Cameco Corp reports results for the quarter ended March 31 - Earnings Summary

• Cameco Corp CCJ.N reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of twelve analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 3 cents to 36 cents per share.

• Revenue rose 24.4% to C$789.00 million from a year ago; analysts expected C$817.96 million.

• Cameco Corp's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of C$70 million.

• Cameco Corp shares had risen by 5.0% this quarter and lost 15.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 54.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the uranium peer group is also "buy"

• Wall Street's median 12-month price target for Cameco Corp is C$81.00

This summary was machine generated from LSEG data May 1 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)