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Cleveland-Cliffs Q3 earnings beat expectations, shares jump 16% on strong profitability and valuation opportunity.

Company Fundamentals
20 Oct 2026
Seeking Alpha
View Source
Bullish
Cleveland-Cliffs Q3 earnings beat expectations, shares jump 16% on strong profitability and valuation opportunity.

Cleveland-Cliffs reported strong Q3 earnings that confirmed ongoing profitability improvements and a narrowing gap with competitors. The market reacted positively, driving the stock up 16% following the report. Analysts see a short-term opportunity for multiple repricing given the company's current valuation levels. This suggests potential upside for investors as Cleveland-Cliffs continues to strengthen its competitive position.

Despite the recent 16% jump noted in the news, Cleveland-Cliffs (CLF) shares are down 4.33% on Pluang, trading at USD 13.49 as of Oct 20, 2026 23:01 WIB. The stock remains well below its 52-week high of USD 16.18, with a market cap of $8.04 billion at this time.

More News (CLF)

Cleveland-Cliffs beats Q3 EPS estimates but misses revenue, shares jump 14% on strong 2027 outlook.

Cleveland-Cliffs beats Q3 EPS estimates but misses revenue, shares jump 14% on strong 2027 outlook.

Cleveland-Cliffs reported Q3 adjusted EPS of $0.28, beating analyst estimates of $0.21, while revenue of $5.61 billion fell short of the $5.69 billion forecast. The company saw higher steel prices and shipments of 4.2 million net tons, returning to q...

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1 day ago
Cleveland-Cliffs forecasts 2027 EBITDA over $4B after strongest quarter in 3 years

Cleveland-Cliffs forecasts 2027 EBITDA over $4B after strongest quarter in 3 years

Cleveland-Cliffs reported a strong Q3 with adjusted EBITDA of $612 million, beating guidance and marking its best quarter in three years. The company expects 2027 adjusted EBITDA to exceed $4 billion, driven by higher steel prices, improved operation...

Company Fundamentals
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1 day ago
Cleveland-Cliffs posts strongest quarter in 3 years, shares jump 10% despite revenue miss.

Cleveland-Cliffs posts strongest quarter in 3 years, shares jump 10% despite revenue miss.

Cleveland-Cliffs reported its best quarter in three years with adjusted EBITDA of $612 million, beating guidance and lifting shares 10%. Despite missing revenue expectations at $5.61 billion, the company saw improved pricing, sales volumes, and profi...

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Cleveland-Cliffs Q3 2026 earnings expected to rebound with $0.24 EPS and $5.7B revenue

Cleveland-Cliffs Q3 2026 earnings expected to rebound with $0.24 EPS and $5.7B revenue

Cleveland-Cliffs is set to report Q3 2026 earnings on October 19, with analysts forecasting a significant turnaround to $0.24 earnings per share from a loss of $0.45 the previous year. Revenue is expected to rise to around $5.7 billion, up from $4.73...

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