Analysts’ Expectations for Rio Tinto’s Earnings

Rio Tinto (RIO) (TRQ) stock had returned 12.7% year-to-date as of June 7. Similar to BHP Billiton (BHP) stock, it fell 2.6% in the first quarter this year. As commodity prices firmed, the miners’ stocks picked up in April. The company has reignited its efforts to reduce costs and increase productivity. These efforts, along with balance sheet improvement and buoyant commodity prices, have significantly improved RIO’s prospects. Let’s look at the company’s revenue and earnings estimates.