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VALE S.A. (VALE) Stock Sinks As Market Gains: What You Should Know
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VALE S.A. (VALE - Free Report) closed the most recent trading day at $13.77, moving -1.92% from the previous trading session. This change lagged the S&P 500's 0.93% gain on the day. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 1.71%.
Coming into today, shares of the company had gained 1.89% in the past month. In that same time, the Basic Materials sector lost 1.54%, while the S&P 500 gained 4.61%.
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 $0.62, down 29.55% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.32 billion, down 7.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.43 per share and revenue of $39.78 billion, which would represent changes of -32.69% and -9.26%, respectively, from the prior year.
Any recent changes to analyst estimates for VALE S.A. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. The Zacks Consensus EPS estimate has moved 8.99% lower within the past month. VALE S.A. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, VALE S.A. is holding a Forward P/E ratio of 5.78. For comparison, its industry has an average Forward P/E of 7.39, which means VALE S.A. is trading at a discount to the group.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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VALE S.A. (VALE) Stock Sinks As Market Gains: What You Should Know
VALE S.A. (VALE - Free Report) closed the most recent trading day at $13.77, moving -1.92% from the previous trading session. This change lagged the S&P 500's 0.93% gain on the day. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 1.71%.
Coming into today, shares of the company had gained 1.89% in the past month. In that same time, the Basic Materials sector lost 1.54%, while the S&P 500 gained 4.61%.
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 $0.62, down 29.55% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.32 billion, down 7.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.43 per share and revenue of $39.78 billion, which would represent changes of -32.69% and -9.26%, respectively, from the prior year.
Any recent changes to analyst estimates for VALE S.A. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. The Zacks Consensus EPS estimate has moved 8.99% lower within the past month. VALE S.A. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, VALE S.A. is holding a Forward P/E ratio of 5.78. For comparison, its industry has an average Forward P/E of 7.39, which means VALE S.A. is trading at a discount to the group.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.