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Does Cameco Corporation's (TSE:CCO) Latest Financial Perfomance Look Strong?
For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. Investors may find my commentary, albeit very high-level and brief, on Cameco Corporation (TSX:CCO) useful as an attempt to give more color around how Cameco is currently performing. Check out our latest analysis for Cameco
Commentary On CCO's Past Performance
I use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. This allows me to assess various companies on a similar basis, using new information. For Cameco, its latest trailing-twelve-month earnings is -CA$132.09M, which compared to the prior year's level, has become less negative. Given that these figures are relatively short-term, I’ve estimated an annualized five-year figure for Cameco's earnings, which stands at CA$139.05M.
What does this mean?
Though Cameco's past data is helpful, it is only one aspect of my investment thesis. Companies that incur net loss is always hard to forecast what will occur going forward, and when. The most useful step is to examine company-specific issues Cameco may be facing and whether management guidance has dependably been met in the past. I recommend you continue to research Cameco to get a better picture of the stock by looking at:
- Future Outlook: What are well-informed industry analysts predicting for CCO’s future growth? Take a look at our free research report of analyst consensus for CCO’s outlook.
- Financial Health: Is CCO’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
- Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.
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Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article 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.
About TSX:CCO
Excellent balance sheet with reasonable growth potential.
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