Energy Fuels (UUUU) got here out with a quarterly lack of $0.08 per share versus the Zacks Consensus Estimate of a lack of $0.05. This compares to lack of $0.05 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -60%. 1 / 4 in the past, it was anticipated that this uranium and vanadium miner and developer would submit a lack of $0.05 per share when it truly produced a lack of $0.04, delivering a shock of 20%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Power Fuels, which belongs to the Zacks Mining – Non Ferrous business, posted revenues of $0.35 million for the quarter ended March 2021, lacking the Zacks Consensus Estimate by 41.17%. This compares to year-ago revenues of $0.39 million. The corporate has not been capable of beat consensus income estimates during the last 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Power Fuels shares have added about 27% for the reason that starting of the 12 months versus the S&P 500’s acquire of 8.2%.
What’s Subsequent for Power Fuels?
Whereas Power Fuels has outperformed the market to this point this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Power Fuels was combined. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You may see the entire listing of as we speak’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.05 on $0.6 million in revenues for the approaching quarter and -$0.18 on $7.55 million in revenues for the present fiscal 12 months.
Traders needs to be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Mining – Non Ferrous is presently within the high 36% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Power Fuels Inc (UUUU): Free Inventory Evaluation Report
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