In the latest close session, Cameco (CCJ) was up +1.6% at $79.15. The stock outpaced the S&P 500's daily gain of 0.78%. Meanwhile, the Dow experienced a rise of 1.14%, and the technology-dominated Nasdaq saw an increase of 0.61%.
Coming into today, shares of the uranium producer had gained 7.69% in the past month. In that same time, the Basic Materials sector gained 6.63%, while the S&P 500 gained 5.88%.
Analysts and investors alike will be keeping a close eye on the performance of Cameco in its upcoming earnings disclosure. The company's earnings report is set to go public on July 31, 2025. The company's upcoming EPS is projected at $0.35, signifying a 250.00% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $681.82 million, indicating a 56% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.08 per share and a revenue of $2.51 billion, indicating changes of +120.41% and +10.16%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Cameco. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, the Zacks Consensus EPS estimate has shifted 0.53% downward. Cameco presently features a Zacks Rank of #4 (Sell).
From a valuation perspective, Cameco is currently exchanging hands at a Forward P/E ratio of 72.13. Its industry sports an average Forward P/E of 22.75, so one might conclude that Cameco is trading at a premium comparatively.
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 161, positioning it in the bottom 35% 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.
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Cameco Corporation (CCJ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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