Energy Fuels (YUUU) reports Q1 loss, tops revenue estimates


Energy Fuels (UUUU) reported a quarterly loss of $0.01 per share, compared to the Zacks Consensus Estimate of $0.53. This compares to a loss of $0.09 per share a year ago. These figures have been adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -101.89%. A quarter ago, it had expected this uranium and vanadium miner and developer to post a loss of $0.05 per share, when it actually lost $0.11, a surprise -120% decline.

Over the last four quarters, the company has not been able to beat the consensus EPS estimates.

energy fuel, which belongs to the Zacks Mining-Nonferrous industry, posted revenue of $19.61M for the quarter ending March 2023, beating the Zacks Consensus Estimate by 0.58%. This compares to a year-ago revenue of $2.94 million. The company has topped consensus revenue estimates twice in the last four quarters.

The sustainability of the stock’s immediate price movement will depend mostly on management’s commentary on the earnings call based on recently released numbers and future earnings expectations.

Shares of Energy Fuels are down about 8.5% since the start of the year while the S&P 500 is up 5.8%.

What’s next for energy fuels?

While Energy Fuels has underperformed the market so far this year, the question on investors’ minds is: What’s next for the stock?

There’s no easy answer to this important question, but one reliable measure that can help investors figure it out is a company’s earnings outlook. It includes not only consensus earnings expectations for the coming quarters, but also how those expectations have changed recently.

Empirical research shows a strong correlation between trends in near-term stock movements and earnings estimate revisions. Investors can track such revisions themselves or rely on tried-and-tested ratings tools such as Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

beyond this point earnings releaseEstimate revision trend for Energy Fuels: Mixed. While the magnitude and direction of the estimate revision may change following the company’s recently released earnings report, the current position translates to a Zacks Rank #3 (Hold) for the stock. Hence, the shares are expected to perform in line with the market in the near future. you can see Full list of today’s Zacks #1 Ranked (Strong Buy) stocks here,

It will be interesting to see how the estimates for the coming quarters and the current financial year change in the coming days. The current consensus EPS estimate is -$0.05 on $1 million in revenue for the coming quarter and $0.16 on $51 million in revenue for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can also have an impact on a stock’s performance. In terms of Zacks Industry Rank, Mining – Nonferrous currently ranks in the top 25% of over 250 Zacks industries. Our research shows that the top 50% of Jack-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Coeur Mining (CDE), another stock in the same industry, is yet to report results for the quarter ending March 2023. The result is expected to be released on May 10.

This silver mining company is expected to post a quarterly loss of $0.09 per share in its upcoming report, representing a year-over-year change of -80%. Consensus EPS estimates for the quarter have been revised down 86.7% from current levels over the last 30 days.

Coeur Mining’s revenue is expected to be $175.13 million, down 7% from the year-ago quarter.

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Jax Investment Research

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

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