Zacks Research Forecasts Lower Earnings for Cleveland-Cliffs

Cleveland-Cliffs Inc. (NYSE:CLF) – Stock analysts at Zacks Research lowered their Q4 2025 EPS estimates for shares of Cleveland-Cliffs in a report issued on Thursday, October 30th. Zacks Research analyst Team now expects that the mining company will post earnings of ($0.47) per share for the quarter, down from their prior estimate of ($0.34). The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q1 2026 earnings at ($0.16) EPS, Q2 2026 earnings at ($0.01) EPS, Q3 2026 earnings at ($0.10) EPS, Q4 2026 earnings at ($0.35) EPS, FY2026 earnings at ($0.62) EPS, Q1 2027 earnings at $0.08 EPS, Q2 2027 earnings at $0.12 EPS, Q3 2027 earnings at $0.10 EPS and FY2027 earnings at $0.38 EPS.

Cleveland-Cliffs (NYSE:CLF) last issued its earnings results on Monday, October 20th. The mining company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.03. The company had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Cleveland-Cliffs had a negative return on equity of 20.02% and a negative net margin of 9.00%.Cleveland-Cliffs’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.33) EPS.

A number of other research firms have also recently issued reports on CLF. The Goldman Sachs Group boosted their price objective on shares of Cleveland-Cliffs from $14.50 to $16.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley upped their price target on Cleveland-Cliffs from $8.00 to $10.50 and gave the company an “equal weight” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reiterated an “underweight” rating and issued a $11.00 price objective on shares of Cleveland-Cliffs in a report on Tuesday, October 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cleveland-Cliffs in a research note on Thursday. Finally, UBS Group set a $15.00 target price on Cleveland-Cliffs in a report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.88.

Cleveland-Cliffs Stock Up 1.5%

Shares of NYSE CLF opened at $12.45 on Monday. The company has a market cap of $6.16 billion, a price-to-earnings ratio of -3.66 and a beta of 1.96. The company has a quick ratio of 0.61, a current ratio of 2.04 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average is $12.30 and its 200 day moving average is $9.82. Cleveland-Cliffs has a 52 week low of $5.63 and a 52 week high of $16.70.

Institutional Investors Weigh In On Cleveland-Cliffs

Several hedge funds have recently made changes to their positions in the company. Atwood & Palmer Inc. bought a new position in Cleveland-Cliffs in the second quarter worth $27,000. Trust Co. of Toledo NA OH bought a new position in shares of Cleveland-Cliffs in the 2nd quarter worth about $27,000. Winch Advisory Services LLC lifted its position in Cleveland-Cliffs by 131.3% during the 2nd quarter. Winch Advisory Services LLC now owns 4,070 shares of the mining company’s stock valued at $31,000 after acquiring an additional 2,310 shares during the period. Deseret Mutual Benefit Administrators lifted its position in Cleveland-Cliffs by 72.6% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,768 shares of the mining company’s stock valued at $34,000 after acquiring an additional 1,164 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cleveland-Cliffs during the first quarter worth about $36,000. 67.68% of the stock is currently owned by institutional investors.

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.