Power Fuels (UUUU) got here out with a quarterly lack of $0.07 per share versus the Zacks Consensus Estimate of a lack of $0.05. This compares to lack of $0.02 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -40%. 1 / 4 in the past, it was anticipated that this uranium and vanadium miner and developer would put up a lack of $0.06 per share when it truly produced a lack of $0.04, delivering a shock of 33.33%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Power Fuels
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Power Fuels shares have misplaced about 12% because the starting of the 12 months versus the S&P 500’s achieve of 21.9%.
What’s Subsequent for Power Fuels?
Whereas Power Fuels has underperformed the market up to now this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe report of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Power Fuels: favorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks 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 $8 million in revenues for the approaching quarter and -$0.11 on $50.3 million in revenues for the present fiscal 12 months.
Buyers must be conscious of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as properly. By way of the Zacks Business Rank, Mining – Non Ferrous is presently within the high 22% 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.
One different inventory from the identical trade, Ero Copper Corp. (ERO), is but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 5.
This firm is predicted to put up quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of +22.2%. The consensus EPS estimate for the quarter has been revised 44.4% decrease over the past 30 days to the present degree.
Ero Copper Corp.’s revenues are anticipated to be $148.8 million, up 41.4% from the year-ago quarter.
Ought to You Spend money on Power Fuels Inc (UUUU)?
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Energy Fuels Inc (UUUU) : Free Stock Analysis Report
Ero Copper Corp. (ERO) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
