We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
In the latest trading session, VALE S.A. (VALE - Free Report) closed at $9.69, marking a -2.12% move from the previous day. This change lagged the S&P 500's daily loss of 0.4%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, added 0.18%.
Shares of the company witnessed a gain of 0.81% over the previous month, trailing the performance of the Basic Materials sector with its gain of 2.16%, and the S&P 500's gain of 4.97%.
Analysts and investors alike will be keeping a close eye on the performance of VALE S.A. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.39, indicating a 9.3% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.53 billion, indicating a 3.96% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.77 per share and a revenue of $38.71 billion, demonstrating changes of -2.75% and +1.71%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for VALE S.A. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.22% downward. VALE S.A. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, VALE S.A. is currently trading at a Forward P/E ratio of 5.58. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 5.58.
One should further note that VALE currently holds a PEG ratio of 0.32. 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 0.32 as of yesterday's close.
The Mining - Iron industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
VALE S.A. (VALE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, VALE S.A. (VALE - Free Report) closed at $9.69, marking a -2.12% move from the previous day. This change lagged the S&P 500's daily loss of 0.4%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, added 0.18%.
Shares of the company witnessed a gain of 0.81% over the previous month, trailing the performance of the Basic Materials sector with its gain of 2.16%, and the S&P 500's gain of 4.97%.
Analysts and investors alike will be keeping a close eye on the performance of VALE S.A. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.39, indicating a 9.3% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.53 billion, indicating a 3.96% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.77 per share and a revenue of $38.71 billion, demonstrating changes of -2.75% and +1.71%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for VALE S.A. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.22% downward. VALE S.A. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, VALE S.A. is currently trading at a Forward P/E ratio of 5.58. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 5.58.
One should further note that VALE currently holds a PEG ratio of 0.32. 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 0.32 as of yesterday's close.
The Mining - Iron industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.