Shares of enCore Energy Corp. (CVE:EU) surged 7.24% in pre-market trading on Monday, following the company's third-quarter earnings release last week. While the results contained some mixed signals, analysts raised their earnings forecasts for the company, driving the stock higher.
enCore Energy's Q3 revenue beat expectations by 9.7%, although losses per share widened more than expected. However, analysts viewed the results positively, increasing their 2025 earnings per share estimates for the company after the earnings release.
Notably, analysts expect enCore Energy to maintain its strong revenue growth rate, projecting a 94% annualized revenue increase through 2025. This growth rate is significantly higher than the broader industry's forecast of 1.7% annual growth, highlighting the company's potential.
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