Latest news with #Cleveland-Cliffs'
Yahoo
3 days ago
- Business
- Yahoo
Cleveland-Cliffs (NYSE:CLF) Q1 2025 Earnings Report Reveals Increased Net Loss
Cleveland-Cliffs recently announced its earnings for Q1 2025, reporting a decline in sales and an increased net loss compared to the same period the previous year. Despite these financial challenges, the company's stock moved up by 19% over the past week, in contrast to the broader market's modest 2% climb. This significant price movement for Cleveland-Cliffs, given its recent earnings report, suggests other influences may have been at play, potentially offsetting the financial performance impact, as no major market news accompanied this period. Cleveland-Cliffs has 3 possible red flags (and 1 which is potentially serious) we think you should know about. These 18 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. The news of Cleveland-Cliffs' improved share price performance following a challenging earnings report highlights the complex dynamics influencing investor sentiment. While the company's Q1 2025 earnings showed a US$1.18 billion loss, the recent tariff-backed protection and expectations of synergies from the Stelco acquisition may bolster its future prospects. This optimism is reflected in the significant 19% share price increase, despite short-term financial setbacks. Over the past five years, Cleveland-Cliffs delivered a total return of 10.69%, including share price and dividends—a modest gain considering the stock's recent volatility. In contrast, the company's performance in the past year lagged behind both the US market return of 11.9% and the US Metals and Mining industry return of 0.4%. These figures indicate that while Cleveland-Cliffs has experienced recent positive momentum, it trails industry and market averages over the longer term. The potential impact of the tariff and acquisition news on revenue and earnings forecasts is significant. Analysts anticipate an annual revenue growth of 5.2% over the next three years and a shift from a 3.9% decline in profit margins to a 2.2% gain by 2028. However, this optimistic outlook is tempered by existing risks, including trade disruptions and high interest rates, which could impede the company's progress. With the current share price at US$8.61 and a consensus price target of US$10.91, the stock has room to grow, with a potential upside of 21.1%. However, the analysts' divided perspectives on Cleveland-Cliffs' future highlight the uncertainty ahead. Investors are encouraged to scrutinize these projections against personal expectations and market conditions. Understand Cleveland-Cliffs' track record by examining our performance history report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CLF. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Business Wire
14-05-2025
- Business
- Business Wire
Securities Fraud Investigation Into Cleveland-Cliffs Inc. (CLF) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Cleveland-Cliffs Inc. ('Cleveland-Cliffs' or the 'Company') (NYSE: CLF) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON CLEVELAND-CLIFFS INC. (CLF), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On May 7, 2025, Cleveland-Cliffs released its first quarter 2025 financial results, reporting a larger than expected adjusted loss and an 11% year-over-year revenue decline. The Company explained that its results were 'negatively impacted by underperforming non-core assets and the lagging effect of lower index prices in late 2024 and early 2025.' Additionally, the Company announced that it plans to idle six steel plants to 'consolidate operations' and 'withdraw from loss-making businesses.' On this news, Cleveland-Cliffs' stock price fell $1.34, or 15.8%, to close at $7.15 per share on May 8, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us. Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@ Telephone: 310-201-9150 (Toll-Free: 888-773-9224) Visit our website at Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice Persons with non-public information regarding Cleveland-Cliffs should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@ About Glancy Prongay & Murray LLP Glancy Prongay & Murray LLP ('GPM') is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM's nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM's lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM's past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Business Wire
13-05-2025
- Business
- Business Wire
Securities Fraud Investigation Into Cleveland-Cliffs Inc. (CLF) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces an investigation of Cleveland-Cliffs Inc. ('Cleveland-Cliffs' or the 'Company') (NYSE: CLF) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON CLEVELAND-CLIFFS INC. (CLF), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On May 7, 2025, Cleveland-Cliffs released its first quarter 2025 financial results, reporting a larger than expected adjusted loss and an 11% year-over-year revenue decline. The Company explained that its results were 'negatively impacted by underperforming non-core assets and the lagging effect of lower index prices in late 2024 and early 2025.' Additionally, the Company announced that it plans to idle six steel plants to 'consolidate operations' and 'withdraw from loss-making businesses.' On this news, Cleveland-Cliffs' stock price fell $1.34, or 15.8%, to close at $7.15 per share on May 8, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you purchased Cleveland-Cliffs securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: info@ Visit our website at: Follow us for updates on Twitter at If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Yahoo
05-03-2025
- Business
- Yahoo
Cleveland-Cliffs (NYSE:CLF) Drops 8% Following US$447 Million Q4 Net Loss
Cleveland-Cliffs experienced a 7.5% price decline over the last month, influenced by both internal and external factors. The company's recent earnings announcement reported a significant net loss of $447 million in Q4, a notable increase from the $155 million loss the previous year. This performance decline coincided with broader market fluctuations driven by trade tensions and mixed economic data, as highlighted by recent market volatility and tariff developments. Additionally, Cleveland-Cliffs issued $850 million in senior notes to manage its debt, reflecting strategic financial maneuvering amidst challenging economic conditions. Meanwhile, the company's share buyback program showed limited recent activity. While automaker stocks rallied due to potential tariff relief, broader market indexes like the Dow and S&P 500 oscillated amid economic uncertainties. The overall market dropped 3.1% last week, contributing to the company's share price trajectory against a backdrop of declining steel sales and profitability challenges. Take a closer look at Cleveland-Cliffs's potential here. Over the five-year span, Cleveland-Cliffs achieved a 99.62% total return including share price and dividends. This performance reflects various significant undertakings and market movements. In recent years, the company has been active with transactions like the issuance of $850 million in senior notes intended to manage debt, highlighting an effort to stabilize its financial framework. Simultaneously, earnings have been affected, with the latest announcement in February 2025 revealing a US$447 million net loss for Q4. This aligns with the challenges posed by declining sales in sectors such as steel. Despite the losses, Cleveland-Cliffs' venture into business expansions, like initiating a new plant in West Virginia, demonstrates a commitment to addressing market needs. M&A rumors, including bids for United States Steel Corp, also suggest an ambition for growth. Still, Cleveland-Cliffs underperformed the US Metals and Mining industry over the last year, which gained 4.6%, revealing some discrepancies compared to broader industry trends. Unlock the insights behind Cleveland-Cliffs' valuation and discover its true investment potential Understand the uncertainties surrounding Cleveland-Cliffs' market positioning with our detailed risk analysis report. Already own Cleveland-Cliffs? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CLF. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Here's What Analysts Are Forecasting For Cleveland-Cliffs Inc. (NYSE:CLF) After Its Full-Year Results
It's been a mediocre week for Cleveland-Cliffs Inc. (NYSE:CLF) shareholders, with the stock dropping 11% to US$10.57 in the week since its latest full-year results. Revenues came in at US$19b, in line with expectations, while statutory losses per share were substantially higher than expected, at US$1.57 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. View our latest analysis for Cleveland-Cliffs Taking into account the latest results, the most recent consensus for Cleveland-Cliffs from eight analysts is for revenues of US$20.4b in 2025. If met, it would imply a reasonable 6.3% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 82% to US$0.27. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$20.5b and losses of US$0.69 per share in 2025. While the revenue estimates were largely unchanged, sentiment seems to have improved, with the analysts upgrading their numbers and making a considerable decrease in losses per share in particular. There's been no major changes to the consensus price target of US$12.39, suggesting that reduced loss estimates are not enough to have a long-term positive impact on the stock's valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Cleveland-Cliffs, with the most bullish analyst valuing it at US$20.00 and the most bearish at US$7.00 per share. With such a wide range in price targets, analysts are almost certainly betting on widely divergent outcomes in the underlying business. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that Cleveland-Cliffs' revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 6.3% growth on an annualised basis. This is compared to a historical growth rate of 27% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.4% per year. Even after the forecast slowdown in growth, it seems obvious that Cleveland-Cliffs is also expected to grow faster than the wider industry. The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$12.39, with the latest estimates not enough to have an impact on their price targets. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Cleveland-Cliffs going out to 2027, and you can see them free on our platform here.. It is also worth noting that we have found 1 warning sign for Cleveland-Cliffs that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
