Cameco (CCJ) Stock Declines While Market Improves: Some Information for Investors

Stock Performance - Cameco (CCJ) closed at $51 38, down 0 39% from the previous session [1] - The stock underperformed the S&P 500 (up 0 16%), Dow (up 0 25%), and Nasdaq (down 0 06%) [1] - Over the last month, Cameco shares decreased by 8 58%, outperforming the Basic Materials sector (down 10 34%) but underperforming the S&P 500 (down 2 8%) [1] Earnings Expectations - Cameco is expected to report EPS of$ 0 17, up 13 33% year-over-year [2] - Revenue is projected at $735 56 million, an 18 64% increase compared to the same quarter last year [2] Analyst Estimates and Revisions - Positive revisions to analyst estimates indicate optimism about the company's business outlook [3] - Empirical research shows a direct correlation between estimate revisions and stock price performance [4] - The Zacks Consensus EPS estimate for Cameco has decreased by 3 75% in the past month [5] Valuation and Industry Ranking - Cameco is trading at a Forward P/E ratio of 40 23, a premium compared to the industry average of 12 51 [6] - The Mining - Miscellaneous industry has a Zacks Industry Rank of 145, placing it in the bottom 43% of all industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks [7]