Cliffs Natural Resources Inc (NYSE:CLF) soared 4.39% or +0.40 points during previous trade after opening at the price of $9.14, a total of 17,432,800 shares exchanged hands compared with its average trading volume of 14.69M shares. The stock has a market capitalization of $2.20B and it has 230.60M outstanding shares.
According to consensus agreement of 7 analysts Cliffs Natural Resources Inc (NYSE:CLF) will report earnings per share of $0.23 in their quarterly report and it is expected to announce the company’s results on 2/9/17 Before Market Open. The stock added almost 47.1% in price since last earning report, when its share price was $6.20. For the current quarter the company has highest EPS estimates of $0.36 and low forecast is $0.01. However a year ago for the same quarter the company has reported $-0.14 earnings per share.
Earnings reaction history indicates that share price went up 14 times out of last 28 quarters. In Cliffs Natural Resources Inc (NYSE:CLF)’s last 12 earnings reports, it has beaten EPS estimates 75% of the time. However it has meet the estimates 0 time and missed 3 times.
If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 9/2016, the consensus mean EPS was $0.19 while Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.02 EPS on 10/27/2016 Before Market Open with a difference of -0.21 marking a surprise factor of 110.53%. The stock’s next day closing price was $5.07 with the loss of -18.23% in its share price. On seventh day of the earnings report price change of the stock was -11.77%.
Previously for the quarter ended on 6/2016, Cliffs Natural Resources Inc (NYSE:CLF)’s expected mean EPS was $0.02, the company reported its quarterly earnings per share of $0.06 on 7/28/2016 Before Market Open, beating the analysts’ consensus estimate by 0.04 with surprise factor of 200.00%. The stock’s closing price was $8.09 with the gain of 3.06% in its share price on the day following the earning announcement. However price change of the stock was 2.80% on seventh day of the earnings report.
Cliffs Natural Resources Inc (NYSE:CLF)’s mean EPS estimate was $-0.29 for the quarter ended on 3/2016, while it reported EPS of $-0.07 on 4/28/2016 Before Market Open, beating the analysts’ consensus estimate by 0.22 with surprise factor of 75.86%. On next day when data was publically announced, the stock’s closing price was $5.39 with 25.06% gain in its share price. On seventh day of the earnings report price change of the stock was down -1.62%.
Back on 1/27/2016 the company’s estimated EPS value was $-0.32 and it reported $-0.14 earnings per share (EPS) for the quarter ended on 12/2015. The company posted a positive surprise factor of 56.25% by 0.18.
Average EPS forecast for the current year is $0.71 according to 4 analysts making projections for Cliffs Natural Resources Inc (NYSE:CLF). The most expectant earnings per share estimate of the stock is set at $0.87 while the conservative estimates kept at $0.56 over the current year. Having a look at the historical EPS report, the company attained $-0.81 EPS for the previous year. While revenue estimates for the current year is $2.04B, Cliffs Natural Resources Inc (NYSE:CLF) setting the highest revenues estimates of $2.1B and indicating lowest revenues at $1.95B according to agreement of 5 number of analysts. Current quarter revenue movements show that, the company has set average revenue estimates of $675.24M covering forecast of 4 analysts. The company indicates a peak revenue level of $699M and $622.2M at bottom level.
Having a glance at growth estimates of the company, it has current quarter growth estimates of 264.30% whereas for next quarter it has -74.20% estimations over growth. Its forecasts over growth are 187.70% during current year while analysts’ growth estimation for the next year is 31.00%. Past 5 years growth of Cliffs Natural Resources Inc (NYSE:CLF) observed at -53.81%, and for the next five years the analysts that follow this company are expecting its growth at 5.00%.
Cliffs Natural Resources Inc (NYSE:CLF) reached at $9.52 price level during last trade its distance from 20 days simple moving average is 4.83%, and its distance from 50 days simple moving average is 3.54% while it has a distance of 44.17% from the 200 days simple moving average. One year trading price range hit the peak level of $10.90 and touched the lowest level of $1.66. The company’s distance from 52-week high price is -12.66% and current price is above +473.49% from 52-week low price.