Energy Fuels (UUUU) closed at $9.36 in the latest trading session, marking a +2.18% move from the prior day. This move outpaced the S&P 500's daily loss of 0.01%. Meanwhile, the Dow experienced a drop of 0.32%, and the technology-dominated Nasdaq saw an increase of 0.05%.
Prior to today's trading, shares of the uranium and vanadium miner and developer had gained 58.75% outpaced the Basic Materials sector's gain of 1.67% and the S&P 500's gain of 5.37%.
The investment community will be paying close attention to the earnings performance of Energy Fuels in its upcoming release. The company is expected to report EPS of -$0.04, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.4 million, up 7.8% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.27 per share and a revenue of $45.9 million, indicating changes of +3.57% and -41.24%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Energy Fuels. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.82% rise in the Zacks Consensus EPS estimate. Energy Fuels is currently a Zacks Rank #2 (Buy).
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 41, positioning it in the top 17% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Energy Fuels Inc (UUUU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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