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Energy Fuels (UUUU) Gains But Lags Market: What You Should Know

Energy Fuels (UUUU) closed at $3.29 in the latest trading session, marking a +1.54% move from the prior day. This change lagged the S&P 500's 2.15% gain on the day. Elsewhere, the Dow gained 2.17%, while the tech-heavy Nasdaq added 2.89%.

Heading into today, shares of the uranium and vanadium miner and developer had gained 4.52% over the past month, outpacing the Basic Materials sector's loss of 3.27% and the S&P 500's loss of 5.16% in that time.

UUUU will be looking to display strength as it nears its next earnings release, which is expected to be November 1, 2018. The company is expected to report EPS of -$0.05, up 28.57% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.65 million, down 51.82% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.16 per share and revenue of $38.25 million. These totals would mark changes of +52.94% and +23.2%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for UUUU. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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. The Zacks Consensus EPS estimate has moved 5.88% higher within the past month. UUUU is holding a Zacks Rank of #1 (Strong Buy) right now.

The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.

The Zacks Industry Rank includes is listed in order 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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