Cleveland-Cliffs is expected to report a consensus revenue of $5.15 billion and an EPS of -$0.18, with the current stock price of $13.45 trailing the average analyst price target of $18.50.
The primary focus for investors this quarter is on steel shipment volumes and the realized price per ton amidst fluctuating automotive demand. High manufacturing costs and lower spot prices for hot-rolled coil have likely weighed on margins compared to the previous year. Analysts are also keen to hear management’s outlook on capital allocation, specifically regarding debt reduction and potential share buybacks.