Cameco Corporation (NYSE: CCJ) has seen a share decline of 5% over the past month, while the Zacks S&P 500 composite has increased by 3.1%. The company, classified in the Zacks Mining – Miscellaneous industry, reported revenues of $528.24 million in the last quarter, a 23.2% year-over-year increase, but an EPS of -$0.01, compared to $0.24 a year ago, missing consensus estimates significantly.
For the current quarter, Cameco’s expected earnings are projected at $0.15 per share, showing no change from the previous year, but with a 39.6% decline in the Zacks Consensus Estimate over the last 30 days. The consensus revenue estimate for this quarter stands at $735.56 million, reflecting an 18.6% increase from the previous year.
As of now, Cameco holds a Zacks Rank of #3 (Hold), indicating potential performance in line with the broader market. The company is experiencing a substantial decline in earnings estimates, which could impact investor interest moving forward.
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