We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
VALE S.A. (VALE) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
VALE S.A. (VALE - Free Report) closed the most recent trading day at $16.97, moving +0.53% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 5.91%.
Coming into today, shares of the company had gained 1.44% in the past month. In that same time, the Basic Materials sector lost 1.02%, while the S&P 500 lost 2.59%.
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 $0.65, down 54.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $11.42 billion, down 12.85% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.93 per share and revenue of $43.32 billion. These totals would mark changes of -45.74% and -21.39%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for VALE S.A.Recent revisions tend to reflect the latest 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. The Zacks Consensus EPS estimate has moved 3.08% lower within the past month. VALE S.A. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, VALE S.A. currently has a Forward P/E ratio of 5.77. For comparison, its industry has an average Forward P/E of 8.46, which means VALE S.A. is trading at a discount to the group.
Investors should also note that VALE has a PEG ratio of 1.56 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining - Iron industry currently had an average PEG ratio of 1.56 as of yesterday's close.
The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
VALE S.A. (VALE) Gains As Market Dips: What You Should Know
VALE S.A. (VALE - Free Report) closed the most recent trading day at $16.97, moving +0.53% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 5.91%.
Coming into today, shares of the company had gained 1.44% in the past month. In that same time, the Basic Materials sector lost 1.02%, while the S&P 500 lost 2.59%.
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 $0.65, down 54.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $11.42 billion, down 12.85% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.93 per share and revenue of $43.32 billion. These totals would mark changes of -45.74% and -21.39%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for VALE S.A.Recent revisions tend to reflect the latest 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. The Zacks Consensus EPS estimate has moved 3.08% lower within the past month. VALE S.A. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, VALE S.A. currently has a Forward P/E ratio of 5.77. For comparison, its industry has an average Forward P/E of 8.46, which means VALE S.A. is trading at a discount to the group.
Investors should also note that VALE has a PEG ratio of 1.56 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining - Iron industry currently had an average PEG ratio of 1.56 as of yesterday's close.
The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.