Energy Fuels (UUUU) closed the most recent trading day at $5.23, moving -0.97% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.16% for the day. Meanwhile, the Dow gained 0.86%, and the Nasdaq, a tech-heavy index, lost 0.38%.
Coming into today, shares of the uranium and vanadium miner and developer had lost 11.56% in the past month. In that same time, the Basic Materials sector lost 10.8%, while the S&P 500 lost 2.2%.
Analysts and investors alike will be keeping a close eye on the performance of Energy Fuels in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0, marking a 100% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $45.25 million, showing a 9527.66% escalation compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for Energy Fuels. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Energy Fuels is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Energy Fuels is currently exchanging hands at a Forward P/E ratio of 72. This represents a premium compared to its industry’s average Forward P/E of 20.8.
The Mining – Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 148, placing it within the bottom 42% of over 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
This article was originally published here.
