财务表现 - Cleveland-Cliffs第四季度2023年调整后每股亏损为5美分，较去年同期的40美分亏损更窄，低于Zacks Consensus Estimate的7美分[3] - 第四季度营收约为51.12亿美元，较去年同期增长约1.3%，但营收未达到Zacks Consensus Estimate的51.619亿美元[4] - 全年2023年调整后每股收益为1.07美元，较去年的2.74美元下降，全年营收下降约4.3%至220亿美元[7] 2024年展望 - Cleveland-Cliffs预计2024年钢铁出货量将达到1650万净吨，较2023年的1640万净吨增加[9] - 钢铁单位成本预计每净吨下降约30美元，预计2024年调整后EBITDA将比2023年增加近5亿美元[10] - Cleveland-Cliffs预计2024年资本支出范围在6.75亿至7.25亿美元之间[10] - 公司预计2024年第一季度调整后EBITDA将显著高于2023年第四季度[11]

股价表现 - Cleveland-Cliffs过去一个月的股价表现为+2.9%，而Zacks标普500综合指数为+4%[2] 盈利预期 - 当前季度预计每股盈利为$0.34，同比增长+409.1%[5] - 当前财年盈利预期为$1.95，同比增长+82.2%[6] - 下一个财年盈利预期为$2.47，同比增长+27%[7] 公司评级 - Cleveland-Cliffs的Zacks Rank评级为3 (Hold)，主要受盈利预期修订的影响[8] 盈利超预期 - 公司在过去四个季度中三次超过了盈利预期[13] 估值 - 公司正以折扣价交易，Zacks Value Style Score为A[17]

Sustainability emerges as the defining trend for the future, with clean steel positioned as a key narrative.The surge in demand for steel post-coronavirus crisis, coupled with supply chain disruptions, catapulted steel prices to historic highs in late 2021. While prices moderated, sustained demand from green energy has kept them above historical averages.Consequently, the clean steel movement may address the long-term supply deficit. Legacy steel companies such as ArcelorMittal (NYSE:MT) recently led a $120 ...

Cleveland-Cliffs Inc. (CLF) recently announced its decision to indefinitely idle its tinplate production plant located in Weirton, WV, in April 2024. This action follows the unanimous decision by all four members of the International Trade Commission (ITC) to reject the implementation of anti-dumping and countervailing duties on tin mill products, as determined by the Department of Commerce. Approximately 900 employees will be affected by the move. Cleveland-Cliffs is committed to providing relocation oppor ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it will be indefinitely idling its tinplate production plant located in Weirton, West Virginia in April 2024. The need to idle the Weirton plant is a direct result of the unanimous decision issued by all four members of the International Trade Commission (ITC) negating the implementation of anti-dumping and countervailing duties on tin mill products calculated by the Department of Commerce. A WARN notice is being issued today ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ☐ SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-8944 CLEVELAND-CLIFFS INC. (Exact name of registrant as specified in its charter) Ohio 34-1464672 (State or Other Jurisdiction of (I.R.S. Employe ...

Momentum投资 - Momentum投资是一种与“低买高卖”理念相悖的投资风格[1] - 投资者应当注意快速增长股票的入场时机，以避免过高估值导致投资风险[2] - 通过Zacks Momentum Style Score和'Fast-Paced Momentum at a Bargain'筛选，可以找到具有潜力的股票[3] Cleveland-Cliffs (CLF) - Cleveland-Cliffs (CLF)是一个通过筛选的优质股票，具有快速增长和合理估值[4] - CLF股票过去四周涨幅为5.7%，过去12周涨幅为17.4%，表现强劲[5][6] - CLF股票的beta为2.04，表明其动态性较高[7] - CLF获得了Momentum Score为B和Zacks Rank 2 (Buy)，显示其具有投资潜力[8] - CLF的Price-to-Sales比率为0.45，估值相对便宜[9] - 除了CLF，还有其他股票符合'Fast-Paced Momentum at a Bargain'筛选条件，值得关注[10]

Cleveland-Cliffs (CLF) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this mining company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between ...

财务数据和关键指标变化 - 公司在2023年创造了超过16.4百万吨的总出货量,创历史新高 [25] - 2023年公司调整后EBITDA达到19亿美元 [19] - 2023年第四季度公司调整后EBITDA为2.79亿美元,预计为未来季度的最低值 [19] - 2023年公司自由现金流达到16亿美元,其中第四季度为4.87亿美元 [19] - 2023年末公司净债务降至29亿美元,低于3亿美元的目标 [14][17] 各条业务线数据和关键指标变化 - 公司2023年汽车行业出货量创历史新高 [25] - 公司2023年成本下降80美元/吨,预计2024年还将下降30美元/吨 [18] 各个市场数据和关键指标变化 - 2023年美国钢铁市场需求保持稳定,公司预计2024年出货量将保持16.5百万吨的水平 [81][84] - 公司认为HRC价格不应低于1000美元/吨,预计未来价格区间为1000-1150美元/吨 [104] 公司战略和发展方向及行业竞争 - 公司正在积极推进氢气技术在高炉中的应用,已完成多次试验并取得成功 [27][28] - 公司认为自身的炼铁和炼钢技术在环境排放等方面优于全球前10大钢企 [29][30] - 公司对收购美国钢铁公司的提议被拒,但认为这一交易的最终结果还未定 [35][36][37][39] - 公司未来将继续保持灵活的并购策略,同时加大股票回购力度,并继续偿还债务 [14][15][16] 管理层对经营环境和未来前景的评论 - 管理层认为2024年钢铁市场将更加稳定,不会出现2023年那样的大幅波动 [81] - 管理层认为美国钢铁市场的价格发现机制存在问题,需要让供需关系自然发挥作用 [32][33] - 管理层对公司未来发展前景充满信心,认为公司在技术、成本和环境排放等方面处于行业领先地位 [29][30][31] 问答环节重要的提问和回答 问题1 **Lucas Pipes 提问** 询问公司在收购美国钢铁公司时对于反垄断审查的信心和协议安排 [42] **Lourenco Goncalves 回答** 公司准备了一系列措施来应对反垄断审查,包括出售部分资产等,并对最终方案充满信心 [43][44] 问题2 **Lucas Pipes 提问** 询问公司未来的资本配置策略,是否会采取固定比例的股票回购政策 [48] **Celso Goncalves 回答** 公司未来将采取更加灵活的资本配置策略,股票回购和偿还债务将各占50% [50][51] 问题3 **Timna Tanners 提问** 询问公司对钢材期货价格的看法,以及2024年成本和价格的具体预期 [56][57] **Lourenco Goncalves 回答** 公司认为钢材期货价格缺乏实际意义,未来价格走势将由供需关系决定,2024年成本有望下降30美元/吨 [58][59][60]

Cleveland-Cliffs Inc.’s (CLF) fourth-quarter 2023 adjusted loss was 5 cents per share compared with a loss of 40 cents in the prior-year quarter. It was narrower than the Zacks Consensus Estimate of loss of 7 cents.Revenues increased around 1.3% to $5,112 million from the year-ago quarter. The top line, however, missed the Zacks Consensus Estimate of $5,161.9 million.Operational HighlightsThe company reported Steelmaking revenues of $4,954 million in the fourth quarter, up around 1.1% year over year.The ave ...