VALE S.A. (VALE) closed the most recent trading day at $11.01, moving +2.42% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.56%. Meanwhile, the Dow gained 1.29%, and the Nasdaq, a tech-heavy index, added 2.21%.
Prior to today's trading, shares of the company had gained 0.75% outpaced the Basic Materials sector's loss of 2.84% and the S&P 500's gain of 0.41%.
The upcoming earnings release of VALE S.A. will be of great interest to investors. The company is forecasted to report an EPS of $0.46, showcasing a 17.86% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.92 billion, indicating a 3.8% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.76 per share and a revenue of $37.01 billion, signifying shifts of -3.3% and -2.74%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for VALE S.A. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 3.84% fall in the Zacks Consensus EPS estimate. VALE S.A. is currently a Zacks Rank #3 (Hold).
With respect to valuation, VALE S.A. is currently being traded at a Forward P/E ratio of 6.11. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 6.11.
The Mining - Iron industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 93, finds itself in the top 38% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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VALE S.A. (VALE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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