VALE S.A. (VALE) closed the most recent trading day at $13.60, moving -0.66% from the previous trading session. This move lagged the S&P 500's daily loss of 0.57%. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 1.04%.
Heading into today, shares of the company had gained 9.78% over the past month, outpacing the Basic Materials sector's loss of 0.72% and the S&P 500's gain of 0.64% in that time.
Wall Street will be looking for positivity from VALE S.A. as it approaches its next earnings report date. In that report, analysts expect VALE S.A. to post earnings of $0.56 per share. This would mark a year-over-year decline of 42.86%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.57 billion, up 6.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.92 per share and revenue of $39.29 billion. These totals would mark changes of -46.81% and -10.39%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for VALE S.A.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.72% higher. VALE S.A. is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, VALE S.A. is currently trading at a Forward P/E ratio of 7.12. This represents a discount compared to its industry's average Forward P/E of 8.93.
The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 251, which puts it in the bottom 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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