Cameco Corp's latest earnings report reveals significant challenges despite revenue growth.
Cameco Corp (CCO.TO) reported its Q2 2026 earnings, showing an adjusted earnings per share (EPS) of C$0.18. This figure fell short of the consensus estimate of C$0.38 by 52.63%. The earnings miss highlights ongoing struggles in the uranium sector, even with some positive revenue figures.
Recent earnings trend
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Cameco Corp
CCO.TO
CCO.TO
Cameco Corp
WealthAwesomeMarket cap
$52.69B
P/E
81.2x
Div. yield
0.19%
Div. / share
$0.24
52W high
$182.72
52W low
$95.41
1W change
-2.33%
Beta
1.00
Analyst Price Targets
Based on analyst covering CCO
Wall Street analysts forecast CCO stock price to rise 48.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$179.65
+48.5% Upside
Current Price
C$120.98
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CCO's historical volatility
30-Day Vol
40.0%
Annualized
90-Day Vol
51.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$101.20
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$113.99 | C$99.31 – C$130.84 |
| 60 trading days | C$107.40 | C$88.37 – C$130.53 |
| 90 trading days | C$101.20 | C$79.70 – C$128.50 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-30 | — | 0.3400 | — |
| 2026-06-30 | 2026-07-31 | 0.1800 | 0.3800 | -52.6% |
| 2026-03-31 | 2026-05-05 | 0.4700 | 0.3400 | +38.2% |
| 2025-12-31 | 2026-02-13 | 0.5000 | 0.4400 | +13.6% |
| 2025-09-30 | 2025-11-05 | 0.0700 | 0.2700 | -74.1% |
| 2025-06-30 | 2025-07-31 | 0.7100 | 0.5200 | +36.5% |
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Investor takeaway: Investors should keep a close eye on Cameco's operational performance and market conditions as the company faces challenges in production and pricing in a fluctuating uranium market. The significant earnings miss raises questions about the company's near-term profitability and growth outlook.
EPS Misses Consensus by 52.6% with Adjusted EPS of C$0.18
This notable earnings miss is a stark contrast to previous quarters, where Cameco had managed to beat estimates in half of its last four earnings reports. This raises concerns about future performance.
Bull case
Cameco's strategic positioning with long-term contracts and a solid market for uranium could support future revenue growth, especially as global demand for nuclear energy increases. The company's careful approach to contracting may also help it weather market volatility.
Bear case
Operational disruptions and rising costs present significant risks to Cameco's profitability. The company's dependence on fluctuating uranium prices and the uncertainty surrounding the Westinghouse IPO could complicate its financial outlook.
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