Cameco (CCJ) Outperforms Broader Market: What You Need to Know

Company Performance - Cameco's stock increased by 1.63% to $100.17, outperforming the S&P 500's daily gain of 0.64% [1] - Over the past month, Cameco's shares have risen by 7.99%, while the Basic Materials sector gained 5.72% and the S&P 500 only 0.55% [1] Earnings Forecast - The upcoming earnings release is anticipated, with an expected EPS of $0.28, reflecting a 7.69% increase from the same quarter last year [2] - For the full year, earnings are projected at $0.96 per share and revenue at $2.37 billion, indicating a 95.92% increase in earnings and no change in revenue from the previous year [2] Analyst Revisions - Recent revisions to analyst forecasts for Cameco are crucial as they indicate changing business trends, with positive revisions suggesting confidence in performance and profit potential [3] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Cameco at 3 (Hold) [5] - The Forward P/E ratio for Cameco is 66.15, significantly higher than the industry average of 21.28, indicating a premium valuation [5] Industry Context - Cameco operates within the Mining - Miscellaneous industry, which is part of the Basic Materials sector and holds a Zacks Industry Rank of 82, placing it in the top 34% of over 250 industries [6]