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Cleveland Cliffs Earnings Estimate

CLF Stock  USD 22.13  0.56  2.60%   
The next projected EPS of Cleveland Cliffs is estimated to be 0.24 with future projections ranging from a low of 0.14 to a high of 0.41. Cleveland Cliffs' most recent 12-month trailing earnings per share (EPS TTM) is at 0.78. Please be aware that the consensus of earnings estimates for Cleveland Cliffs is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Cleveland Cliffs is projected to generate 0.24 in earnings per share on the 31st of March 2024. Cleveland Cliffs earnings estimates module stress-tests analyst consensus about projected Cleveland Cliffs EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as Cleveland Cliffs, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Cleveland Cliffs' earnings estimates, investors can diagnose different trends across Cleveland Cliffs' analyst sentiment over time as well as compare current estimates against different timeframes. The Cleveland Cliffs' current Gross Profit is estimated to increase to about 1.5 B, while Pretax Profit Margin is projected to decrease to 0.03.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.

Cleveland Cliffs Earnings Estimation Breakdown

The calculation of Cleveland Cliffs' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Cleveland Cliffs is estimated to be 0.24 with the future projection ranging from a low of 0.14 to a high of 0.41. Please be aware that this consensus of annual earnings estimates for Cleveland Cliffs is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
-0.05
0.14
Lowest
Expected EPS
0.24
0.41
Highest

Cleveland Cliffs Earnings Projection Consensus

Suppose the current estimates of Cleveland Cliffs' value are higher than the current market price of the Cleveland Cliffs stock. In this case, investors may conclude that Cleveland Cliffs is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Cleveland Cliffs' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2024Current EPS (TTM)
964.81%
-0.05
0.24
0.78

Cleveland Cliffs Earnings per Share Projection vs Actual

Actual Earning per Share of Cleveland Cliffs refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Cleveland Cliffs predict the company's earnings will be in the future. The higher the earnings per share of Cleveland Cliffs, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Cleveland Cliffs Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Cleveland Cliffs, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Cleveland Cliffs should always be considered in relation to other companies to make a more educated investment decision.

Cleveland Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Cleveland Cliffs' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-01-30
2023-12-31-0.06-0.050.0116 
2023-10-23
2023-09-300.430.520.0920 
2023-07-24
2023-06-300.690.67-0.02
2023-04-24
2023-03-31-0.19-0.110.0842 
2023-02-13
2022-12-31-0.3-0.41-0.1136 
2022-10-25
2022-09-300.550.29-0.2647 
2022-07-22
2022-06-301.321.13-0.1914 
2022-04-22
2022-03-311.411.50.09
2022-02-11
2021-12-312.121.69-0.4320 
2021-10-22
2021-09-302.262.330.07
2021-07-22
2021-06-301.521.32-0.213 
2021-04-22
2021-03-310.330.19-0.1442 
2021-02-25
2020-12-310.220.04-0.1881 
2020-10-23
2020-09-30-0.09-0.030.0666 
2020-07-30
2020-06-30-0.5-0.280.2244 
2020-05-11
2020-03-31-0.16-0.19-0.0318 
2020-02-20
2019-12-310.240.250.01
2019-10-23
2019-09-300.240.330.0937 
2019-07-19
2019-06-300.520.570.05
2019-04-25
2019-03-31-0.14-0.070.0750 
2019-02-08
2018-12-310.61.981.38230 
2018-10-19
2018-09-300.660.64-0.02
2018-07-20
2018-06-300.520.550.03
2018-04-20
2018-03-31-0.22-0.210.01
2018-01-25
2017-12-310.170.230.0635 
2017-10-20
2017-09-300.320.18-0.1443 
2017-07-27
2017-06-300.170.11-0.0635 
2017-04-27
2017-03-310.17-0.11-0.28164 
2017-02-09
2016-12-310.230.340.1147 
2016-10-27
2016-09-300.17-0.12-0.29170 
2016-07-28
2016-06-300.020.070.05250 
2016-04-28
2016-03-31-0.1-0.33-0.23230 
2016-01-27
2015-12-31-0.26-0.140.1246 
2015-10-29
2015-09-30-0.23-0.35-0.1252 
2015-07-29
2015-06-30-0.11-0.21-0.190 
2015-04-28
2015-03-31-0.190.020.21110 
2015-02-02
2014-12-310.141.00.86614 
2014-10-27
2014-09-30-0.04-0.23-0.19475 
2014-07-23
2014-06-30-0.08-0.010.0787 
2014-04-24
2014-03-31-0.24-0.54-0.3125 
2014-02-13
2013-12-310.780.2-0.5874 
2013-10-24
2013-09-300.710.66-0.05
2013-07-25
2013-06-300.591.140.5593 
2013-04-24
2013-03-310.340.60.2676 
2013-02-12
2012-12-310.530.41-0.1222 
2012-10-24
2012-09-301.050.61-0.4441 
2012-07-25
2012-06-301.771.63-0.14
2012-04-25
2012-03-311.10.85-0.2522 
2012-02-15
2011-12-311.521.42-0.1
2011-10-27
2011-09-303.684.070.3910 
2011-07-27
2011-06-303.712.92-0.7921 
2011-04-28
2011-03-312.223.110.8940 
2011-02-16
2010-12-312.162.820.6630 
2010-10-28
2010-09-302.582.18-0.415 
2010-07-28
2010-06-302.061.92-0.14
2010-04-28
2010-03-310.520.550.03
2010-02-17
2009-12-310.390.750.3692 
2009-10-29
2009-09-30-0.030.450.481600 
2009-07-29
2009-06-30-0.33-0.080.2575 
2009-04-29
2009-03-31-0.14-0.070.0750 
2009-02-25
2008-12-311.231.710.4839 
2008-10-29
2008-09-302.272.13-0.14
2008-07-30
2008-06-301.992.570.5829 
2008-05-05
2008-03-310.50.16-0.3468 
2008-02-21
2007-12-310.830.890.06
2007-11-01
2007-09-300.760.54-0.2228 
2007-07-26
2007-06-300.840.83-0.01
2007-06-08
2007-03-310.420.31-0.1126 
2007-02-21
2006-12-310.760.80.04
2006-10-25
2006-09-300.860.84-0.02
2006-07-26
2006-06-300.670.770.114 
2006-04-26
2006-03-310.260.340.0830 
2006-02-15
2005-12-310.690.70.01
2005-10-26
2005-09-300.70.770.0710 
2005-07-27
2005-06-300.780.90.1215 
2005-04-27
2005-03-310.260.21-0.0519 
2005-02-16
2004-12-310.330.26-0.0721 
2004-10-27
2004-09-300.380.34-0.0410 
2004-07-28
2004-06-300.240.30.0625 
2004-04-28
2004-03-310.06-0.0201-0.0801133 
2004-02-04
2003-12-31-0.17-0.130.0423 
2003-07-30
2003-06-30-0.11-0.26-0.15136 
2003-04-23
2003-03-31-0.040.030.07175 
2003-01-29
2002-12-310.050.060.0120 
2002-10-23
2002-09-300.060.04-0.0233 
2002-07-24
2002-06-30-0.040.010.05125 
2002-04-24
2002-03-31-0.06-0.16-0.1166 
2002-01-30
2001-12-31-0.1-0.070.0330 
2001-10-24
2001-09-30-0.06-0.020.0466 
2001-07-25
2001-06-300.01-0.19-0.22000 
2001-04-25
2001-03-31-0.04-0.12-0.08200 
2001-01-31
2000-12-31-0.020.05320.0732366 
2000-10-25
2000-09-300.070.080.0114 
2000-07-26
2000-06-300.080.090.0112 
2000-04-19
2000-03-31-0.03-0.04-0.0133 
2000-01-20
1999-12-310.010.060.05500 
1999-10-20
1999-09-300.09-0.12-0.21233 
1999-07-21
1999-06-300.110.09-0.0218 
1999-04-21
1999-03-31-0.010.030.04400 
1999-01-21
1998-12-310.170.220.0529 
1998-10-21
1998-09-300.210.220.01
1998-07-22
1998-06-300.180.190.01
1998-04-20
1998-03-310.020.01-0.0150 
1998-01-23
1997-12-310.190.190.0
1997-10-23
1997-09-300.190.17-0.0210 
1997-07-22
1997-06-300.170.11-0.0635 
1997-04-17
1997-03-310.030.030.0
1997-01-21
1996-12-310.20.20.0
1996-10-22
1996-09-300.210.230.02
1996-07-18
1996-06-300.170.180.01
1996-04-17
1996-03-310.050.04-0.0120 
1996-01-25
1995-12-310.180.190.01

About Cleveland Cliffs Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Cleveland Cliffs earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Cleveland Cliffs estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Cleveland Cliffs fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2024
Retained Earnings1.7 B1.8 B
Retained Earnings Total Equity1.2 B1.3 B
Price Earnings Ratio 26.10  27.41 
Price Earnings To Growth Ratio(0.37)(0.36)

Pair Trading with Cleveland Cliffs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cleveland Cliffs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cleveland Cliffs will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cleveland Stock

  0.8NUE Nucor Corp Financial Report 18th of April 2024 PairCorr

Moving against Cleveland Stock

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  0.47NB NioCorp DevelopmentsPairCorr
  0.42X United States Steel Financial Report 25th of April 2024 PairCorr
The ability to find closely correlated positions to Cleveland Cliffs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cleveland Cliffs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cleveland Cliffs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cleveland Cliffs to buy it.
The correlation of Cleveland Cliffs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cleveland Cliffs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cleveland-Cliffs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cleveland Cliffs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Cleveland-Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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Is Cleveland Cliffs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.792
Earnings Share
0.78
Revenue Per Share
43.129
Quarterly Revenue Growth
0.013
Return On Assets
0.0329
The market value of Cleveland-Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.