Cleveland-Cliffs (CLF) Stock Sinks As Market Gains: What You Should Know

The most recent trading session ended with Cleveland-Cliffs (CLF) standing at $9.37, reflecting a -0.11% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw an increase of 0.98%.Heading into today, shares of the mining company had lost 24.72% over the past month, lagging the Basic Materials sector's loss of 8.2% and the S&P 500's gain of 0.34% in that time.Market participants will be closely following the financial results of Cleveland-Cliffs in its upcoming release. The company is predicted to post an EPS of -$0.46, indicating an 820% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.45 billion, down 12.99% from the year-ago period.For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.48 per share and a revenue of $19.55 billion, signifying shifts of -144.86% and -11.1%, respectively, from the last year.Investors should also pay attention to any latest changes in analyst estimates for Cleveland-Cliffs. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 22.36% downward. Currently, Cleveland-Cliffs is carrying a Zacks Rank of #5 (Strong Sell).The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 161, finds itself in the bottom 36% echelons of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cleveland-Cliffs Inc. (CLF): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks