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Cameco (CCJ) Declines More Than Market: Some Information for Investors
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In the latest trading session, Cameco (CCJ - Free Report) closed at $103.44, marking a -9.28% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 2.65%. Elsewhere, the Dow lost 1.35%, while the tech-heavy Nasdaq lost 4.18%.
Shares of the uranium producer witnessed a loss of 3.95% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 3.06%, and the S&P 500's gain of 5.47%.
The upcoming earnings release of Cameco will be of great interest to investors. On that day, Cameco is projected to report earnings of $0.36 per share, which would represent a year-over-year decline of 29.41%. Simultaneously, our latest consensus estimate expects the revenue to be $534.36 million, showing a 15.69% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.31 per share and revenue of $2.39 billion, indicating changes of +27.18% and -4.07%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Cameco. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.92% increase. Right now, Cameco possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Cameco is presently trading at a Forward P/E ratio of 86.93. This denotes a premium relative to the industry average Forward P/E of 17.69.
We can also see that CCJ currently has a PEG ratio of 1.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Alternative Energy - Other stocks are, on average, holding a PEG ratio of 2.25 based on yesterday's closing prices.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 105, this industry ranks in the top 44% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Cameco (CCJ) Declines More Than Market: Some Information for Investors
In the latest trading session, Cameco (CCJ - Free Report) closed at $103.44, marking a -9.28% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 2.65%. Elsewhere, the Dow lost 1.35%, while the tech-heavy Nasdaq lost 4.18%.
Shares of the uranium producer witnessed a loss of 3.95% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 3.06%, and the S&P 500's gain of 5.47%.
The upcoming earnings release of Cameco will be of great interest to investors. On that day, Cameco is projected to report earnings of $0.36 per share, which would represent a year-over-year decline of 29.41%. Simultaneously, our latest consensus estimate expects the revenue to be $534.36 million, showing a 15.69% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.31 per share and revenue of $2.39 billion, indicating changes of +27.18% and -4.07%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Cameco. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.92% increase. Right now, Cameco possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Cameco is presently trading at a Forward P/E ratio of 86.93. This denotes a premium relative to the industry average Forward P/E of 17.69.
We can also see that CCJ currently has a PEG ratio of 1.93. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Alternative Energy - Other stocks are, on average, holding a PEG ratio of 2.25 based on yesterday's closing prices.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 105, this industry ranks in the top 44% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.