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

Cleveland-Cliffs (NYSE:CLF) is anticipated to announce its Q3 2026 results before the market opens on Monday, October 19th. Analysts expect Cleveland-Cliffs to announce earnings of $0.2140 per share and revenue of $5.69 billion for the quarter. Parties can check the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Monday, October 19, 2026 at 8:30 AM ET.

Cleveland-Cliffs (NYSE:CLF) last posted its earnings results on Thursday, July 23rd. The mining company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. The company had revenue of $5.23 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Cleveland-Cliffs had a negative net margin of 4.56% and a negative return on equity of 13.37%. Cleveland-Cliffs’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.50) earnings per share. On average, analysts expect Cleveland-Cliffs to post $0.10 EPS for the current fiscal year and $1.19 EPS for the next fiscal year.

Cleveland-Cliffs Trading Down 0.3%

Shares of CLF stock opened at $12.11 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.89 and a quick ratio of 0.63. The firm has a market cap of $6.91 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 5.74 and a beta of 2.09. The company has a 50-day moving average of $12.01 and a two-hundred day moving average of $11.22. Cleveland-Cliffs has a 1-year low of $7.73 and a 1-year high of $16.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CLF shares. Bank of America reduced their price target on shares of Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Barclays increased their price objective on shares of Cleveland-Cliffs from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cleveland-Cliffs in a report on Tuesday, July 21st. Morgan Stanley reissued an “equal weight” rating and issued a $12.50 target price (up from $12.00) on shares of Cleveland-Cliffs in a research report on Monday, June 22nd. Finally, JPMorgan Chase & Co. cut their target price on Cleveland-Cliffs from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.35.

Key Stories Impacting Cleveland-Cliffs

Here are the key news stories impacting Cleveland-Cliffs this week:

• Positive Sentiment: Broader metals-sector rally provided support. Cleveland-Cliffs rose alongside Alcoa and other metals stocks after Alcoa reported a third-quarter earnings beat and announced a data-center site sale. The move suggests investors are rotating toward industrial and materials companies, though the news was not specific to CLF. Alcoa Gains 8%, United States Antimony Jumps 10% After Alcoa’s Q3 Beat and Data Center Site Sale; Cleveland-Cliffs Rises 2%
• Positive Sentiment: Tariff protection could benefit domestic steel producers. Coverage of expanded U.S. tariff measures has renewed interest in Cleveland-Cliffs because its domestic steel production could benefit from reduced import competition. However, the company’s Canadian exposure makes the ultimate impact less clear. What Does Expanded Tariff Coverage Mean For Cleveland-Cliffs?
• Neutral Sentiment: Investor attention has increased. CLF is appearing on widely followed “trending stock” lists, which may increase trading activity but does not represent a fundamental change in earnings, demand, or valuation. Cleveland-Cliffs Inc. Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Canadian labor and asset-sale risk is the most significant overhang. Canadian officials are considering steps to block or limit layoffs at Stelco and have warned that Cleveland-Cliffs could potentially be forced to sell Canadian assets if layoffs proceed. Such intervention could raise costs, disrupt restructuring plans, or reduce strategic flexibility. Cleveland-Cliffs Could Be Forced to Sell Canadian Assets if Layoffs Proceed
• Negative Sentiment: Tariff uncertainty pressured the steel group. Investors remain concerned that changing trade policy could hurt cross-border operations and demand visibility, with CLF viewed as particularly exposed because of its Canadian footprint. Cleveland-Cliffs Drops as Tariff Doubt Returns
• Negative Sentiment: JPMorgan lowered its price target to $12.00, signaling limited upside near current trading levels and reflecting caution about the company’s outlook. JPMorgan Cuts Target for Cleveland-Cliffs Stock to $12.00

Cleveland-Cliffs Company Profile

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.