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 - Free Report) ended the recent trading session at $73.45, demonstrating a +2.5% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq gained 1.02%.
The stock of uranium producer has risen by 19.53% in the past month, leading the Basic Materials sector's gain of 5.33% and the S&P 500's gain of 4.99%.
The investment community will be paying close attention to the earnings performance of Cameco in its upcoming release. The company is predicted to post an EPS of $0.36, indicating a 260% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $681.82 million, indicating a 56% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.09 per share and a revenue of $2.51 billion, indicating changes of +122.45% and +10.16%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Cameco. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 15.13% higher. Cameco is currently a Zacks Rank #3 (Hold).
With respect to valuation, Cameco is currently being traded at a Forward P/E ratio of 65.92. For comparison, its industry has an average Forward P/E of 17.79, which means Cameco is trading at a premium to the group.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 158, finds itself in the bottom 37% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cameco (CCJ) Laps the Stock Market: Here's Why
Cameco (CCJ - Free Report) ended the recent trading session at $73.45, demonstrating a +2.5% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq gained 1.02%.
The stock of uranium producer has risen by 19.53% in the past month, leading the Basic Materials sector's gain of 5.33% and the S&P 500's gain of 4.99%.
The investment community will be paying close attention to the earnings performance of Cameco in its upcoming release. The company is predicted to post an EPS of $0.36, indicating a 260% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $681.82 million, indicating a 56% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.09 per share and a revenue of $2.51 billion, indicating changes of +122.45% and +10.16%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Cameco. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 15.13% higher. Cameco is currently a Zacks Rank #3 (Hold).
With respect to valuation, Cameco is currently being traded at a Forward P/E ratio of 65.92. For comparison, its industry has an average Forward P/E of 17.79, which means Cameco is trading at a premium to the group.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 158, finds itself in the bottom 37% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.