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Energy Fuels (UUUU) Registers a Bigger Fall Than the Market: Important Facts to Note

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Energy Fuels (UUUU - Free Report) closed the most recent trading day at $16.12, moving -2.66% from the previous trading session. This change lagged the S&P 500's daily loss of 0.37%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 1.33%.

Heading into today, shares of the uranium and vanadium miner and developer had lost 8.2% over the past month, lagging the Basic Materials sector's gain of 3.31% and the S&P 500's gain of 2.02%.

Investors will be eagerly watching for the performance of Energy Fuels in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.05, indicating a 50% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $30.2 million, indicating a 617.34% increase compared to the same quarter of the previous year.

UUUU's full-year Zacks Consensus Estimates are calling for earnings of -$0.14 per share and revenue of $143.13 million. These results would represent year-over-year changes of +63.16% and +117.12%, respectively.

It's also important for investors to be aware of any recent modifications to analyst estimates for Energy Fuels. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Energy Fuels possesses a Zacks Rank of #3 (Hold).

The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 169, which puts it in the bottom 31% 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.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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