Earnings Outlook For Vale

Vale (NYSE:VALE) is gearing up to announce its quarterly earnings on Thursday, 2024-10-24. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Vale will report an earnings per share (EPS) of $0.54.

Anticipation surrounds Vale's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.20, leading to a 1.5% increase in the share price on the subsequent day.

Here's a look at Vale's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.45

0.46

0.96

0.62

EPS Actual

0.65

0.39

0.56

0.66

Price Change %

1.0%

2.0%

-0.0%

4.0%

Vale Share Price Analysis

Shares of Vale were trading at $10.62 as of October 22. Over the last 52-week period, shares are down 19.8%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Insights Shared by Analysts on Vale

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Vale.

With 3 analyst ratings, Vale has a consensus rating of Outperform. The average one-year price target is $15.5, indicating a potential 45.95% upside.

Comparing Ratings with Peers

The following analysis focuses on ...