Cleveland-Cliffs (CLF) Stock Forecast, Price Target & Predictions
CLF Stock Forecast
Cleveland-Cliffs stock forecast is as follows: an average price target of $19.85 (represents a 66.67% upside from CLF’s last price of $11.91) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.
CLF Price Target
The average price target for Cleveland-Cliffs (CLF) is $19.85 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $10.13. This represents a potential 66.67% upside from CLF's last price of $11.91.
CLF Analyst Ratings
According to 18 Wall Street analysts, Cleveland-Cliffs's rating consensus is 'Buy'. The analyst rating breakdown for CLF stock is 0 'Strong Buy' (0.00%), 9 'Buy' (50.00%), 6 'Hold' (33.33%), 3 'Sell' (16.67%), and 0 'Strong Sell' (0.00%).
Cleveland-Cliffs Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 27, 2024 | Martin Englert | Seaport Global | $16.50 | $13.85 | 19.18% | 38.54% |
| Jun 11, 2024 | Matthew Key | B.Riley Financial | $23.00 | $14.83 | 55.09% | 93.12% |
| Jun 06, 2024 | Gordon Johnson | GLJ Research | $10.13 | $16.09 | -37.02% | -14.95% |
| May 20, 2024 | Christopher LaFemina | Jefferies | $22.00 | $17.51 | 25.64% | 84.72% |
| Mar 28, 2024 | Gordon Johnson | GLJ Research | $27.20 | $22.64 | 20.14% | 128.38% |
| Sep 15, 2023 | Curt Woodworth | Credit Suisse | $25.00 | $14.62 | 71.00% | 109.91% |
| Sep 15, 2023 | Carlos De Alba | Morgan Stanley | $19.00 | $14.62 | 29.96% | 59.53% |
| Jan 12, 2023 | - | Morgan Stanley | $26.00 | $19.23 | 35.21% | 118.30% |
| Jul 27, 2022 | Gordon Johnson | GLJ Research | $13.44 | $16.34 | -17.75% | 12.85% |
| Jul 12, 2022 | Emily Chieng | Goldman Sachs | $24.00 | $15.09 | 59.05% | 101.51% |
The latest Cleveland-Cliffs stock forecast, released on Aug 27, 2024 by Martin Englert from Seaport Global, set a price target of $16.50, which represents a 19.18% increase from the stock price at the time of the forecast ($13.85), and a 38.54% increase from CLF last price ($11.91).
Cleveland-Cliffs Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 5 |
| Avg Price Target | $16.50 | $16.50 | $19.77 |
| Last Closing Price | $11.91 | $11.91 | $11.91 |
| Upside/Downside | 38.54% | 38.54% | 65.99% |
In the current month, the average price target of Cleveland-Cliffs stock is $16.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 38.54% increase as opposed to Cleveland-Cliffs's last price of $11.91. This month's average price target is down 0.00% compared to last quarter, and down -16.54% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 10, 2024 | Seaport Global | Buy | Buy | Hold |
| Aug 27, 2024 | Seaport Global | Neutral | Buy | Upgrade |
| Aug 15, 2024 | Johnson Rice | Buy | Buy | Hold |
| Jun 11, 2024 | Raymond James | Strong Buy | Market Perform | Downgrade |
| Jun 11, 2024 | Seaport Global | - | Neutral | Initialise |
| Jun 06, 2024 | Johnson Rice | Buy | Buy | Hold |
| Jun 06, 2024 | Jefferies | Underperform | Underperform | Hold |
| Jun 06, 2024 | GLJ Research | Buy | Sell | Downgrade |
| May 20, 2024 | Jefferies | Buy | Buy | Hold |
| May 20, 2024 | Jefferies | Hold | Buy | Initialise |
Cleveland-Cliffs's last stock rating was published by Seaport Global on Sep 10, 2024. The company gave CLF a "Buy" rating, the same as its previous rate.
Cleveland-Cliffs Financial Forecast
Cleveland-Cliffs Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.61B | $5.98B | $5.29B | $5.04B | $5.65B | $6.34B | $5.96B | $5.35B | $6.00B | $5.04B | $4.05B | $2.26B | $1.65B | $1.09B | $359.10M | $534.10M | $555.60M |
| Avg Forecast | $14.51B | $13.07B | $11.77B | $10.60B | $5.00B | $5.08B | $5.10B | $4.98B | $4.96B | $4.87B | $5.18B | $5.34B | $5.16B | $5.58B | $5.80B | $5.21B | $5.20B | $5.78B | $6.12B | $5.40B | $5.73B | $5.64B | $4.97B | $4.22B | $2.34B | $1.60B | $1.07B | $304.16M | $556.36M | $534.20M |
| High Forecast | $14.82B | $13.35B | $12.02B | $10.83B | $5.11B | $5.19B | $5.21B | $5.09B | $5.06B | $5.03B | $5.29B | $5.46B | $5.22B | $5.67B | $5.92B | $5.33B | $5.31B | $5.90B | $6.23B | $5.49B | $5.82B | $5.73B | $5.05B | $4.29B | $2.38B | $1.63B | $1.09B | $309.17M | $565.53M | $543.00M |
| Low Forecast | $14.05B | $12.65B | $11.39B | $10.26B | $4.84B | $4.92B | $4.94B | $4.83B | $4.80B | $4.71B | $5.02B | $5.17B | $5.11B | $5.46B | $5.61B | $5.05B | $5.04B | $5.59B | $6.03B | $5.31B | $5.64B | $5.55B | $4.89B | $4.16B | $2.31B | $1.58B | $1.05B | $299.34M | $547.55M | $525.74M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.03% | 1.02% | 0.97% | 0.98% | 1.03% | 1.10% | 0.93% | 1.06% | 1.02% | 0.96% | 0.96% | 1.03% | 1.02% | 1.18% | 0.96% | 1.04% |
Cleveland-Cliffs's average Quarter revenue forecast for Dec 23 based on 5 analysts is $5.16B, with a low forecast of $5.11B, and a high forecast of $5.22B. CLF's average Quarter revenue forecast represents a -8.02% decrease compared to the company's last Quarter revenue of $5.61B (Sep 23).
Cleveland-Cliffs EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $622.00M | $784.00M | $263.00M | $130.00M | $472.00M | $1.14B | $1.44B | $1.42B | $1.93B | $1.29B | $359.00M | $245.70M | $108.20M | $-2.80M | $-38.10M | $104.40M | $143.20M |
| Avg Forecast | $2.32B | $2.09B | $1.88B | $1.69B | $799.15M | $811.59M | $815.50M | $796.56M | $792.01M | $778.38M | $827.94M | $1.60B | $823.90M | $891.26M | $926.15M | $1.46B | $831.29M | $2.03B | $978.72M | $1.33B | $915.13M | $901.35M | $793.74M | $460.17M | $374.33M | $256.26M | $170.71M | $-58.91M | $88.91M | $85.37M |
| High Forecast | $2.37B | $2.13B | $1.92B | $1.73B | $816.34M | $829.04M | $833.04M | $813.69M | $809.04M | $804.01M | $845.74M | $1.92B | $833.48M | $906.59M | $946.07M | $1.75B | $849.17M | $2.43B | $994.85M | $1.59B | $930.21M | $916.20M | $806.81M | $552.21M | $380.50M | $260.48M | $173.53M | $-47.13M | $90.37M | $86.77M |
| Low Forecast | $2.25B | $2.02B | $1.82B | $1.64B | $773.67M | $785.71M | $789.50M | $771.16M | $766.75M | $752.76M | $801.53M | $1.28B | $815.91M | $872.37M | $896.62M | $1.17B | $804.78M | $1.62B | $963.23M | $1.06B | $900.65M | $887.08M | $781.17M | $368.14M | $368.41M | $252.20M | $168.01M | $-70.69M | $87.50M | $84.02M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.70% | 0.85% | 0.18% | 0.16% | 0.23% | 1.16% | 1.09% | 1.55% | 2.14% | 1.62% | 0.78% | 0.66% | 0.42% | -0.02% | 0.65% | 1.17% | 1.68% |
5 analysts predict CLF's average Quarter EBITDA for Dec 23 to be $823.90M, with a high of $833.48M and a low of $815.91M. This is 32.46% upper than Cleveland-Cliffs's previous annual EBITDA (Sep 23) of $622.00M.
Cleveland-Cliffs Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $264.00M | $347.00M | $-43.00M | $-205.00M | $152.00M | $596.00M | $801.00M | $898.00M | $1.27B | $780.00M | $41.00M | $64.00M | $-10.00M | $-123.90M | $-52.10M | $63.20M | $90.90M |
| Avg Forecast | $274.92M | $274.92M | $270.18M | $270.18M | $109.19M | $102.94M | $96.80M | $95.80M | $-43.99M | $-72.41M | $-2.70M | $907.35M | $-22.23M | $203.46M | $327.27M | $824.86M | $-163.51M | $1.34B | $626.01M | $749.87M | $998.72M | $1.05B | $710.82M | $52.55M | $94.19M | $-46.25M | $-250.19M | $-42.33M | $119.61M | $138.98M |
| High Forecast | $282.61M | $282.61M | $277.74M | $277.74M | $112.24M | $105.82M | $99.51M | $98.47M | $-42.16M | $-27.15M | $-2.59M | $1.09B | $-6.35M | $298.08M | $336.42M | $989.83M | $-156.73M | $1.61B | $639.42M | $899.85M | $1.02B | $1.08B | $726.05M | $63.07M | $96.21M | $-45.30M | $-245.04M | $-33.87M | $122.17M | $141.95M |
| Low Forecast | $263.53M | $263.53M | $258.98M | $258.98M | $104.66M | $98.68M | $92.79M | $91.82M | $-45.22M | $-117.67M | $-2.78M | $725.88M | $-41.29M | $118.29M | $313.71M | $659.89M | $-168.08M | $1.07B | $613.13M | $599.90M | $978.17M | $1.03B | $696.20M | $42.04M | $92.25M | $-47.24M | $-255.55M | $-50.80M | $117.15M | $136.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.30% | 1.06% | -0.05% | 1.25% | 0.11% | 0.95% | 1.07% | 0.90% | 1.21% | 1.10% | 0.78% | 0.68% | 0.22% | 0.50% | 1.23% | 0.53% | 0.65% |
Cleveland-Cliffs's average Quarter net income forecast for Dec 23 is $-22.23M, with a range of $-41.29M to $-6.35M. CLF's average Quarter net income forecast represents a -108.42% decrease compared to the company's last Quarter net income of $264.00M (Sep 23).
Cleveland-Cliffs SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $144.00M | $149.00M | $127.00M | $116.00M | $124.00M | $107.00M | $122.00M | $111.00M | $112.00M | $104.00M | $95.00M | $94.80M | $59.60M | $62.10M | $26.10M | $37.20M | $25.50M |
| Avg Forecast | $501.18M | $451.35M | $406.47M | $366.05M | $172.71M | $175.39M | $176.24M | $172.14M | $171.16M | $168.22M | $178.93M | $138.20M | $178.05M | $192.61M | $200.15M | $125.63M | $179.65M | $117.68M | $211.51M | $114.21M | $197.77M | $194.79M | $171.53M | $121.77M | $80.90M | $55.38M | $36.89M | $21.21M | $19.21M | $18.45M |
| High Forecast | $511.96M | $461.05M | $415.21M | $373.92M | $176.42M | $179.16M | $180.03M | $175.85M | $174.84M | $173.75M | $182.77M | $165.84M | $180.12M | $195.92M | $204.46M | $150.76M | $183.51M | $141.21M | $215.00M | $137.06M | $201.03M | $198.00M | $174.36M | $146.13M | $82.23M | $56.29M | $37.50M | $25.45M | $19.53M | $18.75M |
| Low Forecast | $485.20M | $436.95M | $393.50M | $354.38M | $167.20M | $169.80M | $170.62M | $166.65M | $165.70M | $162.68M | $173.22M | $110.56M | $176.33M | $188.53M | $193.77M | $100.51M | $173.92M | $94.14M | $208.16M | $91.37M | $194.64M | $191.71M | $168.82M | $97.42M | $79.62M | $54.50M | $36.31M | $16.96M | $18.91M | $18.16M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.75% | 0.74% | 1.01% | 0.65% | 1.05% | 0.51% | 1.07% | 0.56% | 0.57% | 0.61% | 0.78% | 1.17% | 1.08% | 1.68% | 1.23% | 1.94% | 1.38% |
Cleveland-Cliffs's average Quarter SG&A projection for Dec 23 is $178.05M, based on 5 Wall Street analysts, with a range of $176.33M to $180.12M. The forecast indicates a 23.65% rise compared to CLF last annual SG&A of $144.00M (Sep 23).
Cleveland-Cliffs EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.52 | $0.68 | $-0.08 | $-0.39 | $0.30 | $1.14 | $1.54 | $1.79 | $2.46 | $1.40 | $0.08 | $0.15 | $-0.02 | $-0.31 | $-0.18 | $0.23 | $0.34 |
| Avg Forecast | $0.58 | $0.58 | $0.57 | $0.57 | $0.23 | $0.22 | $0.20 | $0.20 | $-0.09 | $-0.15 | $-0.01 | $0.22 | $-0.05 | $0.43 | $0.69 | $-0.20 | $-0.34 | $0.49 | $1.32 | $1.46 | $2.11 | $2.22 | $1.50 | $0.35 | $0.20 | $-0.10 | $-0.53 | $-0.18 | $0.25 | $0.29 |
| High Forecast | $0.60 | $0.60 | $0.59 | $0.59 | $0.24 | $0.22 | $0.21 | $0.21 | $-0.09 | $-0.06 | $-0.01 | $0.23 | $-0.01 | $0.63 | $0.71 | $-0.19 | $-0.33 | $0.50 | $1.35 | $1.49 | $2.15 | $2.27 | $1.53 | $0.36 | $0.20 | $-0.10 | $-0.52 | $-0.18 | $0.26 | $0.30 |
| Low Forecast | $0.56 | $0.56 | $0.55 | $0.55 | $0.22 | $0.21 | $0.20 | $0.19 | $-0.10 | $-0.25 | $-0.01 | $0.21 | $-0.09 | $0.25 | $0.66 | $-0.20 | $-0.35 | $0.47 | $1.29 | $1.43 | $2.06 | $2.18 | $1.47 | $0.35 | $0.19 | $-0.10 | $-0.54 | $-0.19 | $0.25 | $0.29 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.21% | 0.98% | 0.42% | 1.13% | 0.61% | 0.86% | 1.05% | 0.85% | 1.11% | 0.93% | 0.23% | 0.75% | 0.20% | 0.59% | 0.98% | 0.91% | 1.16% |
According to 5 Wall Street analysts, Cleveland-Cliffs's projected average Quarter EPS for Dec 23 is $-0.05, with a low estimate of $-0.09 and a high estimate of $-0.01. This represents a -109.02% decrease compared to CLF previous annual EPS of $0.52 (Sep 23).
Cleveland-Cliffs Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| CLF | Cleveland-Cliffs | $11.91 | $19.85 | 66.67% | Buy |
| MT | ArcelorMittal | $22.73 | $36.87 | 62.21% | Buy |
| TX | Ternium | $33.35 | $50.00 | 49.93% | Buy |
| GGB | Gerdau | $3.37 | $5.00 | 48.37% | Buy |
| CMC | Commercial Metals Company | $51.19 | $58.33 | 13.95% | Buy |
| STLD | Steel Dynamics | $112.84 | $128.00 | 13.43% | Hold |
| PKX | POSCO | $69.00 | $77.00 | 11.59% | Hold |
| NUE | Nucor | $143.59 | $159.13 | 10.82% | Hold |
| X | United States Steel | $36.07 | $36.45 | 1.05% | Buy |
| RS | Reliance Steel & Aluminum | $277.90 | $230.00 | -17.24% | Buy |
CLF Forecast FAQ
Is Cleveland-Cliffs a good buy?
Yes, according to 18 Wall Street analysts, Cleveland-Cliffs (CLF) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 50.00% of CLF's total ratings.
What is CLF's price target?
Cleveland-Cliffs (CLF) average price target is $19.85 with a range of $10.13 to $25, implying a 66.67% from its last price of $11.91. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Cleveland-Cliffs stock go up soon?
According to Wall Street analysts' prediction for CLF stock, the company can go up by 66.67% (from the last price of $11.91 to the average price target of $19.85), up by 109.91% based on the highest stock price target, and down by -14.95% based on the lowest stock price target.
Can Cleveland-Cliffs stock reach $20?
CLF's highest twelve months analyst stock price target of $25 supports the claim that Cleveland-Cliffs can reach $20 in the near future.
What is Cleveland-Cliffs's current price target trend?
1 Wall Street analyst forecast a $16.5 price target for Cleveland-Cliffs (CLF) this month, up 38.54% from its last price of $11.91. Compared to the last 3 and 12 months, the average price target increased by 38.54% and increased by 65.99%, respectively.
What are Cleveland-Cliffs's analysts' financial forecasts?
Cleveland-Cliffs's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $20.17B (high $20.6B, low $19.52B), average EBITDA is $3.22B (high $3.29B, low $3.12B), average net income is $404.72M (high $416.04M, low $387.95M), average SG&A $696.48M (high $711.46M, low $674.27M), and average EPS is $0.854 (high $0.878, low $0.818). CLF's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $49.95B (high $51.02B, low $48.36B), average EBITDA is $7.98B (high $8.15B, low $7.73B), average net income is $1.09B (high $1.12B, low $1.05B), average SG&A $1.73B (high $1.76B, low $1.67B), and average EPS is $2.3 (high $2.36, low $2.2).
Did the CLF's actual financial results beat the analysts' financial forecasts?
Based on Cleveland-Cliffs's last annual report (Dec 2022), the company's revenue was $22.99B, beating the average analysts forecast of $22.5B by 2.16%. Apple's EBITDA was $3.18B, missing the average prediction of $5.16B by -38.29%. The company's net income was $1.34B, missing the average estimation of $2.55B by -47.67%. Apple's SG&A was $465M, missing the average forecast of $623.05M by -25.37%. Lastly, the company's EPS was $2.57, missing the average prediction of $2.93 by -12.29%. In terms of the last quarterly report (Sep 2023), Cleveland-Cliffs's revenue was $5.6B, beating the average analysts' forecast of $5.58B by 0.50%. The company's EBITDA was $622M, missing the average prediction of $891.26M by -30.21%. Cleveland-Cliffs's net income was $264M, beating the average estimation of $203.46M by 29.76%. The company's SG&A was $144M, missing the average forecast of $192.61M by -25.24%. Lastly, the company's EPS was $0.52, beating the average prediction of $0.429 by 21.15%