The headline numbers for Cleveland-Cliffs (CLF) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cleveland-Cliffs NYSE: CLF said it returned to positive free cash flow in the second quarter of 2026 and expects a substantially stronger second half of the year, driven by higher steel prices, improved automotive demand, lower costs and higher shipment volumes.
Cleveland-Cliffs Inc. stock is up sharply after the company provided strong guidance for the upcoming quarter. Short-term momentum will likely be sustained, and the valuation gap with more profitable competitors should narrow down. Market participants, however, will likely continue to attach a higher risk premium on CLF stock given the company's history of underperformance.
Cleveland-Cliffs reported higher first-quarter revenue as steel demand continued to improve despite continuing global tensions.
Cleveland-Cliffs (CLF) came out with a quarterly loss of $0.2 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to a loss of $0.5 per share a year ago.
Beyond analysts' top-and-bottom-line estimates for Cleveland-Cliffs (CLF), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2026.
The latest trading day saw Cleveland-Cliffs (CLF) settling at $9.28, representing a -2.62% change from its previous close.
In the latest trading session, Cleveland-Cliffs (CLF) closed at $9.53, marking a -3.25% move from the previous day.
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.
Cleveland-Cliffs (CLF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Cleveland-Cliffs (CLF) reached $9.4 at the closing of the latest trading day, reflecting a -1.16% change compared to its last close.
Cleveland-Cliffs (CLF) closed at $9.54 in the latest trading session, marking a -2.35% move from the prior day.