In the latest close session, Cameco (CCJ) was up +2.07% at $109.79. This move outpaced the S&P 500's daily gain of 0.16%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.26%.
The uranium producer's shares have seen an increase of 17.57% over the last month, surpassing the Basic Materials sector's gain of 7.63% and the S&P 500's gain of 1.89%.
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 February 13, 2026. On that day, Cameco is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 7.69%.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.97 per share and revenue of $2.37 billion. These totals would mark changes of +97.96% and 0%, respectively, from last year.
Any recent changes to analyst estimates for Cameco should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.54% upward. As of now, Cameco holds a Zacks Rank of #3 (Hold).
With respect to valuation, Cameco is currently being traded at a Forward P/E ratio of 71.8. This valuation marks a premium compared to its industry average Forward P/E of 23.92.
The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Cameco Corporation (CCJ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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