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Denison Mine (DNN) to Report Q4 Earnings: What's in Store?
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Denison Mine Corp (DNN - Free Report) is expected to report a loss in its upcoming fourth-quarter 2021 results. The Zacks Consensus Estimate for the fourth-quarter bottom line is currently pegged at a loss of 1 cent per share. The estimate has remained unchanged over the past 30 days. The company reported break-even earnings per share in the fourth quarter of 2020.
Q3 Results
Denison Mine reported a year-over-year improvement in both adjusted earnings per share and revenues. The bottom line beat the Zacks Consensus Estimate. The company has a trailing four-quarter earnings surprise of 250%, on average.
Denison Mine’s revenues in the fourth quarter are expected to reflect higher mill production at McClean Lake. Toll milling revenues are expected to be higher in the to-be-reported quarter owing to higher uranium prices. An increase in activity at certain care and maintenance sites might have driven the Closed Mines services segment’s revenues in the quarter to be reported. However, the termination of the Management Services Agreement with UPC in the third quarter of 2021 might have weighed on the to-be-reported quarter performance.
The company is expected to have witnessed higher general and administrative expenses in the fourth quarter mainly due to an increase in employee costs. Operating expenses at the Mining segment are expected to have been higher in the fourth quarter due to higher processing activity at the McClean Lake mill. At the Closed Mine Services segment, operating expenses are likely to have been higher due to an increase in activity at certain care and maintenance sites. The company expected higher exploration expenditure predominantly due to an increase in costs related to exploration programs at its Ford Lake and Wheeler River properties. All of these factors are expected to have impacted the company’s fourth-quarter bottom line.
What Our Model Unveils
Our proven Zacks model does not conclusively predict a beat for Denison Mines this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here, as you will see below.
Earnings ESP: Denison Mines has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DNN currently carries a Zacks Rank #3.
Price Performance
Shares of the company have gained 28.1% in the past year against the industry’s decline of 0.6%.
Image Source: Zacks Investment Research
Stocks Poised to Beat Earnings Estimates
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this season:
The company is scheduled to report fourth-quarter fiscal 2021 results on Mar 8, before the market opens. The Zacks Consensus Estimate for the company’s quarterly revenues is pegged at $3.31 billion, indicating growth of 6% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for DICK’s Sporting’s bottom line has moved up 0.3% over the past 30 days and is pegged at $3.39 per share. The consensus mark for earnings suggests an increase of 39.5% from the year-ago reported figure. DKS has a trailing four-quarter earnings surprise of 104%, on average.
Ulta Beauty (ULTA - Free Report) currently has an Earnings ESP of +1.15% and a Zacks Rank #3.
Ulta Beauty is scheduled to report fourth-quarter fiscal 2021 numbers on Mar 10, after the closing bell. The Zacks Consensus Estimate for the company’s quarterly revenues is pegged at $2.70 billion, which indicates an improvement of 22.9% from the prior-year quarter.
The Zacks Consensus Estimate for Ulta Beauty’s earnings per share for the fourth quarter is pegged at $4.50, which suggests an increase of 32% from the year-ago quarter’s reported figure. The consensus estimate has moved up 0.4% over the past 30 days. ULTA has a trailing four-quarter earnings surprise of 75.9%, on average.
Costco Wholesale (COST - Free Report) currently has an Earnings ESP of +0.75% and a Zacks Rank of 3. It is scheduled to report second-quarter fiscal 2022 numbers on Mar 3, after the market closes. The Zacks Consensus Estimate for its quarterly revenues is pegged at $51 billion, which suggests growth of 14% from the prior-year reported figure.
The Zacks Consensus Estimate for Costco’s quarterly earnings per share of $2.67 suggests growth of 25% from the year-ago period’s reported number. The consensus estimate has been revised upward by 1% over the past 30 days. COST has a trailing four-quarter earnings surprise of 8.3%, on average.
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Denison Mine (DNN) to Report Q4 Earnings: What's in Store?
Denison Mine Corp (DNN - Free Report) is expected to report a loss in its upcoming fourth-quarter 2021 results. The Zacks Consensus Estimate for the fourth-quarter bottom line is currently pegged at a loss of 1 cent per share. The estimate has remained unchanged over the past 30 days. The company reported break-even earnings per share in the fourth quarter of 2020.
Q3 Results
Denison Mine reported a year-over-year improvement in both adjusted earnings per share and revenues. The bottom line beat the Zacks Consensus Estimate. The company has a trailing four-quarter earnings surprise of 250%, on average.
Denison Mine Corp Price and EPS Surprise
Denison Mine Corp price-eps-surprise | Denison Mine Corp Quote
Factors to Note
Denison Mine’s revenues in the fourth quarter are expected to reflect higher mill production at McClean Lake. Toll milling revenues are expected to be higher in the to-be-reported quarter owing to higher uranium prices. An increase in activity at certain care and maintenance sites might have driven the Closed Mines services segment’s revenues in the quarter to be reported. However, the termination of the Management Services Agreement with UPC in the third quarter of 2021 might have weighed on the to-be-reported quarter performance.
The company is expected to have witnessed higher general and administrative expenses in the fourth quarter mainly due to an increase in employee costs. Operating expenses at the Mining segment are expected to have been higher in the fourth quarter due to higher processing activity at the McClean Lake mill. At the Closed Mine Services segment, operating expenses are likely to have been higher due to an increase in activity at certain care and maintenance sites. The company expected higher exploration expenditure predominantly due to an increase in costs related to exploration programs at its Ford Lake and Wheeler River properties. All of these factors are expected to have impacted the company’s fourth-quarter bottom line.
What Our Model Unveils
Our proven Zacks model does not conclusively predict a beat for Denison Mines this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here, as you will see below.
Earnings ESP: Denison Mines has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DNN currently carries a Zacks Rank #3.
Price Performance
Shares of the company have gained 28.1% in the past year against the industry’s decline of 0.6%.
Image Source: Zacks Investment Research
Stocks Poised to Beat Earnings Estimates
Here are some companies worth considering as our model shows that these have the right combination of elements to beat on earnings this season:
DICK'S Sporting Goods (DKS - Free Report) currently has an Earnings ESP of +4.86% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is scheduled to report fourth-quarter fiscal 2021 results on Mar 8, before the market opens. The Zacks Consensus Estimate for the company’s quarterly revenues is pegged at $3.31 billion, indicating growth of 6% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for DICK’s Sporting’s bottom line has moved up 0.3% over the past 30 days and is pegged at $3.39 per share. The consensus mark for earnings suggests an increase of 39.5% from the year-ago reported figure. DKS has a trailing four-quarter earnings surprise of 104%, on average.
Ulta Beauty (ULTA - Free Report) currently has an Earnings ESP of +1.15% and a Zacks Rank #3.
Ulta Beauty is scheduled to report fourth-quarter fiscal 2021 numbers on Mar 10, after the closing bell. The Zacks Consensus Estimate for the company’s quarterly revenues is pegged at $2.70 billion, which indicates an improvement of 22.9% from the prior-year quarter.
The Zacks Consensus Estimate for Ulta Beauty’s earnings per share for the fourth quarter is pegged at $4.50, which suggests an increase of 32% from the year-ago quarter’s reported figure. The consensus estimate has moved up 0.4% over the past 30 days. ULTA has a trailing four-quarter earnings surprise of 75.9%, on average.
Costco Wholesale (COST - Free Report) currently has an Earnings ESP of +0.75% and a Zacks Rank of 3. It is scheduled to report second-quarter fiscal 2022 numbers on Mar 3, after the market closes. The Zacks Consensus Estimate for its quarterly revenues is pegged at $51 billion, which suggests growth of 14% from the prior-year reported figure.
The Zacks Consensus Estimate for Costco’s quarterly earnings per share of $2.67 suggests growth of 25% from the year-ago period’s reported number. The consensus estimate has been revised upward by 1% over the past 30 days. COST has a trailing four-quarter earnings surprise of 8.3%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.