In the latest trading session, Energy Fuels (UUUU) closed at $20.88, marking a -6.97% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.54%. Elsewhere, the Dow saw an upswing of 1.05%, while the tech-heavy Nasdaq appreciated by 0.56%.
Prior to today's trading, shares of the uranium and vanadium miner and developer had gained 34.53% outpaced the Basic Materials sector's gain of 7.23% and the S&P 500's gain of 0.74%.
Analysts and investors alike will be keeping a close eye on the performance of Energy Fuels in its upcoming earnings disclosure. In that report, analysts expect Energy Fuels to post earnings of -$0.07 per share. This would mark year-over-year growth of 63.16%. Meanwhile, the latest consensus estimate predicts the revenue to be $27 million, indicating a 32.36% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.34 per share and a revenue of $56.03 million, demonstrating changes of -21.43% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Energy Fuels. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 290.48% decrease. Currently, Energy Fuels is carrying a Zacks Rank of #3 (Hold).
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 62, putting it in the top 26% 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.
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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