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Cameco (CCJ - Free Report) closed the most recent trading day at $100.96, moving +2.01% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.5%. Meanwhile, the Dow experienced a rise of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.31%.
The stock of uranium producer has fallen by 12.03% in the past month, lagging the Oils-Energy sector's loss of 2.9% and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of Cameco in its forthcoming earnings report. The company's upcoming EPS is projected at $0.36, signifying a 29.41% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $534.36 million, down 15.69% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.31 per share and a revenue of $2.39 billion, demonstrating changes of +27.18% and -4.07%, respectively, from the preceding year.
Any recent changes to analyst estimates for Cameco should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 moved 0.38% lower. Cameco currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Cameco is holding a Forward P/E ratio of 75.45. This expresses a premium compared to the average Forward P/E of 17.58 of its industry.
We can also see that CCJ currently has a PEG ratio of 1.68. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Alternative Energy - Other industry stood at 1.99 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 46% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Why Cameco (CCJ) Outpaced the Stock Market Today
Cameco (CCJ - Free Report) closed the most recent trading day at $100.96, moving +2.01% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.5%. Meanwhile, the Dow experienced a rise of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.31%.
The stock of uranium producer has fallen by 12.03% in the past month, lagging the Oils-Energy sector's loss of 2.9% and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of Cameco in its forthcoming earnings report. The company's upcoming EPS is projected at $0.36, signifying a 29.41% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $534.36 million, down 15.69% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.31 per share and a revenue of $2.39 billion, demonstrating changes of +27.18% and -4.07%, respectively, from the preceding year.
Any recent changes to analyst estimates for Cameco should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 moved 0.38% lower. Cameco currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Cameco is holding a Forward P/E ratio of 75.45. This expresses a premium compared to the average Forward P/E of 17.58 of its industry.
We can also see that CCJ currently has a PEG ratio of 1.68. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Alternative Energy - Other industry stood at 1.99 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 46% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.