U.S. Markets open in 3 hrs 55 mins

What Upside Is Priced into Analysts’ Q2 2018 Estimates for CLF?

Annie Gilroy
What Upside Is Priced into Analysts’ Q2 2018 Estimates for CLF?

Wall Street analysts expect Cleveland-Cliffs (CLF) to generate revenue of $642 million in the second quarter, which implies a rise of 12.8% YoY (year-over-year). As we discussed earlier, US steel prices have been skyrocketing lately. This development should also support the realized prices of US steelmakers (SLX) AK Steel (AKS), U.S. Steel Corporation (X), and ArcelorMittal (MT).