Q2 EPS Estimate for Cleveland-Cliffs Decreased by Analyst

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Research analysts at Zacks Research cut their Q2 2025 earnings per share estimates for Cleveland-Cliffs in a research note issued on Wednesday, May 21st. Zacks Research analyst A. Barman now anticipates that the mining company will post earnings per share of ($0.53) for the quarter, down from their previous estimate of ($0.18). The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.79) per share. Zacks Research also issued estimates for Cleveland-Cliffs' Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.02) EPS, FY2025 earnings at ($1.57) EPS, Q1 2026 earnings at $0.05 EPS, Q2 2026 earnings at $0.03 EPS and FY2026 earnings at $0.15 EPS.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The mining company reported ($0.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.78) by ($0.14). The company had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.71 billion. Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. Cleveland-Cliffs's revenue was down 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS.

CLF has been the topic of a number of other reports. The Goldman Sachs Group decreased their price target on shares of Cleveland-Cliffs from $13.00 to $11.25 and set a "buy" rating on the stock in a research note on Monday, May 12th. Glj Research reaffirmed a "sell" rating and issued a $3.91 price target on shares of Cleveland-Cliffs in a research note on Wednesday. Morgan Stanley reduced their price objective on Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Finally, B. Riley reaffirmed a "buy" rating and set a $17.00 target price (down previously from $20.00) on shares of Cleveland-Cliffs in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $12.74.

Cleveland-Cliffs Price Performance

Shares of NYSE CLF traded down $0.20 during trading on Friday, hitting $6.19. The company had a trading volume of 19,859,377 shares, compared to its average volume of 15,741,799. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -6.38 and a beta of 2.03. The stock has a fifty day simple moving average of $7.75 and a two-hundred day simple moving average of $9.63. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. Cleveland-Cliffs has a fifty-two week low of $6.04 and a fifty-two week high of $17.41.

Insiders Place Their Bets

In other news, EVP Keith Koci purchased 9,500 shares of the company's stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $10.81 per share, with a total value of $102,695.00. Following the purchase, the executive vice president now directly owns 543,475 shares in the company, valued at approximately $5,874,964.75. This represents a 1.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James D. Graham sold 120,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $6.85, for a total value of $822,000.00. Following the completion of the transaction, the executive vice president now owns 492,249 shares of the company's stock, valued at $3,371,905.65. The trade was a 19.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 23,500 shares of company stock valued at $243,095. Insiders own 1.76% of the company's stock.

Institutional Trading of Cleveland-Cliffs

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Summit Investment Advisors Inc. boosted its stake in Cleveland-Cliffs by 1.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 96,956 shares of the mining company's stock worth $911,000 after buying an additional 932 shares during the period. AllSquare Wealth Management LLC boosted its position in shares of Cleveland-Cliffs by 24.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company's stock worth $48,000 after purchasing an additional 1,000 shares during the period. MRP Capital Investments LLC increased its holdings in Cleveland-Cliffs by 10.0% in the 4th quarter. MRP Capital Investments LLC now owns 11,000 shares of the mining company's stock valued at $103,000 after purchasing an additional 1,000 shares during the last quarter. Jones Financial Companies Lllp raised its position in Cleveland-Cliffs by 21.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,723 shares of the mining company's stock valued at $63,000 after purchasing an additional 1,182 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in Cleveland-Cliffs by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 135,600 shares of the mining company's stock worth $1,115,000 after purchasing an additional 1,200 shares in the last quarter. 67.68% of the stock is owned by institutional investors and hedge funds.

About Cleveland-Cliffs

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.