VALE S.A. (VALE) closed at $11.16 in the latest trading session, marking a +0.81% move from the prior day. This change outpaced the S&P 500's 0.19% loss on the day. At the same time, the Dow lost 0.7%, and the tech-heavy Nasdaq gained 0.04%.

The the stock of company has risen by 1.65% in the past month, lagging the Basic Materials sector's gain of 3.7% and the S&P 500's gain of 1.95%.

Market participants will be closely following the financial results of VALE S.A. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.57, reflecting a 13.64% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.42 billion, showing a 1.89% drop compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.14 per share and revenue of $39.55 billion. These totals would mark changes of +16.94% and -5.34%, respectively, from last year.

Any recent changes to analyst estimates for VALE S.A. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, there's been a 0.68% rise in the Zacks Consensus EPS estimate. VALE S.A. currently has a Zacks Rank of #3 (Hold).

From a valuation perspective, VALE S.A. is currently exchanging hands at a Forward P/E ratio of 5.17. This signifies no noticeable deviation in comparison to the average Forward P/E of 5.17 for its industry.

It's also important to note that VALE currently trades at a PEG ratio of 3.74. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Mining - Iron industry was having an average PEG ratio of 3.74.

The Mining - Iron industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 94, this industry ranks in the top 38% of all industries, numbering over 250.