Cleveland-Cliffs (CLF) Jumps 36.4% on EPS Revision and Strong Q3 Outlook

Today’s top performers include Cleveland-Cliffs (CLF) surging 36.4% after its EPS growth estimate was raised 36.7 percentage points to 235.3%, reinforced by a strong Q2 earnings report and Q3 guidance that projects more than doubling EBITDA. Chegg (CHGG) and Grandstand (GRSD) rose 20.7% and 15.4% respectively on upward EPS revisions to 50.0% and 91.7%, while AMC Entertainment and Genius Sports each gained 14.1% on estimate upgrades and record-breaking results.

Ticker Sector Detected EPS Revision Gain Since Detection
CLFBasic Materials2026-07-20+36.7pp+36.4%
CHGGConsumer Defensive2026-07-19N/A+20.7%
GRSDConsumer Cyclical2026-07-23N/A+15.4%
GENICommunication Services2026-07-22+1.4pp+14.1%
AMCCommunication Services2026-07-21+14.2pp+14.1%

Why did CLF stock jump in July 2026?

CLF jumped 36.4% (from $8.98 to $12.25) after analysts raised its forward EPS growth estimate from 198.6% to 235.3% on July 20.

The revision, a 36.7 percentage point boost, was validated on July 23 when Cleveland-Cliffs reported Q2 adjusted EBITDA tripling to $286 million and guided Q3 EBITDA to more than double to $575 million. The steelmaker benefited from automotive volume recovery, Section 232 tariffs, and lower costs, driving its best quarter in two years and positive free cash flow.

FAQ: CLF

Why did CLF stock jump in July 2026?

CLF stock surged 36.4% after its forward EPS growth estimate was raised from 198.6% to 235.3% on July 20, followed by a strong Q2 earnings report on July 23 showing adjusted EBITDA tripled to $286 million and a Q3 guidance of $575 million.

Is CLF a buy after the rally?

The upward EPS revision and robust Q3 outlook suggest continued momentum, but investors should consider the stock's 36.4% gain since July 20 and current leverage targets aiming for sub 2.5 times by next year.

What caused Cleveland-Cliffs' Q2 earnings beat?

Cleveland-Cliffs benefited from higher steel prices, lower unit costs, improved automotive shipments at two-year highs, and trade policies like Section 232 that boosted domestic steel utilization.

Why did CHGG stock jump in July 2026?

CHGG jumped 20.7% (from $0.82 to $0.99) after its forward EPS growth estimate was revised to 50.0% on July 19.

The revision signals improving expectations for the education technology company, which has faced headwinds from AI competition. With no earnings news in the detection window, the move appears driven solely by the estimate upgrade and possible sector rotation into consumer defensive names.

FAQ: CHGG

Why did CHGG stock jump in July 2026?

CHGG stock rose 20.7% after its forward EPS growth estimate was revised upward to 50.0% on July 19, lifting the stock from $0.82 to $0.99.

Is Chegg a buy after the EPS revision?

The upward revision suggests analysts see a turnaround, but Chegg's low price and lack of recent earnings news warrant caution; the revision alone drove the 20.7% gain.

What is Chegg's EPS growth estimate for next year?

Chegg's forward EPS growth estimate for next year stands at 50.0%, revised upward on July 19 according to the screener.

Why did GRSD stock jump in July 2026?

GRSD jumped 15.4% (from $1.69 to $1.95) after its forward EPS growth estimate was revised to 91.7% on July 23.

The sports and gaming intelligence company announced it will report Q2 results on August 13, adding anticipation. The estimate revision reflects growing confidence in Grandstand's data and media business, with brands like OddsJam and RotoWire powering its growth.

FAQ: GRSD

Why did Grandstand (GRSD) stock jump recently?

GRSD stock gained 15.4% from $1.69 to $1.95 after its forward EPS growth estimate was revised to 91.7% on July 23, ahead of its Q2 earnings report on August 13.

What is Grandstand's EPS growth estimate?

Grandstand's forward EPS growth estimate for next year is 91.7%, revised upward on July 23.

When is GRSD's next earnings report?

Grandstand will report its 2026 second quarter results on August 13 after market close, with a conference call at 4:30 p.m. ET.

Why did GENI stock jump in July 2026?

GENI jumped 14.1% (from $6.37 to $7.27) after analysts raised its forward EPS growth estimate from 1069.9% to 1071.2% on July 22.

While the revision was only 1.4 percentage points, it reflects continued optimism in Genius Sports' sports data and technology platform. The stock also benefited from broader positive sentiment in the communication services sector, as highlighted by analyst upgrades for Rivian and General Motors in related industries.

FAQ: GENI

Why did Genius Sports (GENI) stock jump in July 2026?

GENI stock rose 14.1% after its forward EPS growth estimate was raised slightly from 1069.9% to 1071.2% on July 22, supported by favorable sector trends.

Is GENI a buy after the rally?

The upward revision, though small, combined with strong growth estimates and positive sector analyst calls, suggests momentum; however, the high growth rate is from a low base.

What is Genius Sports' EPS growth estimate for next year?

Genius Sports' forward EPS growth estimate for next year is 1071.2%, revised upward from 1069.9% on July 22.

Why did AMC stock jump in July 2026?

AMC jumped 14.1% (from $2.20 to $2.51) after analysts raised its forward EPS growth estimate from 42.0% to 56.2% on July 21.

The revision was reinforced on July 20 when AMC reported record Q2 revenue of $1.6 billion and all-time high adjusted EBITDA of $321.4 million, driven by blockbuster summer releases. CEO Adam Aron highlighted the company's 106-year best quarter, with domestic ticket revenue outpacing industry growth and European attendance surging 18%.

FAQ: AMC

Why did AMC stock jump in July 2026?

AMC stock rose 14.1% after its forward EPS growth estimate was raised from 42.0% to 56.2% on July 21, followed by a record Q2 earnings report showing $1.6 billion revenue and $321.4 million adjusted EBITDA.

What caused AMC's record Q2 results?

AMC benefited from major summer releases like 'The Super Mario Galaxy Movie' and 'The Odyssey,' leading to 11.4% domestic ticket revenue growth and 18% European attendance growth.

Is AMC a buy after the earnings beat?

The record results and upward EPS revision support the stock, but investors should consider AMC's high debt and history of dilution; the 14.1% gain since July 21 reflects improved fundamentals.

The broad-based gains driven by upward EPS revisions suggest strong conviction in earnings recovery across sectors, particularly in basic materials and consumer cyclicals, as companies benefit from favorable macro tailwinds such as tariffs, automotive demand, and blockbuster entertainment releases.

How We Identify These Stocks

We track daily changes in forward EPS estimates across thousands of US equities. When a stock's next-year earnings growth estimate is revised upward — confirmed by improvement in current-year estimates — it enters our watchlist. The stocks above were flagged on their detection dates and have since delivered the strongest price returns among all detected stocks.

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