Energy Fuels (UUUU) ended the recent trading session at $23.33, demonstrating a -4.46% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.5%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.43%.
The uranium and vanadium miner and developer's stock has climbed by 74.18% in the past month, exceeding the Basic Materials sector's gain of 10.45% and the S&P 500's gain of 0.18%.
The investment community will be paying close attention to the earnings performance of Energy Fuels in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.07, reflecting a 63.16% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $27 million, indicating a 32.36% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.34 per share and a revenue of $56.03 million, signifying shifts of -21.43% and 0%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Energy Fuels. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 122.22% lower. At present, Energy Fuels boasts a Zacks Rank of #3 (Hold).
The Mining - Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 17, positioning it in the top 7% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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