Uranium Resources Second Quarter Earnings Sneak Peek
Uranium Resources, Inc. (NASDAQ:URRE) will unveil its latest earnings on Friday, August 10, 2012. Uranium Resources is engaged in the business of acquiring, exploring, developing and mining uranium properties, using the in situ recovery or solution mining process.
Uranium Resources, Inc. Earnings Preview Cheat Sheet
The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month.
Past Earnings Performance: The company missed estimates last quarter by reporting a loss of 4 cents per share against a mean estimate of net loss of 3 cents per share.
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Stock Price Performance: Between May 10, 2012 and August 6, 2012, the stock price fell 21 cents (-25.6%), from 82 cents to 61 cents. The stock price saw one of its best stretches over the last year between October 17, 2011 and October 24, 2011, when shares rose for six straight days, increasing 70.1% (+54 cents) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 23.2% (-19 cents) over that span.
A Look Back: In the first quarter, the company’s loss widened to a loss of a $3.6 million (4 cents a share) from a loss of $3 million (3 cents) a year earlier, missing analyst expectations. Revenue was unchanged at $0.0.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.51 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company improved this liquidity measure from 0.91 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in current assets. Current assets increased more than threefold to $11.4 million while liabilities rose by 30.8% to $4.6 million.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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