• Cleveland-Cliffs Inc CLF.N reported a quarterly adjusted loss of 92 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of ten analysts for the quarter was for a loss of 61 cents per share. Wall Street expected results to range from -68 cents to -53 cents per share.

• Revenue fell 15.4% to $4.33 billion from a year ago; analysts expected $4.43 billion.

• Cleveland-Cliffs Inc's reported EPS for the quarter was a loss of 92 cents​.

• The company reported a quarterly loss of $447 million.

• Cleveland-Cliffs Inc shares had risen by 18.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.6% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 6 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the iron & steel peer group is also "hold"

Wall Street's median 12-month price target for Cleveland-Cliffs Inc is $12.00

This summary was machine generated from LSEG data February 25 at 06:23 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)