- Vale ( NYSE: VALE ) is scheduled to announce Q4 earnings results on Thursday, February 16th, after market close.
- The consensus EPS Estimate is $0.61 and the consensus Revenue Estimate is $11.39B (-13.1% Y/Y).
- Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 0 upward revisions and 3 downward.
- The company on Oct. 27 posted Q3 net income of $4.45B, or $0.98/share, easily topping the forecast of $0.57/share, but revenue of $9.93B missed the consensus estimate of $10.2B.
- VALE has a Quant rating of HOLD, with a 3.46 rating score.
- VALE has an industry ranking of 11 out of 28 in the steel sector, as per SA's Quant ranking.
- Wall Street analysts rate the VALE stock BUY , while most Seeking Alpha Authors rate it HOLD.
- Recent analysis from our contributors: Vale: Upside Risk From Cosan Take Over Gambit by Ricardo Fernandez.
- Vale: H2 2023 May Spark The Recovery Of Iron Ore Prices by Juxtaposed Ideas.
- Vale: Waiting For Clarity On Base Metals Deal by The Methodical Investor.
- Earlier this month, RBC Capital downgraded VALE to Sector Perform from Outperform with a $15 price target, trimmed from $16, saying the miner's Q4 production results were largely in line but lagging performance in base metals drives a drop in 2023 estimates.
- VALE stock rose nearly 28% in 2022, while the benchmark S&P 500 index slipped nearly 20% .
For further details see:
Vale Q4 2022 Earnings Preview