Cleveland-Cliffs stock rose 0.82% but lagged behind the market, upcoming earnings show significant drop.

From Nasdaq: 2025-04-11 18:00:00

In the latest market close, Cleveland-Cliffs (CLF) reached $7.34, with a +0.82% movement compared to the previous day. The stock lagged behind the S&P 500’s daily gain of 1.81%. The mining company’s shares have seen a decrease of 25.18% over the last month, not keeping up with the Basic Materials sector’s loss of 7.52% and the S&P 500’s loss of 6.14%.

The upcoming earnings release of Cleveland-Cliffs will be of great interest to investors. The company’s earnings report is expected on May 7, 2025. The company’s upcoming EPS is projected at -$0.62, signifying a 444.44% drop compared to the same quarter of the previous year. CLF’s full-year Zacks Consensus Estimates are calling for earnings of -$0.72 per share and revenue of $20.16 billion. Cleveland-Cliffs is holding a Zacks Rank of #3 (Hold) right now.

The Mining – Miscellaneous industry, to which Cleveland-Cliffs belongs, is currently in the bottom 40% of industries with a Zacks Industry Rank of 150. The Zacks Industry Rank assesses the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1. Investors can rely on Zacks.com for stock-impacting metrics and more in the succeeding trading sessions.

A new top chip stock, 1/9,000th the size of NVIDIA, has been identified by Zacks Investment Research. With strong earnings growth and an expanding customer base, this stock is positioned to meet the growing demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to grow significantly in the coming years.



Read more at Nasdaq: Cleveland-Cliffs (CLF) Rises Yet Lags Behind Market: Some Facts Worth Knowing