Vale's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Vale (NYSE:VALE) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $0.94. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting accordingly. Shares are currently trading at $13.37, down 20.92% over the last year. Investors are keen on both the earnings outcome and the company's future guidance.
February 21, 2024 | 2:00 pm
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NEUTRAL IMPACT
Vale is expected to report an EPS of $0.94 for the upcoming quarter. Historical data shows its stock price is sensitive to earnings performance and guidance. Currently trading at $13.37, down 20.92% over the last year.
Given Vale's mixed past earnings performance and the current downward trend in its stock price, the upcoming earnings report and guidance are crucial. The stock's reaction to past earnings suggests a potentially volatile response. However, the exact direction is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100