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Energy Fuels (UUUU) Stock Sinks As Market Gains: Here's Why
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Energy Fuels (UUUU - Free Report) ended the recent trading session at $15.35, demonstrating a -7.08% change from the preceding day's closing price. This change lagged the S&P 500's 0.41% gain on the day. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 0.31%.
Heading into today, shares of the uranium and vanadium miner and developer had gained 42.91% over the past month, outpacing the Basic Materials sector's gain of 4.37% and the S&P 500's gain of 3.15%.
The upcoming earnings release of Energy Fuels will be of great interest to investors. The company is predicted to post an EPS of -$0.08, indicating a 14.29% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $9.85 million, indicating a 143.21% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.33 per share and revenue of $40.8 million, indicating changes of -17.86% and -47.77%, respectively, compared to the previous year.
It is also important to note the 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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, there's been no change in the Zacks Consensus EPS estimate. At present, Energy Fuels boasts a Zacks Rank of #3 (Hold).
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UUUU in the coming trading sessions, be sure to utilize Zacks.com.
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Energy Fuels (UUUU) Stock Sinks As Market Gains: Here's Why
Energy Fuels (UUUU - Free Report) ended the recent trading session at $15.35, demonstrating a -7.08% change from the preceding day's closing price. This change lagged the S&P 500's 0.41% gain on the day. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 0.31%.
Heading into today, shares of the uranium and vanadium miner and developer had gained 42.91% over the past month, outpacing the Basic Materials sector's gain of 4.37% and the S&P 500's gain of 3.15%.
The upcoming earnings release of Energy Fuels will be of great interest to investors. The company is predicted to post an EPS of -$0.08, indicating a 14.29% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $9.85 million, indicating a 143.21% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.33 per share and revenue of $40.8 million, indicating changes of -17.86% and -47.77%, respectively, compared to the previous year.
It is also important to note the 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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, there's been no change in the Zacks Consensus EPS estimate. At present, Energy Fuels boasts a Zacks Rank of #3 (Hold).
The Mining - Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UUUU in the coming trading sessions, be sure to utilize Zacks.com.