• Cleveland-Cliffs Inc CLF.N reported a quarterly adjusted loss of 100 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of ten analysts for the quarter was for a loss of 77 cents per share. Wall Street expected results to range from -89 cents to -63 cents per share.

• Revenue fell 11% to $4.63 billion from a year ago; analysts expected $4.64 billion.

• Cleveland-Cliffs Inc's reported EPS for the quarter was a loss of $1.00​.

• The company reported a quarterly loss of $495 million.

• Cleveland-Cliffs Inc shares had risen by 4.7% this quarter and lost 8.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 65.2% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 6 "hold" and 2 "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 $11.00

This summary was machine generated from LSEG data May 7 at 11:38 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)