Cameco Q1 2024 Adj EPS C$0.13 Misses C$0.28 Estimate, Sales C$634.000M Miss C$828.503M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cameco (NYSE:CCJ) reported Q1 2024 earnings of C$0.13 per share, missing the C$0.28 estimate by 53.57%, and a 51.85% decrease from last year's earnings. Sales were C$634M, missing the C$828.503M estimate by 23.48%, and a 7.71% decrease from last year.

April 30, 2024 | 11:00 am
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NEGATIVE IMPACT
Cameco's Q1 2024 earnings and sales significantly missed estimates, indicating a potential negative impact on its stock price in the short term.
Cameco's significant miss on both earnings per share and sales estimates, coupled with a notable decrease from the previous year's figures, suggests a negative investor sentiment. This could lead to a decrease in stock price in the short term as investors adjust their expectations based on the company's underperformance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100