Cameco (CCJ) closed the most recent trading day at $90.37, moving +1.91% from the previous trading session. This change outpaced the S&P 500's 0.14% loss on the day. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.57%.
Shares of the uranium producer have depreciated by 18.56% over the course of the past month, underperforming the Oils-Energy sector's gain of 5.65%, and the S&P 500's gain of 0.25%.
Investors will be eagerly watching for the performance of Cameco in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 31, 2026. The company is expected to report EPS of $0.26, down 49.02% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $534.36 million, reflecting a 15.69% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.34 per share and a revenue of $2.39 billion, demonstrating changes of +30.1% and -4.07%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Cameco. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.55% higher. Cameco is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Cameco is presently trading at a Forward P/E ratio of 66.34. This represents a premium compared to its industry average Forward P/E of 17.7.
We can also see that CCJ currently has a PEG ratio of 1.4. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Alternative Energy - Other industry had an average PEG ratio of 1.91 as trading concluded yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 105, this industry ranks in the top 43% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).