NEW YORK (TheStreet) -- Shares of Cliffs Natural Resources (CLF) - Get Report are dropping 3.99% to $7.70 in early afternoon trading Wednesday ahead of the company's 2016 second quarter results, due out before tomorrow's opening bell.
Analysts are modeling that revenue will decline year-over-year, but that the company will report a profit compared to a loss last year.
Wall Street is expecting the Cleveland-based mining and natural resources company to post earnings of 2 cents per share on revenue of $464.8 million.
During the same period last year, Cliffs Natural said it had a loss of 21 cents per share on revenue of $498.1 million.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CLF