Energy Fuels reports after the market closes on November 4. Analysts expect another quarterly loss, but a smaller one than a year ago.
Energy Fuels Inc. (TSX: EFR) is set to report results for the quarter ended September 30, 2026. Analysts expect a loss of C$0.04 per share and revenue of about US$52.97 million, based on estimates from three analysts. The EPS estimate has not changed in the past 30 days, though all three analysts lowered their estimates during that period. The forecast points to a smaller loss than the C$0.10 per share reported a year earlier. It still signals a loss, not a return to profit.
Recent earnings trend
Energy Fuels Inc
EFR.TO
EFR.TO
Energy Fuels Inc
WealthAwesomeMarket cap
$2.73B
52W high
$37.85
52W low
$10.23
1W change
-2.83%
Beta
1.93
Analyst Price Targets
Based on analyst covering EFR · as of Oct 22, 2026
Wall Street analysts forecast EFR stock price to rise 269.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$38.13
+269.8% Upside
Previously C$40.63 on Sep 21, 2026
Current Price
C$10.31
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on EFR's historical volatility
30-Day Vol
65.4%
Annualized
90-Day Vol
67.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$8.62
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$9.71 | C$7.75 – C$12.17 |
| 60 trading days | C$9.15 | C$6.65 – C$12.59 |
| 90 trading days | C$8.62 | C$5.83 – C$12.75 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 3 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-04 | — | -0.0400 | — |
| 2026-06-30 | 2026-08-05 | -0.1800 | -0.0600 | -200.0% |
| 2026-03-31 | 2026-05-06 | -0.0500 | -0.0200 | -150.0% |
| 2025-12-31 | 2026-02-26 | -0.1200 | -0.1000 | -20.0% |
| 2025-09-30 | 2025-11-03 | -0.1000 | -0.0700 | -42.9% |
| 2025-06-30 | 2025-08-06 | -0.1400 | -0.0500 | -180.0% |
Energy Fuels produces uranium and is developing rare earth and mineral sands operations, including an expansion at its White Mesa Mill. Production, sales mix and project progress will be important context for the quarter. Follow EFR.TO on the Energy Fuels stock page.
Investor takeaway: The November 4 report will show whether Energy Fuels is on track for the expected year-over-year improvement, while still reporting a loss. Analysts expect EPS to improve by 61.7% and revenue to grow by 112.8%, but these are forecasts, not results. The company has missed EPS estimates in each of its last four reported quarters. Its actual losses ranged from C$0.10 to C$0.18 per share, compared with estimates ranging from C$0.02 to C$0.07. That track record makes it worth checking how the results compare with the current forecast. For Canadian investors, a better quarterly comparison is not the same as lasting earnings progress. Compare reported EPS with the expected C$0.04 loss, then review revenue and management’s comments on uranium and rare earth activity.
C$0.04 loss per share
That is the consensus estimate for the quarter ended September 30, 2026, based on three analysts. It compares with a C$0.10 loss a year earlier. Energy Fuels has missed EPS estimates in each of its last four reported quarters. Analysts expect revenue of US$52.97 million. The report will show whether the year-over-year improvement is taking shape, but one quarter cannot establish a lasting earnings trend.
Bull case
Analysts expect a smaller loss than the C$0.10 per share reported for the same quarter last year, along with revenue growth of 112.8%. Uranium is Energy Fuels’ established business, while its rare earth operations could provide another source of growth if expansion leads to commercial production. Recent company coverage has highlighted the White Mesa Mill Phase 2 rare earth separation expansion, which could increase monazite processing capacity and support commercial-scale production of heavy rare earths. The earnings report can help investors track progress. Longer-term growth, though, depends on execution and the economics of these operations—not just one quarter’s revenue.
Bear case
Energy Fuels remains unprofitable, with trailing-twelve-month EPS of -C$0.47 and a reported profit margin of -77.30%. It has missed EPS estimates in each of its last four reported quarters, and the current consensus estimate has not improved over the past month. Only three analysts contributed to the estimate, so the sample is small. The company also faces execution risks as it develops its rare earth business alongside uranium operations. Planned capacity and future demand do not guarantee profitable production. The share price has fallen sharply in the supplied market data and is below its 50-day and 200-day moving averages. That does not determine the earnings result, but it shows the uncertainty investors are weighing.
Analysis
Analysts expect Energy Fuels to report a loss of C$0.04 per share for the quarter ended September 30, with revenue of US$52.97 million. Both estimates are based on three analysts. The EPS forecast is unchanged from 30 days ago, although all three analysts lowered their estimates during that period. The revenue estimate implies year-over-year growth of 112.8%. The expected 61.7% EPS growth reflects a smaller loss than the C$0.10 reported a year earlier. These are estimates, not company guidance or confirmed results. Investors can compare actual EPS and revenue with the forecasts, then assess what the company says about its sales and where they came from.
Analysis
Energy Fuels has missed EPS estimates in each of its last four reported quarters. It reported losses of C$0.18 versus an estimated C$0.06 in June 2026, C$0.05 versus C$0.02 in March, C$0.12 versus C$0.10 in December 2025, and C$0.10 versus C$0.07 in September 2025. The recent earnings trend table and chart provide the quarter-by-quarter details.
The company produces uranium and is developing rare earth and mineral sands operations. Recent coverage has highlighted the White Mesa Mill Phase 2 rare earth separation expansion as a possible growth driver. Investors should look for operational progress and details on revenue sources, while keeping in mind that expansion plans do not guarantee near-term profits. See the Energy Fuels stock page for company details.
Analysis
The supplied analyst-target data show an average target of C$38.13, compared with a last close of C$10.31. That is a large gap, but analyst targets are estimates, not promises. The formal rating is unavailable for Canadian listings. See the analyst ratings section for target details.
Wealth Awesome’s statistical 90-day price model gives a mean forecast of C$8.62. Its 68% range is C$5.83 to C$12.75, and its 95% range is C$3.95 to C$18.84. This is a statistical model, not financial advice or a price target. The wide ranges reflect uncertainty. You can review the price prediction section, but keep these forecasts separate from the earnings report and the company’s operating disclosures.
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