We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cameco (CCJ) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Cameco (CCJ - Free Report) closed at $22.51, marking a +1.08% move from the previous day. This change lagged the S&P 500's 1.46% gain on the day. At the same time, the Dow added 1%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the uranium producer had lost 5.52% over the past month, lagging the Basic Materials sector's loss of 3.64% and outpacing the S&P 500's loss of 6.94% in that time.
Investors will be hoping for strength from Cameco as it approaches its next earnings release. The company is expected to report EPS of -$0.03, up 62.5% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.11 per share and revenue of $1.45 billion. These totals would mark changes of +155% and +23.07%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Cameco. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Cameco is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Cameco is holding a Forward P/E ratio of 202.46. Its industry sports an average Forward P/E of 7.75, so we one might conclude that Cameco is trading at a premium comparatively.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Cameco (CCJ) Gains But Lags Market: What You Should Know
In the latest trading session, Cameco (CCJ - Free Report) closed at $22.51, marking a +1.08% move from the previous day. This change lagged the S&P 500's 1.46% gain on the day. At the same time, the Dow added 1%, and the tech-heavy Nasdaq lost 0.18%.
Heading into today, shares of the uranium producer had lost 5.52% over the past month, lagging the Basic Materials sector's loss of 3.64% and outpacing the S&P 500's loss of 6.94% in that time.
Investors will be hoping for strength from Cameco as it approaches its next earnings release. The company is expected to report EPS of -$0.03, up 62.5% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.11 per share and revenue of $1.45 billion. These totals would mark changes of +155% and +23.07%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Cameco. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Cameco is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Cameco is holding a Forward P/E ratio of 202.46. Its industry sports an average Forward P/E of 7.75, so we one might conclude that Cameco is trading at a premium comparatively.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.