Cameco (CCJ) ended the recent trading session at $120.21, demonstrating a -2.58% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.54%. Meanwhile, the Dow experienced a rise of 1.05%, and the technology-dominated Nasdaq saw an increase of 0.56%.
Coming into today, shares of the uranium producer had gained 25.19% in the past month. In that same time, the Oils-Energy sector gained 10.35%, while the S&P 500 gained 0.74%.
Market participants will be closely following the financial results of Cameco in its upcoming release. The company plans to announce its earnings on February 13, 2026. The company's earnings per share (EPS) are projected to be $0.29, reflecting a 11.54% increase from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.98 per share and revenue of $2.37 billion, which would represent changes of +100% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cameco. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.48% rise in the Zacks Consensus EPS estimate. Cameco is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Cameco is holding a Forward P/E ratio of 81.61. This valuation marks a premium compared to its industry average Forward P/E of 17.98.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 40% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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