Cleveland-Cliffs (CLF) closed at $14.83 in the latest trading session, marking a -0.94% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.Coming into today, shares of the mining company had lost 15.09% in the past month. In that same time, the Basic Materials sector gained 0.51%, while the S&P 500 lost 4.08%.Investors will be hoping for strength from Cleveland-Cliffs as it approaches its next earnings release, which is expected to be October 25, 2022. The company is expected to report EPS of $0.75, down 67.81% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.84 billion, down 2.65% from the prior-year quarter.CLF's full-year Zacks Consensus Estimates are calling for earnings of $4.24 per share and revenue of $23.77 billion. These results would represent year-over-year changes of -27.77% and +16.25%, respectively.Any recent changes to analyst estimates for Cleveland-Cliffs should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.71% lower within the past month. Cleveland-Cliffs currently has a Zacks Rank of #5 (Strong Sell).Digging into valuation, Cleveland-Cliffs currently has a Forward P/E ratio of 3.53. For comparison, its industry has an average Forward P/E of 8.35, which means Cleveland-Cliffs is trading at a discount to the group.The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 137, putting it in the bottom 46% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow CLF in the coming trading sessions, be sure to utilize Zacks.com. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.>>Yes, I Want to Help Protect My Portfolio During the RecessionWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ClevelandCliffs Inc. (CLF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research