The most recent trading session ended with VALE S.A. (VALE) standing at $10.37, reflecting a +1.47% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%.

Shares of the company have appreciated by 0.59% over the course of the past month, outperforming the Basic Materials sector's gain of 0.53% and lagging the S&P 500's gain of 4.03%.

The upcoming earnings release of VALE S.A. will be of great interest to investors. On that day, VALE S.A. is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 18.18%. In the meantime, our current consensus estimate forecasts the revenue to be $10.56 billion, indicating a 0.62% decline compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.13 per share and revenue of $40.12 billion. These totals would mark changes of +16.39% and -3.98%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for VALE S.A. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, VALE S.A. holds a Zacks Rank of #3 (Hold).

From a valuation perspective, VALE S.A. is currently exchanging hands at a Forward P/E ratio of 4.8. This signifies no noticeable deviation in comparison to the average Forward P/E of 4.8 for its industry.

Also, we should mention that VALE has a PEG ratio of 3.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Mining - Iron was holding an average PEG ratio of 3.48 at yesterday's closing price.