"Cleveland-Cliffs reported a Q1 FY2026 adjusted loss of $0.40 per share, which beat the Street's estimate of a loss of $0.416 per share. The progress is real, but it's still a loss, and investors appear unwilling to reward the stock for simply losing less money."
"The full-year 2025 picture adds context. Cleveland-Cliffs posted a net loss of $1.4 billion on revenue of $18.6 billion, down from $19.2 billion in 2024. Gross profit, operating income, and net income were all negative in Q4."
"Beyond the numbers, investors are scrutinizing management's strategic direction. The most closely watched item is the company's proposed partnership with POSCO, which Cleveland-Cliffs CEO Lourenco Goncalves has called the company's 'number one strategic priority.'"
"Analyst consensus reflects that caution. Nine of twelve covering analysts rate the stock a Hold, with two Buys and one Sell. Morgan Stanley upgraded to Overweight, while GLJ Research maintained a Sell with a $9.42 price target."
Cleveland-Cliffs stock dropped 5% after reporting a Q1 FY2026 adjusted loss of $0.40 per share, beating expectations but still reflecting a loss. Year-to-date, the stock is down 30%. The company reported a net loss of $1.4 billion on revenue of $18.6 billion for the full year 2025. Investors are also concerned about management's strategic direction, particularly a proposed partnership with POSCO, which remains uncertain. Analyst ratings show caution, with most recommending a Hold on the stock.
Read at 24/7 Wall St.
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