Vale SA reports results for the quarter ended March 31 - Earnings Summary

• Vale SA VALE3 reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of twelve analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 26 cents to 53 cents per share.

• Revenue fell 4% to $8.12 billion from a year ago; analysts expected $8.06 billion.

• Vale SA's reported EPS for the quarter was 33 cents​.

• The company reported quarterly net income of $1.39 billion.

• Vale SA shares had fallen by 2.3% this quarter and gained 9.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.1% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy"

• Wall Street's median 12-month price target for Vale SA is $12.10

This summary was machine generated from LSEG data April 25 at 11:45 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)