Uranium Energy (uec) Stock Moves -0.17%: What You Should Know

In the latest market close, Uranium Energy (UEC) reached $5.98, with a -0.17% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.43%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 0.47%.

Prior to today's trading, shares of the uranium mining and exploration company had lost 24.18% over the past month. This has lagged the Basic Materials sector's gain of 3.69% and the S&P 500's gain of 2.6% in that time.

Investors will be eagerly watching for the performance of Uranium Energy in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0, reflecting a 100% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $41.4 million, up 34400% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.01 per share and a revenue of $119.9 million, indicating changes of +111.11% and +53426.79%, respectively, from the former year.

Investors should also pay attention to any latest changes in analyst estimates for Uranium Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 50% downward. At present, Uranium Energy boasts a Zacks Rank of #3 (Hold).

In the context of valuation, Uranium Energy is at present trading with a Forward P/E ratio of 599. This valuation marks a premium compared to its industry's average Forward P/E of 12.69.

The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 173, positioning it in the bottom 32% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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