Uranium Energy (UEC) ended the recent trading session at $10.22, demonstrating a -1.06% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.32%. Elsewhere, the Dow gained 1.04%, while the tech-heavy Nasdaq added 0.14%.
The uranium mining and exploration company's stock has climbed by 47.99% in the past month, exceeding the Basic Materials sector's gain of 0.91% and the S&P 500's gain of 3.08%.
The investment community will be closely monitoring the performance of Uranium Energy in its forthcoming earnings report. The company's upcoming EPS is projected at -$0.03, signifying steadiness compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.17 per share and a revenue of $79.65 million, indicating changes of -88.89% and 0%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Uranium Energy. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 a 44.44% fall in the Zacks Consensus EPS estimate. Uranium Energy is currently sporting a Zacks Rank of #5 (Strong Sell).
The Mining – Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 36% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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