In the latest trading session, Energy Fuels (UUUU) closed at $16.91, marking a +2.36% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.37% for the day. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq increased by 0.71%.
Coming into today, shares of the uranium and vanadium miner and developer had gained 42.91% in the past month. In that same time, the Basic Materials sector gained 5.71%, while the S&P 500 gained 4.26%.
The investment community will be paying close attention to the earnings performance of Energy Fuels in its upcoming release. In that report, analysts expect Energy Fuels to post earnings of -$0.08 per share. This would mark a year-over-year decline of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $9.85 million, up 143.21% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.33 per share and revenue of $40.8 million, which would represent changes of -17.86% and -47.77%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Energy Fuels. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Energy Fuels is currently sporting a Zacks Rank of #3 (Hold).
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 52, placing it within the top 22% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Energy Fuels Inc (UUUU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
