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Uranium Energy (UEC) Surpasses Market Returns: Some Facts Worth Knowing
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Uranium Energy (UEC - Free Report) closed at $5.25 in the latest trading session, marking a +1.35% move from the prior day. This change outpaced the S&P 500's 0.75% gain on the day. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 1%.
Prior to today's trading, shares of the uranium mining and exploration company had gained 9.51% over the past month. This has outpaced the Basic Materials sector's gain of 0.53% and the S&P 500's gain of 4.03% in that time.
The upcoming earnings release of Uranium Energy will be of great interest to investors. Meanwhile, the latest consensus estimate predicts the revenue to be $27 million, indicating a 30.68% decrease compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for Uranium Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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 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. Within the past 30 days, our consensus EPS projection has moved 28% lower. Right now, Uranium Energy possesses a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Uranium Energy is currently exchanging hands at a Forward P/E ratio of 57.56. This represents a premium compared to its industry's average Forward P/E of 13.44.
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 29% 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.
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Uranium Energy (UEC) Surpasses Market Returns: Some Facts Worth Knowing
Uranium Energy (UEC - Free Report) closed at $5.25 in the latest trading session, marking a +1.35% move from the prior day. This change outpaced the S&P 500's 0.75% gain on the day. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 1%.
Prior to today's trading, shares of the uranium mining and exploration company had gained 9.51% over the past month. This has outpaced the Basic Materials sector's gain of 0.53% and the S&P 500's gain of 4.03% in that time.
The upcoming earnings release of Uranium Energy will be of great interest to investors. Meanwhile, the latest consensus estimate predicts the revenue to be $27 million, indicating a 30.68% decrease compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for Uranium Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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 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. Within the past 30 days, our consensus EPS projection has moved 28% lower. Right now, Uranium Energy possesses a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Uranium Energy is currently exchanging hands at a Forward P/E ratio of 57.56. This represents a premium compared to its industry's average Forward P/E of 13.44.
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 29% 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.