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Here's Why Energy Fuels (UUUU) Fell More Than Broader Market
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In the latest trading session, Energy Fuels (UUUU - Free Report) closed at $9.42, marking a -2.54% move from the previous day. This change lagged the S&P 500's 0.02% loss on the day. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 0.15%.
Coming into today, shares of the uranium and vanadium miner and developer had lost 21.72% in the past month. In that same time, the Basic Materials sector lost 5.62%, while the S&P 500 gained 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of Energy Fuels in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.05, reflecting a 28.57% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $37.6 million, reflecting a 112.31% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.25 per share and a revenue of $136.4 million, representing changes of +34.21% and +106.91%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Energy Fuels. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. As of now, Energy Fuels holds 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 173, which puts it in the bottom 30% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Here's Why Energy Fuels (UUUU) Fell More Than Broader Market
In the latest trading session, Energy Fuels (UUUU - Free Report) closed at $9.42, marking a -2.54% move from the previous day. This change lagged the S&P 500's 0.02% loss on the day. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 0.15%.
Coming into today, shares of the uranium and vanadium miner and developer had lost 21.72% in the past month. In that same time, the Basic Materials sector lost 5.62%, while the S&P 500 gained 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of Energy Fuels in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.05, reflecting a 28.57% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $37.6 million, reflecting a 112.31% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.25 per share and a revenue of $136.4 million, representing changes of +34.21% and +106.91%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Energy Fuels. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. As of now, Energy Fuels holds 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 173, which puts it in the bottom 30% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.