2023-07-26 12:04:46 ET
- Vale ( NYSE: VALE ) is scheduled to announce Q2 earnings results on Thursday, July 27th, after market close.
- The consensus EPS Estimate is $0.60 (-54.5% Y/Y) and the consensus Revenue Estimate is $9.97B (-10.7% Y/Y).
- Over the last 3 months, EPS estimates have seen 0 upward revisions and 3 downward. Revenue estimates have seen 1 upward revision and 2 downward.
- VALE reported a 59% fall in Q1 net income from continuing operations, while net operating revenue slid 22% to $8.4B.
- The miner has a Quant Rating of HOLD with a 3.2 rating score
- Wall Street and Seeking Alpha analysts have a BUY rating on the stock
- Seeking Alpha analyst Johnathan Weber earlier this month said the recent fall in Vale stock makes it an inexpensive investment option despite political risks
- Last month, Saudi Arabia's Public Investment Fund emerged as the leading bidder to buy a stake in Vale's nickel and copper operations, Bloomberg reported.
For further details see:
Vale Q2 2023 Earnings Preview