Cameco (CCJ) Stock Drops Despite Market Gains: Important Facts to Note

Stock Performance - Cameco's stock closed at $52.44, with a -0.89% daily movement, underperforming the S&P 500's 1.09% gain, the Dow's 1.18% rise, and the Nasdaq's 1.03% increase [1] - Over the past month, Cameco's shares declined by 13.16%, underperforming the Basic Materials sector's 8.81% loss and the S&P 500's 0.71% loss [1] Earnings and Revenue Forecast - The company is expected to report an EPS of$ 0.18 in its upcoming earnings report, representing a 20% increase from the same quarter last year [2] - Revenue is forecasted at $735.56 million, up 18.64% from the prior-year quarter [2] - For the full year, Zacks Consensus Estimates project earnings of$ 0.51 per share and revenue of $2.17 billion, reflecting changes of -10.53% and +13.36%, respectively, from the previous year [4] Analyst Estimates and Revisions - The Zacks Consensus EPS estimate has decreased by 26.93% over the past month [3] - Positive estimate revisions indicate analyst optimism about the company's business and profitability [4] - Estimate revisions are directly correlated with near-term share price momentum [5] Valuation and Industry Ranking - Cameco is trading at a Forward P/E ratio of 103.75, significantly higher than the industry average of 16.09 [7] - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 153, placing it in the bottom 40% of over 250 industries [7] Zacks Rank and Industry Performance - Cameco currently holds a Zacks Rank of 3 (Hold) [3] - The Zacks Rank system has a history of outperformance, with 1 stocks averaging an annual gain of +25% since 1988 [3] - The top 50% of industries ranked by Zacks outperform the bottom half by a factor of 2 to 1 [6]