On Friday, Cliffs Natural Resources CLF will report its last quarter's earnings. Here is Benzinga's take on the company's latest release.
Earnings and Revenue
Cliffs Natural Resources EPS is expected to be around 53 cents, according to sell-side analysts. Sales will likely be near $651.8 million.
In the same quarter last year, Cliffs Natural Resources reported EPS of 26 cents on revenue of $569.3 million. If the company were to match the consensus estimate when it reports Friday, earnings would be up 103.85 percent. Sales would be up 14.49 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
EPS Estimate | -0.21 | 0.17 | 0.35 | 0.22 |
EPS Actual | -0.08 | 0.26 | 0.36 | 0.26 |
Stock Performance
Over the last 52-week period, shares are up 18.51 percent. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Sell rating with Cliffs Natural Resources. The strength of this rating has maintained conviction over the past three months.
Conference Call
Cliffs Natural Resources is scheduled to hold a conference call at 10:00 a.m. ET and it can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.