Cleveland-Cliffs Inc. (CLF) Stock Forecast
CLF analyst forecast
as of October 18, 2026- Analyst consensus
- Hold 3.23 / 5 from 13 analysts
- Price target
- $12.60 average of analyst targets
- Upside to target
- +4.0% from the latest close
- Next earnings
- October 19, 2026 EPS estimate $0.24
- 52-week range
- $7.82 – $16.18
CLF analyst ratings
13 analystsNumber of analysts at each rating.
CLF price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
CLF earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $0.24 | $0.15 | $0.39 | −$0.45 | +153.1% | 7 |
| Current fiscal year (2026) | −$0.17 | −$0.36 | −$0.06 | −$2.48 | +93.0% | 6 |
| Next fiscal year (2027) | $0.95 | $0.22 | $1.55 | −$0.17 | +649.4% | 8 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
CLF revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Sep '26) | $5.72B | $5.63B | $5.80B | +20.8% | 6 |
| Current fiscal year (2026) | $21.58B | $21.28B | $21.83B | +16.0% | 9 |
| Next fiscal year (2027) | $22.51B | $21.31B | $23.57B | +4.3% | 10 |
CLF EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
CLF revenue: reported and forecast
CLF EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Sep '26) | $0.19 | $0.22 | $0.23 | $0.24 | $0.24 | +25.7% | 0 up · 2 down |
| Current fiscal year (2026) | −$0.33 | −$0.20 | −$0.17 | −$0.18 | −$0.17 | −46.9% | 1 up · 0 down |
| Next fiscal year (2027) | $0.38 | $0.59 | $0.74 | $0.93 | $0.95 | +151.7% | 1 up · 0 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
CLF earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; CLF beat in 8 of 12.
What analysts expect from CLF
13 analysts cover Cleveland-Cliffs; their consensus rating is hold (3.23 on a 1–5 scale, where 5 is a strong buy). The average price target is $12.60, 4.0% above the latest close of $12.12. Analysts expect earnings of −$0.17 per share for 2026, +93.0% from a year earlier. For 2027 the average estimate is $0.95 per share on revenue of $22.5 billion. Cleveland-Cliffs beat the EPS estimate in 8 of the last 12 quarters.
Related: CLF income statement, CLF key metrics, CLF chart. See the CLF stock overview for the latest quote and news.
CLF forecast FAQ
What is Cleveland-Cliffs's price target?
The average analyst price target for Cleveland-Cliffs is $12.60, 4.0% above the latest close of $12.12.
Is Cleveland-Cliffs a buy, hold or sell?
Of 13 analysts covering Cleveland-Cliffs, 2 rate it a strong buy, 0 a buy, 10 a hold, 1 a sell and 0 a strong sell, a consensus of hold. Ratings are opinions, not a recommendation from Quotelinks.
What is Cleveland-Cliffs's EPS forecast?
Analysts forecast −$0.17 per share for 2026 (range −$0.36 to −$0.06); for 2027 the estimate is $0.95.
What is Cleveland-Cliffs's revenue forecast?
The average revenue estimate for 2026 is $21.6 billion, growth of 16.0%; for 2027 it is $22.5 billion.
When does Cleveland-Cliffs report earnings?
Cleveland-Cliffs is expected to report results for the quarter ending September 30, 2026 on October 19, 2026 before the market opens; the EPS estimate is $0.24.
Does Cleveland-Cliffs usually beat earnings estimates?
Cleveland-Cliffs reported EPS at or above the analyst estimate in 8 of the last 12 quarters.