Cameco’s Earnings Outlook Jumps 27.8% as Shares Outpace Sector with 23.4% Gain
Cameco’s full-year earnings estimate increased 27.8% over the past quarter while shares have climbed 23.4% year-to-date, outpacing the Oils-Energy sector’s 16.6% average gain. The uranium producer holds a Zacks Rank #1 and tops the Alternative Energy - Other industry, which has gained 15.1% so far this year.
1. Earnings Estimate Surge
Cameco’s consensus full-year EPS estimate rose 27.8% over the past quarter, driven by improving analyst sentiment and a positive earnings outlook trend for its uranium production operations.
2. Year-to-Date Outperformance
Shares of Cameco have climbed 23.4% year-to-date, markedly outperforming the broader Oils-Energy sector’s 16.6% average gain for the same period.
3. Sector and Industry Rankings
The company holds a Zacks Rank #1 within a sector ranked 15th out of 16, and leads its Alternative Energy - Other industry (46 companies) which has posted a 15.1% average gain this year.
4. Peer Comparison
Among Oils-Energy peers, Ultrapar Participacoes is the only stock with a stronger year-to-date return at 36.6%, but Cameco’s top Zacks ranking underscores its strong earnings momentum relative to other uranium producers.