Energy Fuels (UUUU) ended the recent trading session at $5.59, demonstrating a -4.12% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.95%.
Coming into today, shares of the uranium and vanadium miner and developer had gained 8.77% in the past month. In that same time, the Basic Materials sector gained 1.51%, while the S&P 500 gained 3.85%.
Investors will be eagerly watching for the performance of Energy Fuels in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.04, indicating constancy compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.7 million, indicating a 0.23% decrease compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.28 per share and revenue of $41.4 million, indicating changes of 0% and -47%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Energy Fuels. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Energy Fuels currently has a Zacks Rank of #4 (Sell).
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 18% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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