Cleveland Cliffs Inc (CLF)

[Saving Grace]

EXPECTED FOR CLIFFS NATURAL RESOURCES INC. (NYSE:CLF) SALES OF $1899.04

Listen people, that is in millions! meaning one billion 899 million!

The last article I posted had Cliffs at 583.1 million meaning the estimate has more than tripled and what did I say earlier, that it would quadruple within 2 years? Hell, it's going to quadruple by the end of this year.

We are in for a banner year, check this out!

The average annual sales estimate for Cliffs Natural Resources Inc. (NYSE:CLF) is $1899.04 and the median is $1899.04 as anticipated by 2 analysts for the period ended 4.

Sales forecasting is an important element in piloting business. The practicality that good estimating provides can support firms develop and enhance strategic plans by increasing knowledge of the industry. The forecast that sales force offers is the information source that enables firms to manage virtually all elements of business.

The highest sales estimate is $2144.6 and lowest sales projection is $1653.48. This shows standard deviation of $347.274.

Continuous improvement is an objective of many businesses. By estimating sales and continually reviewing the process to increase the accuracy, firms can improve different aspects of business performance.

The sales estimate upgrade over the past week is 2 while the downgrade count is 2. Compared to the past week, the change in mean estimate is 0%.

Anticipating sales gives firms the information they need to estimate profit and revenue. Having good forecasting data at firm’s disposal offers the ability to discover possibilities to enhance both net income and revenue.

Having a control on the estimated production rates for business makes it feasible for firms to have improved control of internal operations. By estimating future sales, firms can make decisions related to hiring, marketing and expansion.

The sales estimate upgrade over the past month is 2 while the downgrade count is 2. Compared to the past month, the change in mean estimate is 0%.

The sales estimate upgrade over the last 3-months is 2 while the downgrade count is 2. Compared to the last 3-months, the change in mean is 19.184%.

Sales Surprises

Prior to sales figure announcement, the mean sales forecast was $1899.04 based on 2 calls. The actual GAAP sales number was reported to be $496.2, showing deviation of $59.5, or 13.624%. The released estimates showed a standard deviation of $347.274.

www.investornewswire.com/analyst-views/expected-for-cliffs-natural-resources-inc-nyseclf-sales-of-1899-04-2/167222/