Energy Fuels (UUUU) ended the recent trading session at $3.68, demonstrating a -1.34% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.38%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, added 0.87%.
Shares of the uranium and vanadium miner and developer witnessed a loss of 1.84% over the previous month, trailing the performance of the Basic Materials sector with its gain of 0.05% and outperforming the S&P 500's loss of 5.59%.
Market participants will be closely following the financial results of Energy Fuels in its upcoming release. It is anticipated that the company will report an EPS of -$0.05, marking a 350% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $15.2 million, indicating a 40.23% decline compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.14 per share and revenue of $72.27 million. These totals would mark changes of +50% and -7.49%, respectively, from last year.
Any recent changes to analyst estimates for Energy Fuels should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, the Zacks Consensus EPS estimate remained stagnant. Right now, Energy Fuels possesses a Zacks Rank of #5 (Strong Sell).
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 203, positioning it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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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