Cameco Q2 2024 Adj EPS $0.14 Misses $0.26 Estimate, Sales $598.00M Miss $766.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cameco (NYSE:CCJ) reported Q2 2024 adjusted EPS of $0.14, missing the analyst estimate of $0.26 by 46.15%. Sales were $598.00M, missing the $766.92M estimate by 22.03%. Despite the miss, sales increased by 66.66% compared to the same period last year.
July 31, 2024 | 10:42 am
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NEGATIVE IMPACT
Cameco's Q2 2024 earnings and sales both missed analyst estimates significantly. EPS was $0.14 vs. $0.26 expected, and sales were $598M vs. $766.92M expected. Despite the misses, sales increased 66.66% YoY.
Cameco's significant miss on both EPS and sales estimates is likely to negatively impact its stock price in the short term. However, the substantial year-over-year sales growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100