VALE S.A. (VALE) closed the most recent trading day at $9.56, moving +0.95% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.67%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.98%.

The the stock of company has risen by 11.41% in the past month, leading the Basic Materials sector's gain of 6.91% and the S&P 500's gain of 2.07%.

Market participants will be closely following the financial results of VALE S.A. in its upcoming release. The company is forecasted to report an EPS of $0.53, showcasing a 5.36% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $10.08 billion, down 22.81% from the year-ago period.

Investors might also notice recent changes to analyst estimates for VALE S.A. These recent revisions tend to reflect the evolving nature of short-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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. The Zacks Consensus EPS estimate has moved 1.28% lower within the past month. VALE S.A. currently has a Zacks Rank of #3 (Hold).

Looking at valuation, VALE S.A. is presently trading at a Forward P/E ratio of 5.11. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 5.11.

Investors should also note that VALE has a PEG ratio of 0.29 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining - Iron industry had an average PEG ratio of 0.29 as trading concluded yesterday.

The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

VALE S.A. (VALE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research