Cleveland-Cliffs (NYSE:CLF) Full Year 2024 Results

Key Financial Results

• Revenue: US$19.2b (down 13% from FY 2023).
• Net loss: US$754.0m (down by 289% from US$398.0m profit in FY 2023).
• US$1.57 loss per share (down from US$0.78 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cleveland-Cliffs EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are down 10% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Cleveland-Cliffs.

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