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Cameco (CCJ) Outpaces Stock Market Gains: What You Should Know
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Cameco (CCJ - Free Report) ended the recent trading session at $111.13, demonstrating a +2.32% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.72%. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 1.16%.
Coming into today, shares of the uranium producer had lost 7.79% in the past month. In that same time, the Oils-Energy sector gained 9.32%, while the S&P 500 lost 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Cameco in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.35, showcasing a 218.18% upward movement from the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.57 per share and revenue of $2.5 billion, indicating changes of +52.43% and +0.54%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Cameco. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Cameco is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Cameco is currently being traded at a Forward P/E ratio of 69.09. For comparison, its industry has an average Forward P/E of 18.05, which means Cameco is trading at a premium to the group.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Cameco (CCJ) Outpaces Stock Market Gains: What You Should Know
Cameco (CCJ - Free Report) ended the recent trading session at $111.13, demonstrating a +2.32% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.72%. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 1.16%.
Coming into today, shares of the uranium producer had lost 7.79% in the past month. In that same time, the Oils-Energy sector gained 9.32%, while the S&P 500 lost 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Cameco in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.35, showcasing a 218.18% upward movement from the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.57 per share and revenue of $2.5 billion, indicating changes of +52.43% and +0.54%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Cameco. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Cameco is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Cameco is currently being traded at a Forward P/E ratio of 69.09. For comparison, its industry has an average Forward P/E of 18.05, which means Cameco is trading at a premium to the group.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.