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VALE S.A. (VALE) Beats Stock Market Upswing: What Investors Need to Know
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In the latest close session, VALE S.A. (VALE - Free Report) was up +1.02% at $10.86. The stock exceeded the S&P 500, which registered a gain of 0.41% for the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.31%.
Heading into today, shares of the company had gained 4.57% over the past month, outpacing the Basic Materials sector's gain of 4.37% and the S&P 500's gain of 3.15%.
Market participants will be closely following the financial results of VALE S.A. in its upcoming release. On that day, VALE S.A. is projected to report earnings of $0.44 per share, which would represent a year-over-year decline of 21.43%. Simultaneously, our latest consensus estimate expects the revenue to be $10.28 billion, showing a 7.63% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.69 per share and a revenue of $37.79 billion, indicating changes of -7.14% and -0.71%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for VALE S.A. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. VALE S.A. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that VALE S.A. has a Forward P/E ratio of 6.36 right now. This represents no noticeable deviation compared to its industry average Forward P/E of 6.36.
The Mining - Iron industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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VALE S.A. (VALE) Beats Stock Market Upswing: What Investors Need to Know
In the latest close session, VALE S.A. (VALE - Free Report) was up +1.02% at $10.86. The stock exceeded the S&P 500, which registered a gain of 0.41% for the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.31%.
Heading into today, shares of the company had gained 4.57% over the past month, outpacing the Basic Materials sector's gain of 4.37% and the S&P 500's gain of 3.15%.
Market participants will be closely following the financial results of VALE S.A. in its upcoming release. On that day, VALE S.A. is projected to report earnings of $0.44 per share, which would represent a year-over-year decline of 21.43%. Simultaneously, our latest consensus estimate expects the revenue to be $10.28 billion, showing a 7.63% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.69 per share and a revenue of $37.79 billion, indicating changes of -7.14% and -0.71%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for VALE S.A. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. VALE S.A. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that VALE S.A. has a Forward P/E ratio of 6.36 right now. This represents no noticeable deviation compared to its industry average Forward P/E of 6.36.
The Mining - Iron industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.