Mining giant Vale S.A.’s (VALE - Free Report) fourth-quarter 2018 earnings of 73 cents per share surpassed the Zacks Consensus Estimate of 62 cents. The reported figure also marked a substantial improvement from the 15 cents registered in the prior-year quarter.
For 2018, earnings came in at $1.32 per share, which lagged the Zacks Consensus Estimate of $1.45. However, the bottom line came in higher than the year-ago tally of $1.06 per share.
Revenues
Net operating revenues rose 7% year over year to $9.8 million but fell short of the Zacks Consensus Estimate of $10.7 million.
VALE S.A. Price, Consensus and EPS Surprise
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 >>
Mining giant Vale S.A.’s (VALE - Free Report) fourth-quarter 2018 earnings of 73 cents per share surpassed the Zacks Consensus Estimate of 62 cents. The reported figure also marked a substantial improvement from the 15 cents registered in the prior-year quarter.
For 2018, earnings came in at $1.32 per share, which lagged the Zacks Consensus Estimate of $1.45. However, the bottom line came in higher than the year-ago tally of $1.06 per share.
Revenues
Net operating revenues rose 7% year over year to $9.8 million but fell short of the Zacks Consensus Estimate of $10.7 million.
VALE S.A. Price, Consensus and EPS Surprise
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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