Cleveland-Cliffs Inc. CLFis scheduled to release first-quarter 2018 results before the opening bell on Apr 20.
Last quarter, the company delivered a positive earnings surprise of 73.3% by posting adjusted earnings of 26 cents per share, which comfortably surpassed the Zacks Consensus Estimate of 15 cents.
However, sales declined roughly 20.3% year over year to $601 million in the fourth quarter, missing the Zacks Consensus Estimate of $637 million.
Notably, Cleveland-Cliffs beat the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average negative surprise of 7.8%.
Can the company surprise investors again or is it heading for a possible pullback? Let’s see how things are shaping up for this announcement.