The 10-second takeaway
For the quarter ended June 30 (Q2), Cameco whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Gross margins increased, operating margins contracted, net margins shrank.
Cameco reported revenue of $383.3 million. The five analysts polled by S&P Capital IQ looked for revenue of $463.2 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $441.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.09. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS of $0.02 for Q2 were 86% lower than the prior-year quarter's $0.14 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.2%, 520 basis points better than the prior-year quarter. Operating margin was 9.8%, 260 basis points worse than the prior-year quarter. Net margin was 2.0%, 1,060 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $588.2 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $2.29 billion. The average EPS estimate is $1.14.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,793 members rating the stock outperform, and 41 members rating it underperform. Among 328 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 320 give Cameco a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cameco is outperform, with an average price target of $27.91.
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