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VALE S.A. (VALE) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, VALE S.A. (VALE - Free Report) closed at $10.17, marking a -1.07% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.69%. Elsewhere, the Dow saw a downswing of 0.55%, while the tech-heavy Nasdaq depreciated by 0.82%.
Shares of the company witnessed a gain of 4.37% over the previous month, trailing the performance of the Basic Materials sector with its gain of 9.38%, and outperforming the S&P 500's gain of 3.79%.
Investors will be eagerly watching for the performance of VALE S.A. in its upcoming earnings disclosure. The company is expected to report EPS of $0.45, down 19.64% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $10.27 billion, indicating a 7.53% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.69 per share and revenue of $37.95 billion. These totals would mark changes of -7.14% and -0.29%, respectively, from last year.
Any recent changes to analyst estimates for VALE S.A. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 moved 0.71% lower. VALE S.A. is holding a Zacks Rank of #4 (Sell) right now.
From a valuation perspective, VALE S.A. is currently exchanging hands at a Forward P/E ratio of 6.08. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 6.08.
The Mining - Iron industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 235, placing it within the bottom 5% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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VALE S.A. (VALE) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, VALE S.A. (VALE - Free Report) closed at $10.17, marking a -1.07% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.69%. Elsewhere, the Dow saw a downswing of 0.55%, while the tech-heavy Nasdaq depreciated by 0.82%.
Shares of the company witnessed a gain of 4.37% over the previous month, trailing the performance of the Basic Materials sector with its gain of 9.38%, and outperforming the S&P 500's gain of 3.79%.
Investors will be eagerly watching for the performance of VALE S.A. in its upcoming earnings disclosure. The company is expected to report EPS of $0.45, down 19.64% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $10.27 billion, indicating a 7.53% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.69 per share and revenue of $37.95 billion. These totals would mark changes of -7.14% and -0.29%, respectively, from last year.
Any recent changes to analyst estimates for VALE S.A. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 moved 0.71% lower. VALE S.A. is holding a Zacks Rank of #4 (Sell) right now.
From a valuation perspective, VALE S.A. is currently exchanging hands at a Forward P/E ratio of 6.08. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 6.08.
The Mining - Iron industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 235, placing it within the bottom 5% of over 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.