Why Energy Fuels (UUUU) Outpaced the Stock Market Today

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Energy Fuels (UUUU) closed at $5.40 in the latest trading session, marking a +1.84% move from the prior day. This move outpaced the S&P 500's daily gain of 0.28%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.15%.

Shares of the uranium and vanadium miner and developer have appreciated by 7.94% over the course of the past month, outperforming the Basic Materials sector's gain of 1.99% and the S&P 500's gain of 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 -$0.05, marking a 150% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.1 million, indicating a 53.59% decrease compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates project earnings of -$0.11 per share and a revenue of $50.3 million, demonstrating changes of +8.33% and +32.62%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Energy Fuels. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Energy Fuels is currently a Zacks Rank #3 (Hold).

The Mining - Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 38% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our 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.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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