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The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $1 million, indicating growth of 39% from the prior-year quarter. The Zacks Consensus Estimate for earnings stands at a loss of 3 cents per share, compared with a loss of 5 cents per share in the year-ago quarter. The estimates have remained stable over the past 30 days.
Q2 Results
In the last reported quarter, Energy Fuels reported revenues of $6 million. The company reported a second-quarter 2022 loss per share of 11 cents, wider than the loss of 8 cents in the second quarter of 2021. The company has a trailing four-quarter negative earnings surprise of 16.7%, on average.
During the first half of 2022, Energy Fuels sold approximately 575,000 pounds of its existing inventory of vanadium, for an average weighted net price of $13.44 per pound. However, subsequent to the quarter’s end, vanadium markets had dropped. The company had thus decided not to sell its inventory, which stood at approximately 1.05 million pounds and resume sales when markets improve again. Considering that vanadium prices were down year over year in the quarter, the company might have held on to its inventory.
Also during the first half of 2022, UUUU entered into three uranium sale and purchase agreements with major U.S. utilities, constituting its first new long-term supply contracts since 2018. Having observed a marked uptick in interest from nuclear utilities seeking long-term uranium supply, the company remains actively engaged in pursuing additional selective long-term uranium sales contracts. Considering the recent price increase for uranium, Energy Fuels might have sold a portion of its inventory on the spot market, to the U.S. Uranium Reserve, or pursuant to term contracts. This is likely to be reflected in the company’s third-quarter results.
Meanwhile, the company has been pursuing new sources of revenues, including its emerging REE business, and new sources of alternate feed materials and alternative fee processing opportunities at the White Mesa Mill that can be processed without reliance on current uranium sales prices. This will likely reflect in the third quarter results.
Energy Fuels has also been seeking new sources of natural monazite sands for its emerging rare earth business, and continues to support the U.S. government activities to assist the U.S. uranium mining industry, including the new U.S. Uranium Reserve Program and other efforts to restore domestic nuclear fuel capabilities.
Higher selling, general and administrative expenses driven by corporate efforts to develop its REE programs might have dented margins in the third quarter. Nevertheless, the company’s ongoing efforts to lower costs are likely to be reflected in the third-quarter bottom line.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Energy Fuels this time around. 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.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Energy Fuels is 0.00%.
Energy Fuel’s shares have declined 28.3% in the past year compared with the industry’s fall of 20.1%.
Stocks Poised to Beat Estimates
Here are some Basic Materials stocks, which, according to, our model, have the right combination of elements to post an earnings beat in their upcoming releases.
Perpetua Resources (PPTA - Free Report) , expected to release earnings on Nov 11, has an Earnings ESP of +50% and sports a Zacks Rank #1.
The consensus estimate for Perpetua Resources’ third-quarter earnings has moved up from a loss of 12 cents per share to 8 cents per share in the past 60 days. The Zacks Consensus Estimate for PPTA’s earnings for the quarter is pegged at a loss of 8 cents per share. PPTA has a trailing four-quarter positive earnings surprise of 5.4%, on average.
Koppers Holdings Inc. (KOP - Free Report) , expected to release earnings on Nov 4, has an Earnings ESP of +2.28% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for Koppers’ third-quarter earnings has been revised 2.6% upward in the past 60 days. The consensus estimate for KOP’s earnings for the quarter is currently pegged at $1.17.
Huntsman Corporation (HUN - Free Report) , scheduled to release earnings on Nov 4, has an Earnings ESP of +3.59%.
The consensus estimate for Huntsman’s third-quarter earnings is currently pegged at 72 cents. HUN currently carries a Zacks Rank #3.
Image: Bigstock
What's in Store for Energy Fuels (UUUU) This Earnings Season?
Energy Fuels Inc. (UUUU - Free Report) is anticipated to report a loss in third-quarter 2022 next week.
Q3 Estimates
The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $1 million, indicating growth of 39% from the prior-year quarter. The Zacks Consensus Estimate for earnings stands at a loss of 3 cents per share, compared with a loss of 5 cents per share in the year-ago quarter. The estimates have remained stable over the past 30 days.
Q2 Results
In the last reported quarter, Energy Fuels reported revenues of $6 million. The company reported a second-quarter 2022 loss per share of 11 cents, wider than the loss of 8 cents in the second quarter of 2021. The company has a trailing four-quarter negative earnings surprise of 16.7%, on average.
Energy Fuels Inc Price and EPS Surprise
Energy Fuels Inc price-eps-surprise | Energy Fuels Inc Quote
Factors to Note
During the first half of 2022, Energy Fuels sold approximately 575,000 pounds of its existing inventory of vanadium, for an average weighted net price of $13.44 per pound. However, subsequent to the quarter’s end, vanadium markets had dropped. The company had thus decided not to sell its inventory, which stood at approximately 1.05 million pounds and resume sales when markets improve again. Considering that vanadium prices were down year over year in the quarter, the company might have held on to its inventory.
Also during the first half of 2022, UUUU entered into three uranium sale and purchase agreements with major U.S. utilities, constituting its first new long-term supply contracts since 2018. Having observed a marked uptick in interest from nuclear utilities seeking long-term uranium supply, the company remains actively engaged in pursuing additional selective long-term uranium sales contracts. Considering the recent price increase for uranium, Energy Fuels might have sold a portion of its inventory on the spot market, to the U.S. Uranium Reserve, or pursuant to term contracts. This is likely to be reflected in the company’s third-quarter results.
Meanwhile, the company has been pursuing new sources of revenues, including its emerging REE business, and new sources of alternate feed materials and alternative fee processing opportunities at the White Mesa Mill that can be processed without reliance on current uranium sales prices. This will likely reflect in the third quarter results.
Energy Fuels has also been seeking new sources of natural monazite sands for its emerging rare earth business, and continues to support the U.S. government activities to assist the U.S. uranium mining industry, including the new U.S. Uranium Reserve Program and other efforts to restore domestic nuclear fuel capabilities.
Higher selling, general and administrative expenses driven by corporate efforts to develop its REE programs might have dented margins in the third quarter. Nevertheless, the company’s ongoing efforts to lower costs are likely to be reflected in the third-quarter bottom line.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Energy Fuels this time around. 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.
You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Energy Fuels is 0.00%.
Zacks Rank: The company currently carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.
Price Performance
Image Source: Zacks Investment Research
Energy Fuel’s shares have declined 28.3% in the past year compared with the industry’s fall of 20.1%.
Stocks Poised to Beat Estimates
Here are some Basic Materials stocks, which, according to, our model, have the right combination of elements to post an earnings beat in their upcoming releases.
Perpetua Resources (PPTA - Free Report) , expected to release earnings on Nov 11, has an Earnings ESP of +50% and sports a Zacks Rank #1.
The consensus estimate for Perpetua Resources’ third-quarter earnings has moved up from a loss of 12 cents per share to 8 cents per share in the past 60 days. The Zacks Consensus Estimate for PPTA’s earnings for the quarter is pegged at a loss of 8 cents per share. PPTA has a trailing four-quarter positive earnings surprise of 5.4%, on average.
Koppers Holdings Inc. (KOP - Free Report) , expected to release earnings on Nov 4, has an Earnings ESP of +2.28% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for Koppers’ third-quarter earnings has been revised 2.6% upward in the past 60 days. The consensus estimate for KOP’s earnings for the quarter is currently pegged at $1.17.
Huntsman Corporation (HUN - Free Report) , scheduled to release earnings on Nov 4, has an Earnings ESP of +3.59%.
The consensus estimate for Huntsman’s third-quarter earnings is currently pegged at 72 cents. HUN currently carries a Zacks Rank #3.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.