Yahoo Finance Why the Market Dipped But Uranium Energy (UEC) Gained Today
Uranium Energy (UEC) closed the most recent trading day at $6.66, moving +0.6% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.46%. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 0.64%.
Coming into today, shares of the uranium mining and exploration company had lost 1.19% in the past month. In that same time, the Basic Materials sector lost 1.93%, while the S&P 500 lost 3.04%.
The investment community will be closely monitoring the performance of Uranium Energy in its forthcoming earnings report. The company is predicted to post an EPS of $0.01, indicating a 150% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $21 million, showing a 3.86% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.08 per share and a revenue of $55 million, representing changes of +900% and -66.54%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Uranium Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. At present, Uranium Energy boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Uranium Energy is holding a Forward P/E ratio of 88.27. This expresses a premium compared to the average Forward P/E of 16.03 of its industry.
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 37% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Uranium Energy Corp. (UEC) : Free Stock Analysis Report
