Cleveland-Cliffs (CLF) Down 12.9% Since Last Earnings Report: Can It Rebound?

Zacks03-26

A month has gone by since the last earnings report for Cleveland-Cliffs (CLF). Shares have lost about 12.9% in that time frame, underperforming the S&P 500.

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 its most recent earnings report in order to get a better handle on the important drivers.

How Have Estimates Been Moving Since Then?

It turns out, fresh estimates have trended downward during the past month.

The consensus estimate has shifted -57.37% due to these changes.

VGM Scores

Currently, Cleveland-Cliffs has a poor Growth Score of F, a grade with the same score on the momentum front. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Cleveland-Cliffs has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry Player

Cleveland-Cliffs belongs to the Zacks Mining - Miscellaneous industry. Another stock from the same industry, Rio Tinto (RIO), has gained 1.1% over the past month. More than a month has passed since the company reported results for the quarter ended December 2024.

Rio Tinto reported revenues of $9.54 billion in the last reported quarter, representing a year-over-year change of

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Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report

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This article originally published on Zacks Investment Research (zacks.com).

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