CLF - Cleveland-Cliffs Stock Sinks As Market Gains: Here's Why | Benzinga
The most recent trading session ended with Cleveland-Cliffs (NYSE: CLF) standing at $14.45, reflecting a -1.97% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.09%. Elsewhere, the Dow saw a downswing of 0.1%, while the tech-heavy Nasdaq appreciated by 0.16%.
The the stock of mining company has fallen by 12.83% in the past month, lagging the Basic Materials sector's loss of 3.97% and the S&P 500's gain of 2.83%.
Analysts and investors alike will be keeping a close eye on the performance of Cleveland-Cliffs in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.04, indicating a 94.2% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $5.28 billion, showing a 11.8% drop compared to the year-ago quarter.
Regarding the entire year, ...