Cameco 2024 Outlook: Expects Consolidated Revenue Of C$2.9B-C$3B Vs. C$3.054B Consensus ; And Adjusted EBITDA Of Between C$445M-C$510M
Portfolio Pulse from Benzinga Newsdesk
Cameco projects its 2024 consolidated revenue to be between C$2.9 billion and C$3.0 billion, slightly below the consensus of C$3.054 billion. The company also expects its share of Westinghouse's 2024 adjusted EBITDA to range from C$445 million to C$510 million, indicating a solid outlook and strong cash flow generation.

April 30, 2024 | 11:13 am
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NEUTRAL IMPACT
Cameco expects 2024 revenue to be slightly below consensus but maintains a solid outlook with strong cash flow, projecting Westinghouse's adjusted EBITDA to be between C$445M-C$510M.
Cameco's projected revenue slightly below the consensus might initially seem negative, but the solid outlook and expected strong cash flow generation, especially from its share of Westinghouse's adjusted EBITDA, suggest a balanced impact. The slight miss on revenue expectations is offset by the positive outlook on EBITDA, indicating stability and potential for growth, which could neutralize short-term price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100