Energy Fuels (UUUU - Free Report) closed at $3.64 in the latest trading session, marking a -1.89% move from the prior day. This move lagged the S&P 500's daily loss of 0.92%. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 1.65%.
Coming into today, shares of the uranium and vanadium miner and developer had gained 15.94% in the past month. In that same time, the Basic Materials sector lost 3.4%, while the S&P 500 lost 2.56%.
UUUU will be looking to display strength as it nears its next earnings release, which is expected to be March 8, 2019. On that day, UUUU is projected to report earnings of -$0.05 per share, which would represent year-over-year growth of 54.55%. Our most recent consensus estimate is calling for quarterly revenue of $8.82 million, up 125.6% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.23 per share and revenue of $37.81 million. These totals would mark changes of +32.35% and +21.78%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for UUUU. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 45.83% lower. UUUU is holding a Zacks Rank of #3 (Hold) right now.
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 215, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.