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The most recent trading session ended with Uranium Energy (UEC) standing at $4.84, reflecting a +1.68% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 2.51%. On the other hand, the Dow registered a gain of 2.66%, and the technology-centric Nasdaq increased by 2.71%.
Prior to today's trading, shares of the uranium mining and exploration company had lost 13.92% over the past month. This has lagged the Basic Materials sector's loss of 5.46% and the S&P 500's loss of 8.86% in that time.
Market participants will be closely following the financial results of Uranium Energy in its upcoming release. On that day, Uranium Energy is projected to report earnings of -$0.04 per share, which would represent year-over-year growth of 20%.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.10 per share and a revenue of $89.78 million, representing changes of -11.11% and +39978.13%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Uranium Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Uranium Energy is currently a Zacks Rank #4 (Sell).
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 151, placing it within the bottom 40% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.