Q4 EPS Estimates for Cleveland-Cliffs Cut by Zacks Research

Cleveland-Cliffs Inc. (NYSE:CLF) – Investment analysts at Zacks Research dropped their Q4 2026 earnings per share (EPS) estimates for shares of Cleveland-Cliffs in a report issued on Wednesday, June 11th. Zacks Research analyst A. Barman now expects that the mining company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.01. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q1 2027 earnings at $0.02 EPS.

Cleveland-Cliffs (NYSE:CLF) last released its quarterly earnings results on Wednesday, May 7th. The mining company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.14). The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.71 billion. Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. Cleveland-Cliffs’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share.

Several other research firms have also recently weighed in on CLF. The Goldman Sachs Group lowered their price target on Cleveland-Cliffs from $13.00 to $11.25 and set a “buy” rating on the stock in a report on Monday, May 12th. B. Riley restated a “buy” rating and issued a $17.00 price objective (down from $20.00) on shares of Cleveland-Cliffs in a research note on Wednesday, April 23rd. Finally, Glj Research lowered Cleveland-Cliffs from a “strong-buy” rating to a “strong sell” rating and set a $3.91 price objective for the company. in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.03.

Cleveland-Cliffs Price Performance

NYSE CLF opened at $7.16 on Friday. The business’s fifty day moving average price is $7.42 and its 200-day moving average price is $9.22. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -7.38 and a beta of 1.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.85 and a quick ratio of 0.55. Cleveland-Cliffs has a 1-year low of $5.63 and a 1-year high of $16.47.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pinpoint Asset Management Ltd purchased a new position in shares of Cleveland-Cliffs during the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cleveland-Cliffs during the first quarter valued at about $36,000. Estabrook Capital Management grew its position in shares of Cleveland-Cliffs by 207.7% during the fourth quarter. Estabrook Capital Management now owns 4,000 shares of the mining company’s stock valued at $38,000 after purchasing an additional 2,700 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Cleveland-Cliffs during the fourth quarter valued at about $44,000. Finally, AllSquare Wealth Management LLC grew its position in shares of Cleveland-Cliffs by 24.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company’s stock valued at $48,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Insiders Place Their Bets

In other Cleveland-Cliffs news, EVP James D. Graham sold 120,000 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $6.85, for a total value of $822,000.00. Following the completion of the sale, the executive vice president now owns 492,249 shares in the company, valued at approximately $3,371,905.65. This represents a 19.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.71% of the stock is currently owned by company insiders.

About Cleveland-Cliffs

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.