Canada's Cameco Q4 revenue, EPS top estimates, helped by uranium and Westinghouse units

Overview

• Canada uranium producer's Q4 revenue and adjusted EPS beat analyst expectations

• Company's Q4 results boosted by uranium and Westinghouse segments

• Company maintains strong balance sheet, positioning for future growth

Outlook

• Cameco expects positive uranium market trends to continue through 2026 and beyond

• Company anticipates durable growth across nuclear fuel cycle driven by electrification

• Cameco sees strong 2026 guidance for Westinghouse investment

Result Drivers

• DISCIPLINED SUPPLY STRATEGY - Cameco's results were bolstered by a disciplined supply strategy aligning production with long-term contracts, according to CEO Tim Gitzel

• WESTINGHOUSE CONTRIBUTION - Westinghouse's involvement in the Dukovany project and a cash distribution significantly boosted earnings

• INCREASED CONTRACTING ACTIVITY - Rising long-term contracting activity in the uranium market supported Cameco's positive outlook

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the uranium peer group is "buy"

• Wall Street's median 12-month price target for Cameco Corp is C$160.00, about 1% above its February 12 closing price of C$158.43

• The stock recently traded at 80 times the next 12-month earnings vs. a P/E of 79 three months ago

Press Release: ID:nBw7jWkga

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