Zacks Research Issues Pessimistic Estimate for CLF Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) – Equities research analysts at Zacks Research cut their Q2 2025 EPS estimates for Cleveland-Cliffs in a note issued to investors on Wednesday, June 11th. Zacks Research analyst A. Barman now anticipates that the mining company will post earnings per share of ($0.56) for the quarter, down from their previous estimate of ($0.53). The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q3 2025 earnings at ($0.18) EPS, Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($1.83) EPS, Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.04) EPS, FY2026 earnings at ($0.09) EPS and FY2027 earnings at $0.51 EPS.

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

Cleveland-Cliffs Stock Performance

Shares of NYSE CLF opened at $7.16 on Monday. The business’s 50-day moving average price is $7.42 and its two-hundred day moving average price is $9.18. 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 one year low of $5.63 and a one year high of $16.47. The company has a market capitalization of $3.54 billion, a P/E ratio of -7.38 and a beta of 1.85.

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

Hedge Funds Weigh In On Cleveland-Cliffs

A number of institutional investors have recently modified their holdings of CLF. Pinpoint Asset Management Ltd bought a new position in Cleveland-Cliffs during the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cleveland-Cliffs during the first quarter worth $36,000. Estabrook Capital Management increased its position in Cleveland-Cliffs by 207.7% during the fourth quarter. Estabrook Capital Management now owns 4,000 shares of the mining company’s stock worth $38,000 after acquiring an additional 2,700 shares during the period. AllSquare Wealth Management LLC increased its position in Cleveland-Cliffs by 24.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company’s stock worth $48,000 after acquiring an additional 1,000 shares during the period. Finally, Fifth Third Bancorp increased its position in Cleveland-Cliffs by 36.6% during the first quarter. Fifth Third Bancorp now owns 6,216 shares of the mining company’s stock worth $51,000 after acquiring an additional 1,664 shares during the period. Institutional investors own 67.68% of the company’s stock.

Insider Buying and Selling at Cleveland-Cliffs

In other news, EVP James D. Graham sold 120,000 shares of Cleveland-Cliffs stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $6.85, for a total value of $822,000.00. Following the transaction, the executive vice president now owns 492,249 shares of the company’s stock, valued at $3,371,905.65. This trade represents a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

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.