Stock Analysis
- Brazil
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- Metals and Mining
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- BOVESPA:VALE3
Vale First Quarter 2024 Earnings: EPS: R$1.93 (vs R$2.14 in 1Q 2023)
Vale (BVMF:VALE3) First Quarter 2024 Results
Key Financial Results
- Revenue: R$41.9b (down 4.4% from 1Q 2023).
- Net income: R$8.29b (down 13% from 1Q 2023).
- Profit margin: 20% (down from 22% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: R$1.93 (down from R$2.14 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vale Earnings Insights
Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Brazil.
Performance of the Brazilian Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Vale is showing 2 warning signs in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About BOVESPA:VALE3
Vale
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally.
Excellent balance sheet established dividend payer.