volumes amid pricing headwinds in Q1.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Cleveland-Cliffs (CLF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
Cleveland-Cliffs (CLF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Recently, Zacks.com users have been paying close attention to Cleveland-Cliffs (CLF). This makes it worthwhile to examine what the stock has in store.
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $7.91, denoting no change from the preceding trading day.
Cleveland-Cliffs (CLF) closed the most recent trading day at $7.30, moving +1.67% from the previous trading session.
In the latest trading session, Cleveland-Cliffs (CLF) closed at $7.34, marking a +0.82% move from the previous day.
Everyone is in shock at the sharpest drop in the S&P 500 index recently, bringing back prices not seen since September 2024. The recent volatility breakouts are a function of President Trump's recent trade tariffs, which took effect at the start of April 2025 on most of the biggest trade partners with the United States economy.
Cleveland-Cliffs (CLF) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.