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Why Uranium Energy (UEC) Outpaced the Stock Market Today
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Uranium Energy (UEC - Free Report) closed at $17.47 in the latest trading session, marking a +1.63% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Prior to today's trading, shares of the uranium mining and exploration company had gained 49.22% outpaced the Basic Materials sector's gain of 8.62% and the S&P 500's gain of 1.57%.
The investment community will be closely monitoring the performance of Uranium Energy in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.06, showcasing a 500% downward movement from the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.1 per share and a revenue of $59.65 million, demonstrating changes of +41.18% and -10.75%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to 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 business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Uranium Energy possesses a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 65, putting it in the top 27% of all 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.
To follow UEC in the coming trading sessions, be sure to utilize Zacks.com.
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Why Uranium Energy (UEC) Outpaced the Stock Market Today
Uranium Energy (UEC - Free Report) closed at $17.47 in the latest trading session, marking a +1.63% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Prior to today's trading, shares of the uranium mining and exploration company had gained 49.22% outpaced the Basic Materials sector's gain of 8.62% and the S&P 500's gain of 1.57%.
The investment community will be closely monitoring the performance of Uranium Energy in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.06, showcasing a 500% downward movement from the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.1 per share and a revenue of $59.65 million, demonstrating changes of +41.18% and -10.75%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to 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 business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Uranium Energy possesses a Zacks Rank of #3 (Hold).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 65, putting it in the top 27% of all 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.
To follow UEC in the coming trading sessions, be sure to utilize Zacks.com.