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Q3 2026 earnings • released • EPS beat +17.25% • Revenue miss -1.85%
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CLF:NYSE
Cleveland-Cliffs Inc
$14.03
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+2.82%(+0.38) 1D
$13.92
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-0.78% (-0.11)bedtimeAfter hours
Closed: Oct 21, 4:00:08 PM GMT-4 · USD
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| Symbol | Price | Change | % Change |
|---|
insights_autoGenerating top insights for CLF...
Open
$13.63
High
$14.15
Low
$13.40
Mkt. cap
8.00B
Avg. vol.
19.89M
Volume
23.10M
52-wk high
$15.35
52-wk low
$7.73
EPS
-$0.85
Beta
2.09
Shares outstanding
570.54M
No. of employees
25K
Open
$13.63
High
$14.15
Low
$13.40
Mkt. cap
8.00B
Avg. vol.
19.89M
Volume
23.10M
52-wk high
$15.35
52-wk low
$7.73
EPS
-$0.85
Beta
2.09
Shares outstanding
570.54M
No. of employees
25K
News stories
From web sources and news partners
Trefis
·
8 hours ago
How Bad Would Falling Steel Prices Be For Cleveland-Cliffs Stock?
Yahoo Finance
·
9 hours ago
Earnings Estimates Moving Higher for Cleveland-Cliffs (CLF): Time to Buy?
MarketBeat
·
10 hours ago
2 Steel Giants Just Reported Earnings—and Told Very Different Stories
Profile
Cleveland-Cliffs Inc. is an American steel manufacturer based in Cleveland, Ohio. It specializes in the mining, beneficiation, and pelletizing of iron ore, as well as steelmaking, including stamping and tooling. The company is ranked 23rd on the list of steel producers and is the second-largest steel producer in the United States after Nucor. It is the largest flat-rolled steel producer in North America. The company is ranked 221st on the Fortune 500 and 1511th on the Forbes Global 2000. Wikipedia
About Cleveland-Cliffs Inc
CEOLourenco C. Goncalves
Employees25K
Founded1847
HeadquartersCleveland, Ohio, United States
SectorSteel
Websiteclevelandcliffs.com
Analyst ratings
Based on 11 analysts giving stock ratings to CLF in the past 3 months
Hold
Buy
2
Hold
8
Sell
1
12-month forecast
Based on 11 Wall Street analysts offering 12 month price targets for CLF in the last 3 months.
Highest
Current $14.03
$17.00 (+21.17%)
Average
$12.94 (-7.77%)
Lowest
$11.00 (-21.60%)
Analyst | Recommendation | Action | Price target | Projected | Date |
|---|---|---|---|---|---|
Carlos De Alba Morgan Stanley | Hold | Reiterated | $14.00 | -0.2% | 10/20/2026 |
Timna Tanners Wells Fargo | Buy | Reiterated | $17.00 | +21.2% | 10/20/2026 |
Lawson Winder Bank of America Securities | Hold | Reiterated | $14.00 | -0.2% | 10/19/2026 |
Richard Garchitorena Barclays | Sell | Maintained | $11.00 | -21.6% | 10/19/2026 |
Bill Peterson J.P. Morgan | Hold | Maintained | $12.00 | -14.5% | 10/09/2026 |
Gordon Johnson GLJ Research | Buy | Upgraded | $14.00 | -0.2% | 10/06/2026 |
Nick Cash Goldman Sachs | Hold | Maintained | $12.00 | -14.5% | 10/05/2026 |
Unknown Analyst Wolfe Research | Hold | Maintained | $11.00 | -21.6% | 08/24/2026 |
Unknown Analyst Seaport Global | Hold | Maintained | - | - | 07/30/2026 |
Samuel McKinney KeyBanc | Hold | Maintained | - | - | 07/28/2026 |
Tristan Gresser Exane BNP Paribas | Hold | Upgraded | $11.50 | -18% | 07/24/2026 |
Unknown Analyst B. Riley Securities | Buy | Initiated | $15.00 | +6.9% | 07/21/2026 |
Alexander Hacking Citi | Hold | Reiterated | $10.00 | -28.7% | 07/07/2026 |
Unknown Analyst Barclays | Sell | Initiated | $9.00 | -35.9% | 05/21/2026 |
Unknown Analyst Wells Fargo | Hold | Maintained | $9.00 | -35.9% | 04/21/2026 |
Alexandra Yates Argus Research | Hold | Maintained | - | - | 04/02/2026 |
Last report
Oct 19, 2026
Fiscal period
Q3 2026
- Normalized EPS / Est. (USD)
- GAAP EPS / Est. (USD)
$0.28 / $0.24
+17.25%beat
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Revenue / Est. (USD)
5.61B / 5.72B
-1.85%miss
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Fiscal Q3 2026 earnings call
youtube_liveWaiting for the earnings call
At a glance
Insights from the latest news and reports
Previous reportsAll values in USD
Loading Previous Earnings...
Income statement
Revenue
Net income
- Quarterly
- Annual
All values in USD | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
Revenue | 4.73B | 4.31B | 4.92B | 5.23B |
Cost of goods sold | 4.78B | 4.52B | 5.00B | 5.09B |
Cost of revenue | 4.78B | 4.52B | 5.00B | 5.09B |
Research and development expenses | - | - | - | - |
Total research and development expenses | - | - | - | - |
Selling, general, and admin expenses | 73.00M | 78.00M | 61.00M | 90.00M |
Operating expense | 98.00M | 74.00M | 60.00M | 114.00M |
Total operating expenses | 4.88B | 4.59B | 5.06B | 5.21B |
Operating income | -144.00M | -280.00M | -142.00M | 18.00M |
Other non operating income | -9.00M | -12.00M | -10.00M | -11.00M |
EBT including unusual items | -309.00M | -439.00M | -307.00M | -152.00M |
EBT excluding unusual items | -306.00M | -444.00M | -314.00M | -149.00M |
Income tax expense | -78.00M | -206.00M | -81.00M | -20.00M |
Effective tax rate | 25.24% | 46.92% | 26.38% | 13.16% |
Other operating expenses | 25.00M | -4.00M | -1.00M | 24.00M |
Net income | -251.00M | -243.00M | -237.00M | -145.00M |
Net profit margin | -5.30% | -5.63% | -4.82% | -2.77% |
Earnings per share | -0.45 | -0.43 | -0.40 | -0.20 |
Interest and investment income | - | - | - | - |
Interest expense | -153.00M | -152.00M | -148.00M | -156.00M |
Net interest expenses | -153.00M | -152.00M | -148.00M | -156.00M |
Depreciation and amortization charges | - | - | - | - |
EBITDA | 129.00M | -8.00M | 117.00M | 283.00M |
Gain or loss from assets sale | - | - | - | - |
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more
Insider | Position | Type | Date | Shares | Amount |
|---|---|---|---|---|---|
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