Cameco (CCJ) closed the most recent trading day at $81.47, moving -5.43% from the previous trading session. This change lagged the S&P 500's daily loss of 1.11%. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 1.88%.
Heading into today, shares of the uranium producer had lost 5.55% over the past month, lagging the Oils-Energy sector's gain of 4.62% and the S&P 500's gain of 2.06%.
The investment community will be paying close attention to the earnings performance of Cameco in its upcoming release. The company is slated to reveal its earnings on October 30, 2026. The company is forecasted to report an EPS of $0.23, showcasing a 360% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $494.94 million, reflecting a 10.91% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.07 per share and a revenue of $2.44 billion, demonstrating changes of +3.88% and -2.09%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Cameco. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.62% decrease. Cameco currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Cameco has a Forward P/E ratio of 80.77 right now. Its industry sports an average Forward P/E of 17.7, so one might conclude that Cameco is trading at a premium comparatively.
We can additionally observe that CCJ currently boasts a PEG ratio of 1.76. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Alternative Energy - Other industry stood at 2.02 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 97, putting it in the top 40% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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