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Vale SA (VALE)
:VALE
Holding VALE?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.55Last Year’s EPS
0.56Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -15.83%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant achievements in production and cost efficiencies, strategic project execution, and a major settlement agreement. However, challenges in free cash flow generation and market conditions were noted. The positive developments outweighed the negatives.Company Guidance
During Vale's Q3 2024 earnings call, Gustavo Pimenta, the newly appointed CEO, outlined strategic guidance for the company, emphasizing a three-pillar approach to drive future growth. Vale aims to achieve a performance-driven culture by focusing on safety, operational excellence, and cost efficiency, targeting a position at the low end of the industry's global cost curve. The company projects iron ore production in the range of 323 to 330 million tons for 2024, with a high-quality product mix of 80% to 90%. Vale's C1 cash costs for iron ore were reported at $20.6 per ton, a 17% reduction quarter-on-quarter, with expectations to reach the low end of the $21.5 to $23 range for the year. Additionally, the Energy Transition Metals segment showed promising results, especially in copper, where all-in costs decreased by 13% year-on-year, prompting a downward revision of the 2024 cost guidance to between $2,900 and $3,300 per ton. Vale also signed a BRL 170 billion agreement for Samarco's dam collapse reparation, marking a significant milestone in stakeholder relations.Record Iron Ore Production
Vale delivered the highest iron ore production since 2018, with pellet production increasing 13% year-on-year.
Successful Project Execution
The Vargem Grande project started up within budget and one month ahead of schedule, adding 15 million tons of iron ore capacity.
Cost Efficiency Achievements
Iron ore C1 cash costs decreased by 17% quarter-on-quarter and 6% year-on-year, with expectations to reach the lower end of the guidance range.
Copper and Nickel Output Boost
Copper production saw a 30% increase in ore processing at Salobo 1 and 2, and Sudbury mines increased throughput by 20% year-on-year.
Samarco Settlement Agreement
Vale signed a binding settlement for the Samarco Fundão dam collapse, with a total value of BRL 170 billion, reinforcing its commitment to reparation.
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VALE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VALE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $10.42 | $10.80 | +3.65% |
| Jul 25, 2024 | $10.31 | $10.46 | +1.45% |
| Apr 24, 2024 | $11.92 | $11.62 | -2.52% |
| Feb 22, 2024 | $12.46 | $12.42 | -0.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vale SA (VALE) report earnings?
Vale SA (VALE) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Vale SA (VALE) earnings time?
Vale SA (VALE) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VALE EPS forecast?
VALE EPS forecast for the fiscal quarter 2024 (Q4) is 0.55.
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