CLF Cleveland-Cliffs Inc

Latest Earnings Insight

Cleveland-Cliffs Inc. (CLF) is poised to report its third-quarter 2025 earnings on October 20, with market expectations set for a notable revenue increase to $4.90 billion, despite a projected earnings per share (EPS) of $0.00, aligning with the whisper number. This anticipated revenue growth contrasts with the company's recent challenges, including a significant GAAP net loss of $483 million in the previous quarter and a persistent long-term debt of $7.7 billion. The mining giant's strategic focus on operational efficiency, highlighted by its recent $40 per ton cost reduction target, aims to counterbalance these financial hurdles. While Zacks Research has adjusted its earnings forecast downward, predicting a loss of $0.48 per share for the quarter, Cleveland-Cliffs' ability to exceed expectations in Q2 2025, with an EPS of -0.5 against a forecasted -0.71, suggests potential for another surprise. Investors remain cautiously optimistic, buoyed by the company's strategic initiatives and the prospect of a 108.8% earnings improvement in the next fiscal year, as Cleveland-Cliffs navigates through a complex market landscape with a market cap of approximately $6.88 billion.