VALE S.A. (VALE) closed the most recent trading day at $14.80, moving +1.09% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.12%.
Coming into today, shares of the company had gained 20.59% in the past month. In that same time, the Basic Materials sector gained 2.24%, while the S&P 500 lost 3.29%.
Investors will be hoping for strength from VALE S.A. as it approaches its next earnings release. The company is expected to report EPS of $0.71, down 38.79% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.52 billion, down 17.04% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.91 per share and revenue of $43.57 billion. These totals would mark changes of -46.11% and -20.94%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for VALE S.A.These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 9.35% lower. VALE S.A. is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, VALE S.A. is currently trading at a Forward P/E ratio of 5.03. This valuation marks a discount compared to its industry's average Forward P/E of 7.26.
Meanwhile, VALE's PEG ratio is currently 1.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Iron industry currently had an average PEG ratio of 1.36 as of yesterday's close.
The Mining - Iron industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 245, putting it in the bottom 3% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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