Cleveland-Cliffs (CLF) Projected to Release Earnings on Monday

Key Points

• Cleveland-Cliffs is expected to report Q3 2026 earnings before the market opens on October 19. Analysts project earnings of $0.2213 per share on $5.71 billion in revenue.
• In the prior quarter, the company reported a $0.20 loss per share, narrowly beating estimates, while revenue rose 5.9% year over year to $5.23 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $12.35 price target; recent ratings range from Wells Fargo’s upgrade to “Overweight” to Bank of America’s neutral stance.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) is projected to issue its Q3 2026 results before the market opens on Monday, October 19th. Analysts expect Cleveland-Cliffs to announce earnings of $0.2213 per share and revenue of $5.71 billion for the quarter. Parties are encouraged to explore the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Monday, October 19, 2026 at 8:30 AM ET.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last issued its earnings results on Thursday, July 23rd. The mining company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.01. Cleveland-Cliffs had a negative net margin of 4.56% and a negative return on equity of 13.37%. The firm had revenue of $5.23 billion for the quarter, compared to analysts' expectations of $5.15 billion. During the same quarter last year, the company earned ($0.50) earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. On average, analysts expect Cleveland-Cliffs to post ($0.04) EPS for the current fiscal year and $0.87 EPS for the next fiscal year.

Cleveland-Cliffs Stock Down 0.1%

Shares of Cleveland-Cliffs stock opened at $12.97 on Monday. Cleveland-Cliffs has a 52-week low of $7.73 and a 52-week high of $16.70. The company has a 50 day moving average of $11.98 and a 200 day moving average of $11.10. The company has a quick ratio of 0.63, a current ratio of 1.89 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $7.40 billion, a P/E ratio of -8.01 and a beta of 2.09.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CLF. Glj Research increased their price objective on shares of Cleveland-Cliffs from $15.60 to $17.48 and gave the company a "buy" rating in a research report on Monday, September 21st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cleveland-Cliffs in a research report on Tuesday, July 21st. Morgan Stanley reaffirmed an "equal weight" rating and set a $12.50 price objective (up from $12.00) on shares of Cleveland-Cliffs in a research report on Monday, June 22nd. Wells Fargo & Company upgraded shares of Cleveland-Cliffs from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $12.00 to $14.00 in a research note on Tuesday, October 6th. Finally, Bank of America dropped their target price on Cleveland-Cliffs from $14.00 to $11.50 and set a "neutral" rating on the stock in a report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.35.

About Cleveland-Cliffs

Cleveland-Cliffs Inc is an integrated steel producer headquartered in Cleveland, Ohio. The company operates across the steelmaking value chain, including the mining and processing of iron ore, production of iron ore pellets, and manufacturing of finished steel products.

Cleveland-Cliffs primarily produces flat-rolled carbon steel, including hot-rolled, cold-rolled and galvanized products, as well as coated and specialty steel. Its products are used in automotive manufacturing, construction, infrastructure, appliances, machinery and other industrial applications.

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