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VALE S.A. (VALE) Gains As Market Dips: What You Should Know
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VALE S.A. (VALE - Free Report) closed at $14.12 in the latest trading session, marking a +0.07% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Prior to today's trading, shares of the company had gained 14.72% over the past month. This has outpaced the Basic Materials sector's gain of 3.52% and the S&P 500's gain of 2.08% in that time.
Wall Street will be looking for positivity from VALE S.A. as it approaches its next earnings report date. The company is expected to report EPS of $0.57, down 41.84% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $10.7 billion, up 7.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.92 per share and revenue of $39.29 billion, which would represent changes of -46.81% and -10.39%, 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, the Zacks Consensus EPS estimate has moved 1.72% higher. VALE S.A. currently has a Zacks Rank of #5 (Strong Sell).
Investors should also note VALE S.A.'s current valuation metrics, including its Forward P/E ratio of 7.34. This represents a discount compared to its industry's average Forward P/E of 9.4.
The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 252, 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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VALE S.A. (VALE) Gains As Market Dips: What You Should Know
VALE S.A. (VALE - Free Report) closed at $14.12 in the latest trading session, marking a +0.07% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Prior to today's trading, shares of the company had gained 14.72% over the past month. This has outpaced the Basic Materials sector's gain of 3.52% and the S&P 500's gain of 2.08% in that time.
Wall Street will be looking for positivity from VALE S.A. as it approaches its next earnings report date. The company is expected to report EPS of $0.57, down 41.84% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $10.7 billion, up 7.73% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.92 per share and revenue of $39.29 billion, which would represent changes of -46.81% and -10.39%, 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, the Zacks Consensus EPS estimate has moved 1.72% higher. VALE S.A. currently has a Zacks Rank of #5 (Strong Sell).
Investors should also note VALE S.A.'s current valuation metrics, including its Forward P/E ratio of 7.34. This represents a discount compared to its industry's average Forward P/E of 9.4.
The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 252, 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.