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Why the Market Dipped But Uranium Energy (UEC) Gained Today
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Uranium Energy (UEC - Free Report) closed the latest trading day at $5.19, indicating a +0.58% change from the previous session's end. The stock outpaced the S&P 500's daily loss of 0.39%. Meanwhile, the Dow experienced a drop of 0.27%, and the technology-dominated Nasdaq saw a decrease of 0.38%.
Coming into today, shares of the uranium mining and exploration company had gained 8.4% in the past month. In that same time, the Basic Materials sector gained 4.65%, while the S&P 500 gained 13.07%.
The investment community will be paying close attention to the earnings performance of Uranium Energy in its upcoming release. On that day, Uranium Energy is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 20%.
UEC's full-year Zacks Consensus Estimates are calling for earnings of -$0.10 per share and revenue of $89.78 million. These results would represent year-over-year changes of -11.11% and +39978.13%, respectively.
Investors might also notice recent changes to analyst estimates for Uranium Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Uranium Energy boasts a Zacks Rank of #2 (Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 156, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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Why the Market Dipped But Uranium Energy (UEC) Gained Today
Uranium Energy (UEC - Free Report) closed the latest trading day at $5.19, indicating a +0.58% change from the previous session's end. The stock outpaced the S&P 500's daily loss of 0.39%. Meanwhile, the Dow experienced a drop of 0.27%, and the technology-dominated Nasdaq saw a decrease of 0.38%.
Coming into today, shares of the uranium mining and exploration company had gained 8.4% in the past month. In that same time, the Basic Materials sector gained 4.65%, while the S&P 500 gained 13.07%.
The investment community will be paying close attention to the earnings performance of Uranium Energy in its upcoming release. On that day, Uranium Energy is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 20%.
UEC's full-year Zacks Consensus Estimates are calling for earnings of -$0.10 per share and revenue of $89.78 million. These results would represent year-over-year changes of -11.11% and +39978.13%, respectively.
Investors might also notice recent changes to analyst estimates for Uranium Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Uranium Energy boasts a Zacks Rank of #2 (Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 156, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.