In the latest close session, Energy Fuels (UUUU) was down 4.45% at $11.60. This move lagged the S&P 500's daily loss of 0.76%. Meanwhile, the Dow experienced a drop of 0.68%, and the technology-dominated Nasdaq saw a decrease of 1.13%.
Shares of the uranium and vanadium miner and developer witnessed a loss of 23.98% over the previous month, trailing the performance of the Basic Materials sector with its loss of 5.25%, and the S&P 500's gain of 1.26%.
The upcoming earnings release of Energy Fuels will be of great interest to investors. The company is forecasted to report an EPS of -$0.05, showcasing a 28.57% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $37.6 million, up 112.31% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.25 per share and revenue of $136.4 million, indicating changes of +34.21% and +106.91%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Energy Fuels. 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 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Energy Fuels boasts a Zacks Rank of #5 (Strong Sell).
The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 12% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Energy Fuels Inc (UUUU): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).