Cleveland-Cliffs (CLF) Down 5.6% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is Cleveland-Cliffs due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Cleveland-Cliffs' Earnings & Revenues Lag Estimates in Q1 Cleveland-Cliffs reported a net loss of $53 million or 14 cents per share in the first quarter of 2024, compared with a loss of $42 million or 11 cents a year ago. Adjusted earnings were 18 cents per share against a loss of 11 cents in the same quarter of the previous year. The figure fell short of the Zacks Consensus Estimate of 19 cents. Revenues dropped around 1.8% from the year-ago quarter's levels to $5,199 million. The top line missed the Zacks Consensus Estimate of $5,293.6 million. Operational Highlights The company reported Steelmaking revenues of $5,027 million in the first quarter, down around 2%
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CLF
News
- Cleveland-Cliffs (CLF) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) was upgraded by analysts at Seaport Res Ptn to a "hold" rating.MarketBeat
- JPMorgan downgrades Cleveland-Cliffs, lowers price target [Yahoo! Finance Canada]Yahoo! Finance Canada
- JPMorgan downgrades Cleveland-Cliffs, lowers price target [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $17.00 price target on the stock, down previously from $23.00.MarketBeat
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- 6/13/24 - Form 4
- CLF's page on the SEC website