Uranium Energy (UEC) took a bigger beating than the market today—down 4.42% while the S&P 500 only dropped 0.63%. Yikes.
But here's the wild part: UEC was up 36.76% just last month, absolutely crushing the Basic Materials sector (up 0.36%). Talk about a roller coaster.
The real alarm bell? Analysts just slashed their EPS forecast by 176.92% in the past month. UEC is now rated a Zacks #5 (Strong Sell), and earnings expectations have tanked from +18% revenue growth to profitability concerns.
Full year estimates are projecting -$0.17 EPS and $78.87M revenue. The uranium play went from hype to heavily questioned real quick. Definitely one to watch closely before the next earnings call.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Uranium Energy (UEC) took a bigger beating than the market today—down 4.42% while the S&P 500 only dropped 0.63%. Yikes.
But here's the wild part: UEC was up 36.76% just last month, absolutely crushing the Basic Materials sector (up 0.36%). Talk about a roller coaster.
The real alarm bell? Analysts just slashed their EPS forecast by 176.92% in the past month. UEC is now rated a Zacks #5 (Strong Sell), and earnings expectations have tanked from +18% revenue growth to profitability concerns.
Full year estimates are projecting -$0.17 EPS and $78.87M revenue. The uranium play went from hype to heavily questioned real quick. Definitely one to watch closely before the next earnings call.