Cleveland-Cliffs Stock Outperforms Market Despite Mixed Earnings Outlook
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Cleveland-Cliffs (CLF) stock has outpaced the S&P 500 and Dow in recent trading sessions, climbing 7.05% in the past month.
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Analysts expect strong earnings growth for Cleveland-Cliffs in the upcoming quarterly report, with EPS projected to rise 381.82% year-over-year.
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However, revenue is expected to fall 0.39% compared to the same quarter last year.
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Cleveland-Cliffs has a forward P/E ratio of 10.75, lower than the industry average of 16.66, suggesting it may be undervalued.
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The Mining - Miscellaneous industry that Cleveland-Cliffs belongs to ranks in the bottom 32% of Zacks industries, underperforming the market.