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CLF

Cleveland-Cliffs Inc

$18.42

Earnings Summary

Revenue
$6337Mn
Net Profits
$596Mn
Net Profit Margins
9.41%
PE Ratio
3.06

Highlights

Revenue:

Cleveland-Cliffs Inc’s revenue jumped 25.61% since last year same period to $6337Mn in the Q2 2022. On a quarterly growth basis, Cleveland-Cliffs Inc has generated 6.41% jump in its revenue since last 3-months.

Net Profits:

Cleveland-Cliffs Inc’s net profit fell -23.59% since last year same period to $596Mn in the Q2 2022. On a quarterly growth basis, Cleveland-Cliffs Inc has generated -25.59% fall in its net profits since last 3-months.

Net Profit Margins:

Cleveland-Cliffs Inc’s net profit margin fell -39.17% since last year same period to 9.41% in the Q2 2022. On a quarterly growth basis, Cleveland-Cliffs Inc has generated -30.08% fall in its net profit margins since last 3-months.

PE Ratio:

Cleveland-Cliffs Inc’s price-to-earnings ratio after this Q2 2022 earnings stands at 3.06.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Cleveland-Cliffs Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.78
EPS Estimate Current Year
0.78

Highlights

EPS Estimate Current Quarter:

Cleveland-Cliffs Inc’s earning per share (EPS) estimates for the current quarter stand at 0.78 - a -40.91% fall from last quarter’s estimates.

EPS Estimate Current Year:

Cleveland-Cliffs Inc’s earning per share (EPS) estimates for the current year stand at 0.78.

Key Ratios

Key ratios of the Cleveland-Cliffs Inc post its Q2 2022 earnings

Earning Per Share (EPS)
1.13
Return on Assets (ROA)
0.17
Return on Equity (ROE)
0.64
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Cleveland-Cliffs Inc’s earning per share (EPS) fell -15.04% since last year same period to 1.13 in the Q2 2022. This indicates that the Cleveland-Cliffs Inc has generated -15.04% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Cleveland-Cliffs Inc’s return on assets (ROA) stands at 0.17.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Cleveland-Cliffs Inc’s return on equity (ROE) stands at 0.64.

Dividend Per Share (DPS):

Cleveland-Cliffs Inc declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-07-26
1.32
1.13
-14.39%
2022-04-26
1.41
1.5
6.38%

Company Information

Cleveland-Cliffs, Inc. (Cliffs) is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, the company is also the largest producer of iron ore pellets in North America. In 2020, Cliffs acquired two major steelmakers, AK Steel and ArcelorMittal USA, vertically integrating its legacy iron ore business with quality-focused steel production and emphasis on the automotive end market. Its fully integrated portfolio includes custom-made pellets and hot briquetted iron (HBI); flat-rolled carbon steel, stainless, electrical, plate, tinplate and long steel products; as well as carbon and stainless steel tubing, hot and cold stamping and tooling. Headquartered in Cleveland, Ohio, Cliffs employ approximately 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada.

Organisation
Cleveland-Cliffs Inc
Headquarters
Cleveland, Ohio, US
Employees
2.02K
Industry
Non-Energy Minerals
CEO
Lourenco Goncalves