Cleveland-Cliffs (CLF) Q2 Earnings Lag Estimates

Cleveland-Cliffs (CLF) Q2 Earnings Lag Estimates

Cleveland-Cliffs (CLF) Q2 Earnings Lag Estimates - Oops!Something went wrong.Please try again later. Cleveland-Cliffs (CLF) came out with quarterly earnings of $1.46 per share, missing the Zacks Consensus Estimate of $1.48 per share. This compares to loss of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.35%. A quarter ago, it was expected that this mining company would post earnings of $0.33 per share when it actually produced earnings of $0.35, delivering a surprise of 6.06%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Cleveland-Cliffs, which belongs to the Zacks Mining - Miscellaneous industry, posted revenues of $5.05 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 2.96%. This compares to year-ago revenues of $1.09 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. …
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