Cleveland-Cliffs Looks Set For A Strong Q4 2023 And FY 2024 [Seeking Alpha]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
Company Research
Source: Seeking Alpha
Steel pricing is expected to improve as service centers are running on low steel inventory. Management remains focused on lowering operating costs, reducing debt, and buying back stock. Cleveland-Cliffs ( NYSE: CLF ) experienced a flat Q3'23 on a TTM basis with revenue slightly down at $21,928mm. Overall, operations were expansive with EBITDA margin expanding slightly to 8%. Management remains prudent in maximizing shareholder returns by decreasing the firm's debt levels and returning cash to shareholders through buybacks. As management anticipates a slight slowdown in direct sales to automotive and increased volumes to service centers at a higher price, I anticipate FY23 revenue to clear $22b with EBITDA at $1,944mm for an improved 11% margin and free cash flow to reach $2,400mm for an FCF yield of 21%. With this, I provide CLF a BUY recommendation with a price target of $28/share. U.S. Steel ( X ) Merger Updates There has been some very mixed reception since Cleveland Cliff
Show less
Read more
Impact Snapshot
Event Time:
CLF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CLF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CLF alerts
High impacting Cleveland-Cliffs Inc. news events
Weekly update
A roundup of the hottest topics
CLF
News
- Are Cleveland-Cliffs' (CLF) Auto Efficiency Gains Quietly Reshaping Its Core Steel Investment Story? [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs: Cautious Optimism With High Risk (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs Stock Sees RS Rating Firms Up [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs (CLF): Evaluating Valuation After Recent 18% Pullback in Share Price [Yahoo! Finance]Yahoo! Finance
- Why Is Cleveland-Cliffs (CLF) Down 16.4% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 10/20/25 - Beat
CLF
Sec Filings
- 11/14/25 - Form 4
- 11/14/25 - Form 3
- 11/12/25 - Form 8-K
- CLF's page on the SEC website