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Cameco (CCJ) Stock Declines While Market Improves: Some Information for Investors
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Cameco (CCJ - Free Report) closed the most recent trading day at $91.62, moving -1.27% from the previous trading session. This change lagged the S&P 500's 0.17% gain on the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
The stock of uranium producer has fallen by 2.92% in the past month, lagging the Oils-Energy sector's gain of 1.36% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of Cameco in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.26, reflecting a 420% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $494.94 million, indicating a 10.91% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.27 per share and revenue of $0 million, which would represent changes of +23.3% and 0%, respectively, from the prior year.
Investors might also notice 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Cameco currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Cameco is presently being traded at a Forward P/E ratio of 72.96. For comparison, its industry has an average Forward P/E of 17.89, which means Cameco is trading at a premium to the group.
It is also worth noting that CCJ currently has a PEG ratio of 1.59. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Alternative Energy - Other industry currently had an average PEG ratio of 2.22 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 149, this industry ranks in the bottom 40% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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) Stock Declines While Market Improves: Some Information for Investors
Cameco (CCJ - Free Report) closed the most recent trading day at $91.62, moving -1.27% from the previous trading session. This change lagged the S&P 500's 0.17% gain on the day. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq increased by 0.4%.
The stock of uranium producer has fallen by 2.92% in the past month, lagging the Oils-Energy sector's gain of 1.36% and the S&P 500's loss of 1.29%.
Investors will be eagerly watching for the performance of Cameco in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.26, reflecting a 420% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $494.94 million, indicating a 10.91% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.27 per share and revenue of $0 million, which would represent changes of +23.3% and 0%, respectively, from the prior year.
Investors might also notice 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Cameco currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Cameco is presently being traded at a Forward P/E ratio of 72.96. For comparison, its industry has an average Forward P/E of 17.89, which means Cameco is trading at a premium to the group.
It is also worth noting that CCJ currently has a PEG ratio of 1.59. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Alternative Energy - Other industry currently had an average PEG ratio of 2.22 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 149, this industry ranks in the bottom 40% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.