Wall Street analysts expect Cleveland-Cliffs (CLF) to post quarterly loss of $0.30 per share in its upcoming report, which indicates a year-over-year decline of 155.6%. Revenues are expected to be $4.76 billion, down 15% from the year-ago quarter.

The consensus EPS estimate for the quarter has been revised 13.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

Bearing this in mind, let's now explore the average estimates of specific Cleveland-Cliffs metrics that are commonly monitored and projected by Wall Street analysts.

The consensus estimate for 'Revenues- Other Businesses' stands at $158.46 million. The estimate indicates a change of -2.2% from the prior-year quarter.

According to the collective judgment of analysts, 'Revenues- Steelmaking' should come in at $4.61 billion. The estimate suggests a change of -15.2% year over year.

Analysts predict that the 'Revenues- Steelmaking- Coated steel' will reach $1.53 billion. The estimate indicates a change of -12.3% from the prior-year quarter.

The collective assessment of analysts points to an estimated 'Revenues- Steelmaking- Slab and other steel products' of $289.66 million. The estimate points to a change of -10% from the year-ago quarter.

The combined assessment of analysts suggests that 'External Sales Volumes- Steel Products' will likely reach 3,980.92 Ton. Compared to the present estimate, the company reported 4,106 Ton in the same quarter last year.

Analysts' assessment points toward 'Average net selling price per net ton of steel products' reaching $1,046.27. The estimate is in contrast to the year-ago figure of $1,203.

The average prediction of analysts places 'Volumes - Steelmaking - Coated steel' at 1,187.04 Ton. Compared to the present estimate, the company reported 1,239 Ton in the same quarter last year.