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).
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.
The company's share price is broadly unchanged from a week ago.
Before you take the next step you should know about the 2 warning signs for Cameco that we have uncovered.
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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.
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