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Cameco (CCJ) Falls More Steeply Than Broader Market: What Investors Need to Know
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Cameco (CCJ - Free Report) closed at $94.67 in the latest trading session, marking a -2.9% move from the prior day. This change lagged the S&P 500's 0.45% loss on the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.16%.
Coming into today, shares of the uranium producer had lost 7.53% in the past month. In that same time, the Oils-Energy sector lost 5.87%, while the S&P 500 gained 2.14%.
The investment community will be paying close attention to the earnings performance of Cameco in its upcoming release. It is anticipated that the company will report an EPS of $0.36, marking a 29.41% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $534.36 million, reflecting a 15.69% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.21 per share and a revenue of $2.39 billion, demonstrating changes of +17.48% and -4.07%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Cameco. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% downward. At present, Cameco boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Cameco is currently trading at a Forward P/E ratio of 80.91. This represents a premium compared to its industry average Forward P/E of 18.07.
We can additionally observe that CCJ currently boasts a PEG ratio of 1.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CCJ's industry had an average PEG ratio of 2.16 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 101, putting it in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Cameco (CCJ) Falls More Steeply Than Broader Market: What Investors Need to Know
Cameco (CCJ - Free Report) closed at $94.67 in the latest trading session, marking a -2.9% move from the prior day. This change lagged the S&P 500's 0.45% loss on the day. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.16%.
Coming into today, shares of the uranium producer had lost 7.53% in the past month. In that same time, the Oils-Energy sector lost 5.87%, while the S&P 500 gained 2.14%.
The investment community will be paying close attention to the earnings performance of Cameco in its upcoming release. It is anticipated that the company will report an EPS of $0.36, marking a 29.41% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $534.36 million, reflecting a 15.69% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.21 per share and a revenue of $2.39 billion, demonstrating changes of +17.48% and -4.07%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Cameco. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.41% downward. At present, Cameco boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Cameco is currently trading at a Forward P/E ratio of 80.91. This represents a premium compared to its industry average Forward P/E of 18.07.
We can additionally observe that CCJ currently boasts a PEG ratio of 1.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CCJ's industry had an average PEG ratio of 2.16 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 101, putting it in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.