Cameco (TSX: CCO) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cameco crushed expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins grew, operating margins improved, net margins dropped.
Revenue details
Cameco reported revenue of $961.4 million. The three analysts polled by S&P Capital IQ predicted revenue of $774.6 million on the same basis. GAAP reported sales were 42% higher than the prior-year quarter's $677.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.66. The eight earnings estimates compiled by S&P Capital IQ predicted $0.42 per share. GAAP EPS of $0.66 for Q4 were 27% higher than the prior-year quarter's $0.52 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 47.6%, 70 basis points better than the prior-year quarter. Operating margin was 29.2%, 630 basis points better than the prior-year quarter. Net margin was 27.1%, 360 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $570.8 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $2.36 billion. The average EPS estimate is $1.23.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 85 members out of 115 rating the stock outperform, and 30 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 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 $31.24.
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