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Energy Fuels (UUUU) Outpaces Stock Market Gains: What You Should Know
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Energy Fuels (UUUU - Free Report) closed the most recent trading day at $7.41, moving +0.68% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 6.33%.
Investors will be hoping for strength from Energy Fuels as it approaches its next earnings release. The company is expected to report EPS of -$0.05, down 150% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1 million, down 39.76% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Energy Fuels. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. The Zacks Consensus EPS estimate has moved 68.18% lower within the past month. Energy Fuels is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Energy Fuels is holding a Forward P/E ratio of 52.57. This valuation marks a premium compared to its industry's average Forward P/E of 15.48.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Energy Fuels (UUUU) Outpaces Stock Market Gains: What You Should Know
Energy Fuels (UUUU - Free Report) closed the most recent trading day at $7.41, moving +0.68% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 6.33%.
Investors will be hoping for strength from Energy Fuels as it approaches its next earnings release. The company is expected to report EPS of -$0.05, down 150% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1 million, down 39.76% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Energy Fuels. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. The Zacks Consensus EPS estimate has moved 68.18% lower within the past month. Energy Fuels is currently a Zacks Rank #4 (Sell).
Looking at its valuation, Energy Fuels is holding a Forward P/E ratio of 52.57. This valuation marks a premium compared to its industry's average Forward P/E of 15.48.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 190, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.