We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cameco (CCJ) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
In the latest trading session, Cameco (CCJ - Free Report) closed at $40.59, marking a +0.64% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.13%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.52%.
The uranium producer's stock has climbed by 0.17% in the past month, falling short of the Basic Materials sector's gain of 2.11% and the S&P 500's gain of 3.67%.
Analysts and investors alike will be keeping a close eye on the performance of Cameco in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.24, signifying steadiness compared to the same quarter of the previous year.
CCJ's full-year Zacks Consensus Estimates are calling for earnings of $0.96 per share and revenue of $2.23 billion. These results would represent year-over-year changes of +68.42% and +16.39%, respectively.
Investors might also notice recent changes to analyst estimates for Cameco. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.86% lower. Cameco is currently sporting a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Cameco is at present trading with a Forward P/E ratio of 42.01. This represents a premium compared to its industry's average Forward P/E of 14.7.
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cameco (CCJ) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, Cameco (CCJ - Free Report) closed at $40.59, marking a +0.64% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.13%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.52%.
The uranium producer's stock has climbed by 0.17% in the past month, falling short of the Basic Materials sector's gain of 2.11% and the S&P 500's gain of 3.67%.
Analysts and investors alike will be keeping a close eye on the performance of Cameco in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.24, signifying steadiness compared to the same quarter of the previous year.
CCJ's full-year Zacks Consensus Estimates are calling for earnings of $0.96 per share and revenue of $2.23 billion. These results would represent year-over-year changes of +68.42% and +16.39%, respectively.
Investors might also notice recent changes to analyst estimates for Cameco. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.86% lower. Cameco is currently sporting a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Cameco is at present trading with a Forward P/E ratio of 42.01. This represents a premium compared to its industry's average Forward P/E of 14.7.
The Mining - Miscellaneous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 182, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.