Cleveland-Cliffs Inc reports results for the quarter ended June 30 - Earnings Summary

Cleveland-Cliffs

23/07/2026 14:31

Cleveland-Cliffs Inc CLF.N reported a quarterly adjusted loss of 25 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -97 cents.  The mean expectation of twelve analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -27 cents to -15 cents per share.
Revenue rose 5.9% to $5.23 billion from a year ago; analysts expected $5.19 billion. 
Cleveland-Cliffs Inc's reported EPS for the quarter was a loss of 25 cents​.
The company reported a quarterly loss of $145 million.
Cleveland-Cliffs Inc shares had risen by 0.6% this quarter and lost 28.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 122.5% in the last three months.​ 
In the last 30 days, seven analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 13 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is  "buy."
Wall Street's median 12-month price target for Cleveland-Cliffs Inc is $10.75, about 12.1% above its last closing price of $9.45
This summary was machine generated from LSEG data July 23 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Jun. 30 2026 
-0.20
-0.25
Missed
Mar. 31 2026 
-0.34
-0.42
Missed
Dec. 31 2025 
-0.61
-0.44
Beat
Sep. 30 2025 
-0.47
-0.51
Missed