Energy Fuels (UUUU) closed at $10.33 in the latest trading session, marking a -8.24% move from the prior day. This change lagged the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
The uranium and vanadium miner and developer's stock has dropped by 22.98% in the past month, falling short of the Basic Materials sector's loss of 6.74% and the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of Energy Fuels in its upcoming release. In that report, analysts expect Energy Fuels to post earnings of -$0.05 per share. This would mark year-over-year growth of 28.57%. Meanwhile, our latest consensus estimate is calling for revenue of $37.6 million, up 112.31% from the prior-year quarter.
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.
Any recent changes to analyst estimates for Energy Fuels should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Energy Fuels currently has a Zacks Rank of #5 (Strong Sell).
The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 223, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Energy Fuels Inc (UUUU): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).