VALE S.A. (VALE) closed the most recent trading day at $12.11, moving -0.33% from the previous trading session. This move lagged the S&P 500's daily gain of 0.47%. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.74%.
Prior to today's trading, shares of the company had lost 12.15% over the past month. This has lagged the Basic Materials sector's gain of 6.26% and the S&P 500's gain of 7.71% in that time.
Wall Street will be looking for positivity from VALE as it approaches its nex t earnings report date. The company is expected to report EPS of $0.59, up 63.89% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.67 billion, up 16.43% from the year-ago period.
Investors should also note any recent changes to analyst estimates for VALE. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 past month, the Zacks Consensus EPS estimate has moved 5.58% higher. VALE is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that VALE has a Forward P/E ratio of 6.62 right now. This valuation marks a discount compared to its industry's average Forward P/E of 7.03.
The Mining - Iron industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.