Research Analysts Set Expectations for CLF Q1 Earnings

Key Points

• Research analysts estimate Cleveland-Cliffs' Q1 2026 EPS at $0.13, with full-year earnings estimated at ($0.79) per share.
• KeyCorp and Citigroup have both raised their price targets for the stock, with Citigroup increasing its target from $7.50 to $11.00.
• Cleveland-Cliffs recently reported a quarterly revenue of $4.73 billion, surpassing estimates of $4.90 billion, despite reporting an EPS of (0.45).

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Stock analysts at Seaport Res Ptn issued their Q1 2026 EPS estimates for shares of Cleveland-Cliffs in a research note issued to investors on Monday, October 20th. Seaport Res Ptn analyst M. Englert anticipates that the mining company will earn $0.13 per share for the quarter. The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.79) per share. Seaport Res Ptn also issued estimates for Cleveland-Cliffs' Q2 2026 earnings at $0.09 EPS, Q3 2026 earnings at $0.08 EPS and Q4 2026 earnings at ($0.03) EPS.

A number of other equities research analysts have also commented on the stock. KeyCorp raised shares of Cleveland-Cliffs from a "sector weight" rating to an "overweight" rating and set a $14.00 price objective on the stock in a research note on Tuesday, July 22nd. Citigroup upped their price objective on shares of Cleveland-Cliffs from $7.50 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Morgan Stanley upped their price objective on shares of Cleveland-Cliffs from $8.00 to $10.50 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group increased their target price on shares of Cleveland-Cliffs from $12.85 to $14.50 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Finally, Bank of America increased their target price on shares of Cleveland-Cliffs from $12.50 to $14.50 and gave the stock a "neutral" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.36.

Cleveland-Cliffs Trading Down 17.4%

NYSE:CLF opened at $13.36 on Wednesday. The firm's fifty day moving average is $11.85 and its 200-day moving average is $9.45. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.61 and a current ratio of 2.04. Cleveland-Cliffs has a 52 week low of $5.63 and a 52 week high of $16.70. The firm has a market cap of $6.61 billion, a P/E ratio of -3.93 and a beta of 1.96.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last posted its quarterly earnings data on Monday, October 20th. The mining company reported ($0.45) EPS for the quarter, beating analysts' consensus estimates of ($0.48) by $0.03. Cleveland-Cliffs had a negative net margin of 9.00% and a negative return on equity of 20.02%. The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the firm posted ($0.33) EPS. The company's quarterly revenue was up 3.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CLF. Maple Rock Capital Partners Inc. acquired a new position in Cleveland-Cliffs during the second quarter worth $63,731,000. Norges Bank acquired a new position in Cleveland-Cliffs during the second quarter worth $44,120,000. Turiya Advisors Asia Ltd acquired a new position in Cleveland-Cliffs during the second quarter worth $39,357,000. State Street Corp raised its holdings in Cleveland-Cliffs by 20.2% during the second quarter. State Street Corp now owns 27,450,442 shares of the mining company's stock worth $208,623,000 after buying an additional 4,603,807 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Cleveland-Cliffs by 200.4% during the second quarter. BNP Paribas Financial Markets now owns 6,329,414 shares of the mining company's stock worth $48,104,000 after buying an additional 4,222,528 shares during the last quarter. Institutional investors and hedge funds own 67.68% of the company's stock.

Cleveland-Cliffs Company Profile

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.

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