VALE Stock Gains As Broader Markets Fall; Q4 Earnings Estimates Show Over 50% EPS Growth
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VALE S.A. (VALE) stock closed higher while broader markets fell. VALE gained 0.57% while the S&P 500 lost 0.19%.
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VALE stock has lagged the Basic Materials sector and S&P 500 over the past month, losing 7.22% vs sector gain of 4.67% and S&P gain of 3.18%.
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For Q4 earnings, analysts estimate VALE will report $0.62 EPS (up 51.22% YoY) on $9.65B revenue (up 14.45% YoY).
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For fiscal 2022, consensus estimates forecast VALE EPS of $2.60 (up 42.08% YoY) and revenue of $42.77B (up 2.35% YoY).
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VALE currently has a Zacks Rank #3 (Hold). The Mining - Iron industry ranks in the top 37% out of 250+ industries.