VALE S.A. (VALE - Free Report) closed the most recent trading day at $16.96, moving +1.31% from the previous trading session. This change outpaced the S&P 500's 0.09% loss on the day. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq lost 0.6%.
Heading into today, shares of the company had lost 3.79% over the past month, lagging the Basic Materials sector's gain of 4.28% and the S&P 500's gain of 4.45% in that time.
VALE will be looking to display strength as it nears its next earnings release. In that report, analysts expect VALE to post earnings of $1.07 per share. This would mark year-over-year growth of 1428.57%. Our most recent consensus estimate is calling for quarterly revenue of $13.84 billion, up 98.58% from the year-ago period.
VALE's full-year Zacks Consensus Estimates are calling for earnings of $4.33 per share and revenue of $55.39 billion. These results would represent year-over-year changes of +105.21% and +38.41%, respectively.
Investors might also notice recent changes to analyst estimates for VALE. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 14.24% higher. VALE is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note VALE's current valuation metrics, including its Forward P/E ratio of 3.86. Its industry sports an average Forward P/E of 4.38, so we one might conclude that VALE is trading at a discount comparatively.
Also, we should mention that VALE has a PEG ratio of 0.15. 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. VALE's industry had an average PEG ratio of 0.15 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 1, which puts it in the top 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow VALE in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
VALE S.A. (VALE - Free Report) closed the most recent trading day at $16.96, moving +1.31% from the previous trading session. This change outpaced the S&P 500's 0.09% loss on the day. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq lost 0.6%.
Heading into today, shares of the company had lost 3.79% over the past month, lagging the Basic Materials sector's gain of 4.28% and the S&P 500's gain of 4.45% in that time.
VALE will be looking to display strength as it nears its next earnings release. In that report, analysts expect VALE to post earnings of $1.07 per share. This would mark year-over-year growth of 1428.57%. Our most recent consensus estimate is calling for quarterly revenue of $13.84 billion, up 98.58% from the year-ago period.
VALE's full-year Zacks Consensus Estimates are calling for earnings of $4.33 per share and revenue of $55.39 billion. These results would represent year-over-year changes of +105.21% and +38.41%, respectively.
Investors might also notice recent changes to analyst estimates for VALE. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 14.24% higher. VALE is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note VALE's current valuation metrics, including its Forward P/E ratio of 3.86. Its industry sports an average Forward P/E of 4.38, so we one might conclude that VALE is trading at a discount comparatively.
Also, we should mention that VALE has a PEG ratio of 0.15. 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. VALE's industry had an average PEG ratio of 0.15 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 1, which puts it in the top 1% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow VALE in the coming trading sessions, be sure to utilize Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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