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The most recent trading session ended with Uranium Energy (UEC) standing at $5.93, reflecting a -1.33% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Meanwhile, the Dow experienced a rise of 0.13%, and the technology-dominated Nasdaq saw a decrease of 0.32%.
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The the stock of uranium mining and exploration company has risen by 14.04% in the past month, leading the Basic Materials sector's gain of 2.29% and the S&P 500's gain of 6.43%.
The upcoming earnings release of Uranium Energy will be of great interest to investors. The company's upcoming EPS is projected at -$0.04, signifying a 20% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.10 per share and revenue of $89.78 million. These totals would mark changes of -11.11% and +39978.13%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Uranium Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Uranium Energy holds a Zacks Rank of #2 (Buy).
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 133, putting it in the bottom 47% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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