In the latest trading session, Uranium Energy (UEC) closed at $9.66, marking a -8.87% move from the previous day. This move lagged the S&P 500's daily loss of 0.59%. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq lost 1.46%.
The uranium mining and exploration company's shares have seen an increase of 32.5% over the last month, surpassing the Basic Materials sector's gain of 2.44% and the S&P 500's gain of 2.49%.
The investment community will be paying close attention to the earnings performance of Uranium Energy in its upcoming release. The company's upcoming EPS is projected at -$0.03, signifying steadiness compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.17 per share and revenue of $79.65 million, which would represent changes of -88.89% and 0%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Uranium Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 44.44% decrease. Uranium Energy is holding a Zacks Rank of #5 (Strong Sell) right now.
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Uranium Energy Corp. (UEC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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