Cameco (CCJ) closed at $123.39 in the latest trading session, marking a -7.69% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.43%. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq lost 0.94%.
Prior to today's trading, shares of the uranium producer had gained 46.1% outpaced the Oils-Energy sector's gain of 11.13% and the S&P 500's gain of 0.89%.
The investment community will be closely monitoring the performance of Cameco in its forthcoming earnings report. The company is scheduled to release its earnings on February 13, 2026. On that day, Cameco is projected to report earnings of $0.29 per share, which would represent year-over-year growth of 11.54%.
For the full year, the Zacks Consensus Estimates project earnings of $0.98 per share and a revenue of $2.37 billion, demonstrating changes of +100% and 0%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Cameco. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 last 30 days, the Zacks Consensus EPS estimate has moved 1.48% higher. Cameco currently has a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Cameco is presently trading at a Forward P/E ratio of 88.41. This represents a premium compared to its industry average Forward P/E of 19.14.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 39% echelons of all 250+ industries.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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