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

Cleveland-Cliffs (NYSE:CLF) is expected to announce its Q3 2026 results before the market opens on Monday, October 19th. Analysts expect Cleveland-Cliffs to post earnings of $0.2140 per share and revenue of $5.69 billion for the quarter. Parties are encouraged to explore the company’s upcoming Q3 2026 earnings overview 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 quarterly earnings results on Thursday, July 23rd. The mining company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.01. Cleveland-Cliffs had a negative return on equity of 13.37% and a negative net margin of 4.56%. The company had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the prior year, the business posted ($0.50) EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. 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 Stock Down 0.3%

CLF stock opened at $12.11 on Friday. The business has a 50 day moving average of $12.01 and a 200 day moving average of $11.22. The company has a quick ratio of 0.63, a current ratio of 1.89 and a debt-to-equity ratio of 1.32. Cleveland-Cliffs has a twelve month low of $7.73 and a twelve month high of $16.70. The firm has a market cap of $6.91 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 5.73 and a beta of 2.09.

Wall Street Analysts Forecast Growth

CLF has been the topic of several research analyst reports. UBS Group set a $13.00 price objective on Cleveland-Cliffs in a research note on Monday, September 7th. Morgan Stanley restated an “equal weight” rating and set a $12.50 price target (up from $12.00) on shares of Cleveland-Cliffs in a research note on Monday, June 22nd. Glj Research lifted their price objective on Cleveland-Cliffs from $15.60 to $17.48 and gave the company a “buy” rating in a report on Monday, September 21st. Citigroup reaffirmed a “positive” rating on shares of Cleveland-Cliffs in a research note on Friday, July 24th. Finally, Barclays upped their price objective on shares of Cleveland-Cliffs from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.35.

Key Cleveland-Cliffs News

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.