From Nasdaq: 2025-02-17 12:51:00

Cameco Corporation (CCJ) is set to report fourth-quarter 2024 results on Feb. 20, before the market opens. The Zacks Consensus Estimate for CCJ’s earnings is 23 cents per share, showing a 53% improvement from the prior year. Revenues are estimated at $744 million, a 20% increase from the year-ago quarter. The company has a history of missing earnings estimates, with an average negative surprise of 66.60% over the past four quarters.

The Zacks model predicts an earnings beat for CCJ this quarter. With a positive Earnings ESP of 9.29% and a Zacks Rank of 3, the odds are in favor of an earnings beat. Cameco’s expected share from its mines is 23.1 million pounds in 2024, up from 17.6 million in 2023. The company has faced challenges at the Inkai mine due to procurement issues and transportation challenges.

Anticipated improvements in production and sales for fuel services are expected to positively impact CCJ’s fourth-quarter performance. The company has been working to lower costs and manage expenditure. Cameco’s acquisition of a 49% interest in Westinghouse Electric Company is also expected to contribute to its performance. Shares of Cameco have gained 11.9% in the past year, outperforming the industry’s decline of 8.6%.

In addition to Cameco, other companies in the basic materials sector like Osisko Gold Royalties (OR), Newmont (NEM), and CF Industries (CF) are expected to post strong earnings results. OR has an Earnings ESP of +7.15% and a Zacks Rank of 3, with estimated earnings growth of 33%. NEM has an Earnings ESP of +6.44% and a Zacks Rank of 3, with estimated earnings growth of 90%. CF has an Earnings ESP of +1.58% and a Zacks Rank of 3, with estimated earnings in line with the previous year’s results.



Read more at Nasdaq: Cameco Gears Up to Report Q4 Earnings: What’s in Store?