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Cameco Corp (CCJ)
NYSE:CCJ
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.23Last Year’s EPS
$0.15Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 2.75%
|Next Earnings Date:Feb 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong production performance, increased dividends, and strategic positioning in the nuclear energy market, contrasted by challenges with Inkai production and accounting impacts from the Westinghouse acquisition. Overall, positive momentum in the nuclear sector and strategic advances outweigh the operational challenges.Company Guidance
In the third quarter of 2024, Cameco Corporation reported strong operational performance and maintained a solid financial position, targeting a return to a Tier 1 cost structure. Their outlook remains robust, with adjusted EBITDA reaching nearly $1 billion for the first nine months before acquisition-related adjustments. The company anticipates continued momentum in long-term contracting, despite a slow start with only 50 million pounds contracted by the end of September, which increased to 90 million pounds shortly thereafter. Cameco's production guidance for the year was revised upwards, with Key Lake mill production expected to reach 19 million pounds, while challenges at JV Inkai in Kazakhstan led to a reduced forecast of 7.7 million pounds. The company also announced a dividend increase from $0.12 in 2023 to $0.16 per share, with plans to potentially grow this to $0.24 by 2026, reflecting confidence in ongoing market improvements and strong production.Strong Production Performance
Production at the Key Lake mill exceeded expectations with a forecasted output of about 19 million pounds, up from 18 million pounds previously.
Dividend Increase
The Board approved an increase of Cameco's dividend from $0.12 in 2023 to $0.16 per common share for 2024, with a plan to double the dividend to $0.24 by 2026.
Positive Momentum in Nuclear Energy
There is growing support for nuclear energy among governments and the public, leading to increased demand for nuclear power and new reactor commitments.
Strategic Positioning and Contracting
Long-term uranium prices reached their highest level in over a decade, with a notable increase in long-term contract volumes from just over 50 million pounds at September 30 to about 90 million pounds.
Westinghouse Acquisition Benefits
The acquisition is timely and fits well into the long-term strategy, with potential growth opportunities emerging beyond initial expectations.
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CCJ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCJ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $51.21 | $53.58 | +4.63% |
| Jul 31, 2024 | $44.28 | $45.49 | +2.73% |
| Apr 30, 2024 | $49.42 | $45.63 | -7.67% |
| Feb 08, 2024 | $48.05 | $44.72 | -6.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cameco Corp (CCJ) report earnings?
Cameco Corp (CCJ) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is Cameco Corp (CCJ) earnings time?
Cameco Corp (CCJ) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCJ EPS forecast?
CCJ EPS forecast for the fiscal quarter 2024 (Q4) is $0.23.
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