Cameco (CCJ) Laps the Stock Market: Here's Why

Group 1 - Cameco's stock closed at $50.36, reflecting a +0.86% increase, outperforming the S&P 500's gain of 0.67% [1] - Over the past month, Cameco's shares have increased by 1.4%, while the Basic Materials sector gained 6.91% and the S&P 500 gained 2.07% [1] Group 2 - Cameco is expected to release earnings on February 20, 2025, with projected earnings per share (EPS) of $0.23, indicating a 53.33% increase year-over-year [2] - Revenue is projected to be $735.56 million, reflecting an 18.64% rise from the same quarter last year [2] Group 3 - Recent modifications to analyst estimates for Cameco indicate a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which includes estimate changes, has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988 [4][5] Group 4 - Cameco is currently trading at a Forward P/E ratio of 39.5, significantly higher than the industry average of 12.11, indicating a premium valuation [6] - The Mining - Miscellaneous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 143, placing it in the bottom 44% of over 250 industries [6][7]