Uranium Energy (UEC) Outpaces Stock Market Gains: What You Should Know

Uranium Energy (UEC) closed at $2.61 in the latest trading session, marking a +1.16% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.83%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 4.46%.

Heading into today, shares of the uranium mining and exploration company had lost 11.03% over the past month, lagging the Basic Materials sector’s gain of 0.87% and the S&P 500’s gain of 4.04% in that time.

Uranium Energy will be looking to display strength as it nears its next earnings release. On that day, Uranium Energy is projected to report earnings of -$0.02 per share, which would represent a year-over-year decline of 166.67%.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.02 per share and revenue of $113.95 million, which would represent changes of -200% and +391.99%, respectively, from the prior year.Any recent changes to analyst estimates for […]

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