Cliffs Natural Resources Q1 2016 Earnings Preview: Decline In Iron Ore Prices To Negatively Impact Results

-12.05%
Downside
22.74
Market
20.00
Trefis
CLF: Cleveland-Cliffs logo
CLF
Cleveland-Cliffs

We expect Cliffs’ Q1 earnings to deteriorate on a year-over-year basis due to the decline in iron ore prices over the course of the last year. Lower average iron ore prices in 2016, as reflected by our revenue per ton estimates for Cliffs’ two divisions, will negatively impact the division’s results in Q1.

CLF Pre-Earnings 1

Have more questions about Cliffs Natural Resources? See the links below.

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Cliffs Natural Resources

 

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