Uranium Energy (UEC) ended the recent trading session at $5.25, demonstrating a -1.13% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.15% for the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the uranium mining and exploration company had gained 13.95% over the past month, outpacing the Basic Materials sector's loss of 1.29% and the S&P 500's loss of 0.21% in that time.
The upcoming earnings release of Uranium Energy will be of great interest to investors. In that report, analysts expect Uranium Energy to post earnings of -$0.04 per share. This would mark year-over-year growth of 20%.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.10 per share and a revenue of $89.78 million, indicating changes of -11.11% and +39978.13%, respectively, from the former year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Uranium Energy. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Uranium Energy is currently a Zacks Rank #4 (Sell).
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 148, placing it within the bottom 41% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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