Uranium Energy to Report Q3 Earnings: What’s in Store?

Uranium Energy (AMEX:UEC) is expected to report year-over-year improvement in both revenues and earnings in its upcoming third-quarter fiscal 2024 results.
The Zacks Consensus Estimate for revenues is pegged at $21 million, indicating 3.9% growth from the year-ago quarter’s actual. The consensus estimate for earnings is 1 cent per share, which indicates a solid improvement from a loss of 2 cents per share reported in the third quarter of fiscal 2023. The estimate has remained unchanged over the past 30 days. Q2 Performance

In the last reported quarter, Uranium Energy reported declines in both its top and bottom lines. Revenues were $0.12 million, which were down 100% year over year and missed the Zacks Consensus Estimate. Revenues only reflected toll processing services revenues as the company did not sell any of its purchased uranium inventory. Notably, sales of uranium inventory had resulted in revenues of $47.8 million in the […]

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