Key Takeaways:
- Cleveland-Cliffs (CLF, Financial) exceeds EPS expectations, despite a year-over-year revenue decline.
- Analysts provide mixed forecasts, with potential for both downside and upside in stock value.
- GuruFocus projects significant potential growth based on GF Value metrics.
Cleveland-Cliffs (CLF) recently released its Q2 results, showcasing a non-GAAP EPS of -$0.50, which pleasantly outperformed market expectations by $0.18. The company's revenue hit $4.93 billion, marking a 3.1% decrease year-over-year but still surpassing analysts' estimates by $20 million. Additionally, Cleveland-Cliffs revised its 2025 forecasts, projecting capital expenditures at $600 million and administrative expenses at $575 million.
Wall Street Analysts Forecast
Taking into account the projections from 10 analysts, Cleveland-Cliffs Inc (CLF, Financial) has an average one-year price target set at $8.78. The forecasts range with a high estimate of $14.00 and a low estimate of $3.91. This average target suggests a potential downside of 7.34% from its current trading price of $9.48. For an in-depth view of these predictions, visit the Cleveland-Cliffs Inc (CLF) Forecast page.
The consensus recommendation from 14 brokerage firms places Cleveland-Cliffs Inc (CLF, Financial) at an average rating of 2.9, indicating a "Hold" status. The rating system utilized spans from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell.
GuruFocus Evaluation
GuruFocus's own metrics offer an optimistic view, estimating a GF Value for Cleveland-Cliffs Inc (CLF, Financial) in a year at $14.74. This suggests a potential upside of 55.49% from the current price of $9.48. The GF Value is an assessment of the stock's fair trading value, based on historical trading multiples and projections of business growth. For more comprehensive information, visit the Cleveland-Cliffs Inc (CLF) Summary page.
