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VALE S.A. (VALE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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VALE S.A. (VALE - Free Report) closed at $14.84 in the latest trading session, marking a -3.07% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
Coming into today, shares of the company had lost 7.21% in the past month. In that same time, the Basic Materials sector lost 3.56%, while the S&P 500 lost 1.34%.
The investment community will be closely monitoring the performance of VALE S.A. in its forthcoming earnings report. The company is predicted to post an EPS of $0.51, indicating a 2% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $10.65 billion, indicating a 21% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.15 per share and revenue of $41.73 billion, which would represent changes of +18.13% and +8.65%, respectively, from the prior year.
Any recent changes to analyst estimates for VALE S.A. should also be noted by investors. Recent revisions tend to reflect the latest near-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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.51% increase. VALE S.A. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, VALE S.A. currently has a Forward P/E ratio of 7.13. This indicates a discount in contrast to its industry's Forward P/E of 8.16.
The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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VALE S.A. (VALE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
VALE S.A. (VALE - Free Report) closed at $14.84 in the latest trading session, marking a -3.07% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
Coming into today, shares of the company had lost 7.21% in the past month. In that same time, the Basic Materials sector lost 3.56%, while the S&P 500 lost 1.34%.
The investment community will be closely monitoring the performance of VALE S.A. in its forthcoming earnings report. The company is predicted to post an EPS of $0.51, indicating a 2% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $10.65 billion, indicating a 21% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.15 per share and revenue of $41.73 billion, which would represent changes of +18.13% and +8.65%, respectively, from the prior year.
Any recent changes to analyst estimates for VALE S.A. should also be noted by investors. Recent revisions tend to reflect the latest near-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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.51% increase. VALE S.A. is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, VALE S.A. currently has a Forward P/E ratio of 7.13. This indicates a discount in contrast to its industry's Forward P/E of 8.16.
The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.