CLF

Cleveland-Cliffs (CLF) has received a Zacks Rank #2 (Buy) rating as earnings estimates have moved considerably higher. The company's consensus earnings estimate for the current quarter increased 14.6% over the last 30 days, with the full-year estimate rising 400%. The stock has gained 8.9% over the past four weeks, reflecting investor confidence in its earnings growth prospects.

Nucor Corporation is expanding production capacity with major projects including a 3 million ton per annum sheet mill in West Virginia expected to complete in late 2026. The company projects Q3 2026 earnings of $5.55-$5.65 per share, driven by higher steel prices and volumes.

U.S. steel prices have surged above $1,300 per short ton recently, benefiting major producers. Peer steel companies Steel Dynamics, Cleveland-Cliffs, and ArcelorMittal are also reporting strong earnings guidance and improved market conditions.

Cleveland-Cliffs reported Q3 2026 revenue of $5.61 billion, up 18.6% year-over-year and beating consensus estimates by 0.56%. EPS of $0.28 significantly exceeded the $0.24 estimate, representing a 16.67% surprise.

However, several key operational metrics fell short of analyst expectations, including total steel product volumes and average net selling prices. The stock has gained 16.8% over the past month and holds a Zacks Rank #2 (Buy) rating.

Cleveland-Cliffs (CLF) is highlighted as an attractive momentum stock trading at a bargain valuation. The mining company has demonstrated strong price momentum with a 16.8% four-week gain and 15.1% twelve-week return, while maintaining a low Price-to-Sales ratio of 0.40x. With a Momentum Score of A and Zacks Rank #2 (Buy), CLF appears positioned for continued upside despite its fast-paced momentum characteristics.

Cleveland-Cliffs reported Q3 2026 adjusted EBITDA more than doubled to $612 million, driven by domestic trade protections and strong steel pricing. The company secured multiyear supply contracts expected to generate $1 billion in incremental EBITDA, postponed a furnace maintenance outage to preserve 500,000 tons of production, and committed all free cash flow to debt reduction. Management projects over $4 billion in EBITDA for 2027 under similar market conditions.

Cleveland-Cliffs stock surged 16.34% after reporting stronger Q3 results with adjusted EBITDA more than doubling to $612 million and raising its 2027 EBITDA outlook to exceed $4 billion. The strong performance boosted other domestic steel stocks, though Steel Dynamics fell after earnings missed estimates despite record shipments.

Cleveland-Cliffs stock surged over 16% after reporting adjusted earnings of $0.28 per share, beating estimates of $0.21. The company's adjusted EBITDA more than doubled to $612 million in Q3, with expectations to exceed $700 million in Q4. Strong steel prices and tariffs limiting imports are driving robust 2027 outlook with over $4 billion in projected adjusted EBITDA.

Pre-market futures show mixed signals with the Nasdaq up 376 points while the Dow is down 88 points. Fifth Third Bank reported mixed Q3 earnings with EPS beating expectations but revenues missing, while Cleveland-Cliffs surged 15% after beating both earnings and revenue estimates. Housing data this week is expected to remain weak, with the NAHB Housing Market Index projected to stay well below the 50 breakeven point.

Pre-market futures showed mixed performance on October 19, 2026, with the Nasdaq up 376 points while the Dow fell 88 points. Cleveland-Cliffs (CLF) jumped 15% after beating earnings expectations on both revenue and earnings per share.

Fifth Third Bank (FITB) reported mixed results with EPS beating consensus but revenues missing expectations. Housing data showed continued weakness with the NAHB Housing Market Index expected to decline further below the 50 breakeven point.

Cleveland-Cliffs reported Q3 2026 earnings of $0.28 per share, beating consensus estimates of $0.24 and showing significant improvement from a $0.45 loss a year ago. Revenue reached $5.61 billion, slightly exceeding expectations.

However, the stock has underperformed the S&P 500 by 20.6% year-to-date. The company received a Zacks Rank #3 (Hold) rating with mixed estimate revisions, suggesting near-term performance in line with the market.

Cleveland-Cliffs (CLF), a mining company in the steel producers industry, is trending among investors. The stock has returned +3.5% over the past month, outperforming its industry which declined 2.5%.

While earnings estimates have been revised upward significantly, the company received a Zacks Rank #3 (Hold) rating, suggesting it may perform in line with the broader market. The stock is trading at a premium to peers with a D valuation grade.

Cleveland-Cliffs stock fell 2.18% on October 14, 2026, underperforming the S&P 500's 1.11% decline. Despite strong upcoming earnings expectations (EPS up 153.33% YoY, revenue up 17.89% YoY), the stock trades at a premium valuation with a Forward P/E of 133.03 versus the industry average of 13.24. The company holds a Zacks Rank #3 (Hold) rating, with a PEG ratio of 6.08 significantly above the Steel-Producers industry average of 0.44.

Amid market uncertainty driven by high oil prices, elevated inflation, and Federal Reserve policy concerns, Zacks highlights five broker-favored stocks expected to report third-quarter earnings this week. The featured companies—Cracker Barrel, Best Buy, Beazer Homes USA, Cleveland-Cliffs, and Bath & Body Works—have demonstrated strong earnings beat records and are benefiting from operational improvements, innovation, and market recovery trends.

Amid market uncertainty driven by high oil prices, elevated inflation, and Federal Reserve policy concerns, investors are advised to follow broker recommendations. A stock screen identified five broker-favored picks based on upgrades, positive earnings revisions, and low price-to-sales ratios: Cracker Barrel, Best Buy, Beazer Homes, Cleveland-Cliffs, and Bath & Body Works.

Cleveland-Cliffs Inc. (CLF), North America's largest iron ore pellet and flat-rolled steel producer, is highlighted as a stock to watch with a #3 (Hold) Zacks Rank and a B VGM Score. The company shows strong momentum with shares up 10.6% over the past four weeks and an A Momentum Style Score. Recent analyst revisions increased the fiscal 2026 earnings estimate by $0.14, with the company maintaining a +12.7% average earnings surprise.

Cleveland-Cliffs is expected to report Q3 2026 earnings on October 19 with consensus estimates of $0.24 EPS (up 153.3% YoY) and $5.58B in revenues (up 17.9% YoY). However, the company has a negative Earnings ESP of -11.16%, indicating recent analyst downgrades, making it difficult to predict an earnings beat despite its Zacks Rank #3 (Hold) rating.

Cleveland-Cliffs stock declined 1.55% to $12.06, underperforming the S&P 500's 0.22% loss on October 7, 2026. The mining company is scheduled to report earnings on October 19, 2026, with forecasts showing EPS of $0.24 (up 153.33% YoY) and revenue of $5.58 billion (up 17.92% YoY). The stock holds a Zacks Rank #3 (Hold) rating, with consensus EPS projections rising 7.69% over the past 30 days.

Cleveland-Cliffs (CLF) has been heavily searched on Zacks.com lately. The stock has underperformed the S&P 500 by 7.2% over the past month.

While earnings estimates have been revised upward with strong revenue growth expected (+13.4% for current fiscal year), the company received a Zacks Rank #3 (Hold) rating, suggesting it may perform in line with the broader market. The stock is trading at a premium to peers with a D valuation grade.