Ur-Energy(US:URG) ZACKS·2024-08-09 23:25Core Viewpoint - Ur Energy reported a quarterly loss of $0.03 per share, consistent with the Zacks Consensus Estimate, and the same loss as the previous year [1] - The company achieved revenues of $4.65 million for the quarter, exceeding the Zacks Consensus Estimate by 1.15%, compared to revenues of $0.04 million a year ago [2] - The stock has underperformed, losing approximately 34.4% year-to-date, while the S&P 500 has gained 11.5% [3] Financial Performance - Ur Energy's quarterly loss was $0.03 per share, matching expectations, but a prior quarter saw a larger loss of $0.07 per share, resulting in a surprise of -133.33% [1] - The company has surpassed consensus revenue estimates twice in the last four quarters [2] - Current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $11.03 million, and for the current fiscal year, it is -$0.08 on revenues of $33.25 million [7] Market Outlook - The earnings outlook for Ur Energy is unfavorable, leading to a Zacks Rank of 5 (Strong Sell), indicating expected underperformance in the near future [6] - The Mining - Miscellaneous industry, to which Ur Energy belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting a challenging environment [8] - The correlation between near-term stock movements and earnings estimate revisions is emphasized, indicating that tracking these revisions is crucial for investors [5]