Canada markets open in 8 hours 18 minutes
  • S&P/TSX

    20,572.11
    -142.37 (-0.69%)
     
  • S&P 500

    4,017.77
    -52.79 (-1.30%)
     
  • DOW

    33,717.09
    -260.99 (-0.77%)
     
  • CAD/USD

    0.7451
    -0.0020 (-0.27%)
     
  • CRUDE OIL

    77.51
    -0.39 (-0.50%)
     
  • BTC-CAD

    30,595.01
    -1,432.12 (-4.47%)
     
  • CMC Crypto 200

    517.02
    -20.85 (-3.88%)
     
  • GOLD FUTURES

    1,930.20
    -9.00 (-0.46%)
     
  • RUSSELL 2000

    1,885.72
    -25.74 (-1.35%)
     
  • 10-Yr Bond

    3.5510
    0.0000 (0.00%)
     
  • NASDAQ futures

    11,930.00
    -38.00 (-0.32%)
     
  • VOLATILITY

    19.94
    +1.43 (+7.73%)
     
  • FTSE

    7,784.87
    +19.72 (+0.25%)
     
  • NIKKEI 225

    27,313.11
    -120.29 (-0.44%)
     
  • CAD/EUR

    0.6874
    -0.0008 (-0.12%)
     

Cameco Third Quarter 2022 Earnings: Beats Expectations

Cameco (TSE:CCO) Third Quarter 2022 Results

Key Financial Results

  • Revenue: CA$388.7m (up 7.6% from 3Q 2021).

  • Net loss: CA$19.5m (loss narrowed by 73% from 3Q 2021).

  • CA$0.049 loss per share (improved from CA$0.18 loss in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cameco Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to remain flat.

Performance of the Canadian Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Cameco that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here