[ad_1]
PhonlamaiPhoto/iStock by way of Getty Pictures
Cleveland-Cliffs (NYSE:CLF) is scheduled to announce Q3 outcomes on Tuesday, Oct. 25, earlier than market open.
Consensus EPS estimate is $0.51 and consensus income estimate is $5.79B (-3.5% Y/Y).
During the last 2 years, CLF has crushed EPS estimates 25% of the time and income estimates 38% of the time.
During the last 3 months, EPS estimates have seen 4 downward revisions. Income estimates have seen 1 upward revision and three downward.
GLJ Analysis double downgraded Cleveland-Cliffs (CLF) as Q3 earnings estimates are too optimistic. Whereas the Road expects Q3 EBITDA to be ~$1B, the brokerage guided for ~$820M, based mostly on the agency’s implied steering for flattish manufacturing volumes and working bills, and decrease Q/Q common promoting costs.
SA contributor Leo Nelissen stated regardless of headwinds, Cleveland-Cliffs (CLF) is holding up higher than anticipated due to inside provide chain resilience, fixed-price contracts, low leverage and rebounding auto manufacturing.
Q2 recap:
Shares of the steelmaker fell after its Q2 earnings missed estimates, weighed by increased working prices and provide chain points. CEO Lourenco Goncalves performed down the specter of a recession and better charges hurting auto demand, saying provide chain issues and COVID-related manufacturing outages led to pent-up demand for vehicles.
Current information:
When it comes to demolition services in Tampa, Florida, there's a lot to consider. Whether…
Hey there! If you've ever found yourself tangled in the complex web of staffing for…
In the rapidly evolving digital marketing landscape, finding content creators who authentically represent your brand…
Before diving into the specifics, it's important to understand what a demolition contractor does. These…
Hey there! If you're cruising around Arlington and suddenly find your windshield cracked or shattered,…
Hello there! If you're searching for the top asphalt paving companies in Indiana, you're in…