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Relatively Low Projected Earnings Growth Detected in Shares of Cleveland-Cliffs Inc in the Steel Industry (CLF, RS, SXC, ZEUS, NUE)

By Nick Russo

Below are the three companies in the Steel industry with the lowest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.

Cleveland-Cliffs Inc ranks lowest with a projected earnings growth of 9.0%. Following is Reliance Steel with a projected earnings growth of 55.6%. Suncoke Energy I ranks third lowest with a projected earnings growth of 62.3%.

Olympic Steel follows with a projected earnings growth of 63.6%, and Nucor Corp rounds out the bottom five with a projected earnings growth of 69.3%.

SmarTrend recommended that subscribers consider buying shares of Nucor Corp on June 11th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $51.88. Since that recommendation, shares of Nucor Corp have risen 6.4%. We continue to monitor Nucor Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest projected earnings growth :clf cleveland-cliffs inc Reliance Steel suncoke energy i olympic steel nucor corp

Ticker(s): RS SXC ZEUS NUE