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CLF

Cliffs Natural Resources Inc.

$17.88

Earnings Summary

Revenue
$5045Mn
Net Profits
$780Mn
Net Profit Margins
15.46%

Highlights

Revenue:

Cliffs Natural Resources Inc.’s revenue jumped 361.7% since last year same period to $5045Mn in the Q2 2021. On a quarterly growth basis, Cliffs Natural Resources Inc. has generated 24.6% jump in its revenue since last 3-months.

Net Profits:

Cliffs Natural Resources Inc.’s net profit jumped 729.54% since last year same period to $780Mn in the Q2 2021. On a quarterly growth basis, Cliffs Natural Resources Inc. has generated 1802.44% jump in its net profits since last 3-months.

Net Profit Margins:

Cliffs Natural Resources Inc.’s net profit margin jumped 236.35% since last year same period to 15.46% in the Q2 2021. On a quarterly growth basis, Cliffs Natural Resources Inc. has generated 1426.85% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Cliffs Natural Resources Inc. post its latest quarter earnings

EPS Estimate Current Quarter
-0.29
EPS Estimate Current Year
-0.29

Highlights

EPS Estimate Current Quarter:

Cliffs Natural Resources Inc.’s earning per share (EPS) estimates for the current quarter stand at -0.29 - a -152.73% fall from last quarter’s estimates.

EPS Estimate Current Year:

Cliffs Natural Resources Inc.’s earning per share (EPS) estimates for the current year stand at -0.29.

Key Ratios

Key ratios of the Cliffs Natural Resources Inc. post its Q4 2022 earnings

Return on Assets (ROA)
0.07
Return on Equity (ROE)
0.2

Highlights

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. Cliffs Natural Resources Inc.’s return on assets (ROA) stands at 0.07.

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. Cliffs Natural Resources Inc.’s return on equity (ROE) stands at 0.2.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2019-02-08
0.6
1.98
230%
2018-10-19
0.66
1.41
113.64%
2018-07-24
0.52
0.55
5.77%
2018-04-24
-0.22
-0.29
-31.82%

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
Cliffs Natural Resources Inc.
Headquarters
200 Public Square, Cleveland, OH, United States, 44114-2315
Employees
27000
Industry
Non-Energy Minerals
CEO
Lourenco Goncalves

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