We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Uranium Energy (UEC) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Uranium Energy (UEC - Free Report) closed at $8.46 in the latest trading session, marking a +0.71% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.35%. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 0.17%.
Prior to today's trading, shares of the uranium mining and exploration company had gained 5.53% over the past month. This has outpaced the Basic Materials sector's loss of 4.76% and the S&P 500's gain of 1.69% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Uranium Energy in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.01, marking stability compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.1 million, up 15445.45% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.09 per share and revenue of $104.1 million, which would represent changes of +200% and +46373.21%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Uranium Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 remained unchanged. Uranium Energy is currently a Zacks Rank #3 (Hold).
With respect to valuation, Uranium Energy is currently being traded at a Forward P/E ratio of 93.33. This represents a premium compared to its industry's average Forward P/E of 16.92.
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 174, placing it within the bottom 31% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Uranium Energy (UEC) Outpaces Stock Market Gains: What You Should Know
Uranium Energy (UEC - Free Report) closed at $8.46 in the latest trading session, marking a +0.71% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.35%. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 0.17%.
Prior to today's trading, shares of the uranium mining and exploration company had gained 5.53% over the past month. This has outpaced the Basic Materials sector's loss of 4.76% and the S&P 500's gain of 1.69% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Uranium Energy in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.01, marking stability compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.1 million, up 15445.45% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.09 per share and revenue of $104.1 million, which would represent changes of +200% and +46373.21%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Uranium Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 remained unchanged. Uranium Energy is currently a Zacks Rank #3 (Hold).
With respect to valuation, Uranium Energy is currently being traded at a Forward P/E ratio of 93.33. This represents a premium compared to its industry's average Forward P/E of 16.92.
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 174, placing it within the bottom 31% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.