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Cameco (CCJ) Registers a Bigger Fall Than the Market: Important Facts to Note
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Cameco (CCJ - Free Report) closed at $97.42 in the latest trading session, marking a -2.98% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.59%. Elsewhere, the Dow saw a downswing of 0.6%, while the tech-heavy Nasdaq depreciated by 0.65%.
Shares of the uranium producer have appreciated by 1.39% over the course of the past month, underperforming the Oils-Energy sector's gain of 9.15%, and outperforming the S&P 500's loss of 1.37%.
Market participants will be closely following the financial results of Cameco in its upcoming release. The company is expected to report EPS of $0.26, up 420% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $494.94 million, up 10.91% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.27 per share and a revenue of $0 million, indicating changes of +23.3% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.74% lower. As of now, Cameco holds a Zacks Rank of #3 (Hold).
In the context of valuation, Cameco is at present trading with a Forward P/E ratio of 78.94. This expresses a premium compared to the average Forward P/E of 17.86 of its industry.
It is also worth noting that CCJ currently has a PEG ratio of 1.72. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Alternative Energy - Other industry was having an average PEG ratio of 2.29.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the 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.
View the Zacks #1 Rank List
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Cameco (CCJ) Registers a Bigger Fall Than the Market: Important Facts to Note
Cameco (CCJ - Free Report) closed at $97.42 in the latest trading session, marking a -2.98% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.59%. Elsewhere, the Dow saw a downswing of 0.6%, while the tech-heavy Nasdaq depreciated by 0.65%.
Shares of the uranium producer have appreciated by 1.39% over the course of the past month, underperforming the Oils-Energy sector's gain of 9.15%, and outperforming the S&P 500's loss of 1.37%.
Market participants will be closely following the financial results of Cameco in its upcoming release. The company is expected to report EPS of $0.26, up 420% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $494.94 million, up 10.91% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.27 per share and a revenue of $0 million, indicating changes of +23.3% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.74% lower. As of now, Cameco holds a Zacks Rank of #3 (Hold).
In the context of valuation, Cameco is at present trading with a Forward P/E ratio of 78.94. This expresses a premium compared to the average Forward P/E of 17.86 of its industry.
It is also worth noting that CCJ currently has a PEG ratio of 1.72. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Alternative Energy - Other industry was having an average PEG ratio of 2.29.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the 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.