Cameco Earnings Preview: Get Ahead of the Analysts

Cameco (NYSE:CCJ) will report earnings before markets open on Wednesday, May 1st. Cameco Corporation explores for, develops, mines, refines, converts, and fabricates uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company also operates the Bruce B nuclear reactors in Ontario, as well as through a subsidiary, explores for, develops, mines, and sells gold.

Here is your Cheat Sheet to Cameco Earnings:

Earnings Expectations: Analysts expect earnings of $0.14 per share on revenues of $421.23 million. Currently, the company’s P/E ratio stands at 28.27.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.26. For the current year, the average estimate is a profit of $1.2, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Cameco has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,646 2,442 2,123 2,433 2,309
Diluted EPS ($) 1.552 2.974 1.310 1.163 0.6664

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 990.35 561.23 404.50 400.51 953.31
Diluted EPS ($) 0.6840 0.3288 0.0207 0.2059 0.1124

Past Performance:
Cameco has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]