Cliffs Natural Resources Earnings Preview: Can This Streak Finally End?

Cliffs Natural Resources (NYSE:CLF) will report earnings after markets close on Wednesday, April 24th. Cliffs Natural Resources Inc. is a diversified mining and natural resources company. The Company mines for iron ore and coal in locations across North America, South America, and Australia.

Here is your Cheat Sheet to Cliffs Natural Resources Earnings:

Earnings Expectations: Analysts expect earnings of $0.32 per share on revenues of $1.19 billion.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.79 to a profit $0.52. For the current year, the average estimate is a profit of $1.77, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Cliffs Natural Resources has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,609 2,342 4,484 6,564 5,873
Diluted EPS ($) 5.08 1.63 7.49 11.48 -6.32

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 1,486 1,265 1,626 1,545 1,437
Diluted EPS ($) 1.30 2.63 1.81 0.59 -11.35

Past Performance:
Cliffs Natural Resources has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)