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

• Vale SA VALE3 reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of ten analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 33 cents to $1.10 per share.

• Revenue rose 54.8% to $8.46 billion from a year ago; analysts expected $12.90 billion.

• Vale SA's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $1.68 billion.

• Vale SA shares had risen by 4.5% this quarter and lost 14.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 6 "hold" and 1 "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 R$86.00

This summary was machine generated from LSEG data April 25 at 07:08 p.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)