• Anticipated improvement in earnings per share (EPS) by 8.8% year-over-year.
• Projected revenue increase of 6.8% year-over-year, indicating positive operational growth.
• Analysts have revised the consensus EPS estimate for CLF downwards by 17.4% over the past 30 days.

Cleveland-Cliffs Inc. (NYSE:CLF) is a prominent player in the mining and natural resources sector, primarily focusing on iron ore and steel production. As the company prepares to release its quarterly earnings on February 9, 2026, Wall Street anticipates an earnings per share (EPS) of -$0.62 and revenue of approximately $4.59 billion.

The expected quarterly loss of $0.62 per share represents an 8.8% improvement from the same period last year. This improvement is noteworthy, as highlighted by Zacks Investment Research, which anticipates that CLF might surpass earnings estimates. The company's projected revenue of $4.62 billion marks a 6.8% year-over-year increase, indicating positive growth in its operations.

Over the past 30 days, analysts have revised the consensus EPS estimate for CLF downwards by 17.4%. This adjustment reflects a reevaluation of the company's financial outlook, which can significantly impact investor sentiment and the stock's short-term price performance. Empirical research suggests a strong link between earnings estimate revisions and stock price movements.

Cleveland-Cliffs' financial metrics reveal some challenges. The company has a negative P/E ratio of -4.07, indicating negative earnings. However, its price-to-sales ratio of 0.42 suggests the stock is valued at less than half of its sales per share. The enterprise value to sales ratio is 0.85, reflecting its valuation relative to sales.

Despite these challenges, CLF's current ratio of 2.04 indicates good short-term financial health, with more than twice the current assets compared to liabilities. However, the debt-to-equity ratio of 1.47 suggests a relatively high level of debt. The upcoming earnings call will be crucial in assessing the sustainability of any immediate price changes and future earnings expectations.