Cameco Earnings On Deck With Stock (CCJ) Outperforming – What To Expect

Cameco Corporation (NYSE: CCJ), a leading player in the uranium market, is scheduled to release its second-quarter 2025 earnings this morning, before the opening bell. Markets are looking for confirmation of the positive trends seen in the first quarter, with Cameco's stock price having built up a head of steam, gaining 49% YTD leading in.

Markets are looking for a significant increase in earnings per share (EPS) for Q2 2025, estimating CAD$0.52 compared to CAD$0.14 in the same quarter last year, a 3x.

Revenue is also expected to have grown very healthily, with a 34.12% sales growth rate bringing the expected figure on the quarter to CAD$802.65.

Cameco's strategic focus on ramping up production at key facilities like McArthur River and Key Lake is expected to be a major driver of revenue growth. These expansions are crucial for meeting the rising global demand for uranium, spurred by the increasing adoption of nuclear energy.

The global push for nuclear energy, particularly highlighted by China's recent approval of 10 new nuclear reactors, and the growing thirst for data centers is creating a favorable environment for uranium producers like Cameco. The company's position as a major uranium supplier positions it to capitalize on this growing demand.

Cameco's 49% stake in Westinghouse Electric Company, acquired in November 2023, is also expected to contribute positively to its earnings. Westinghouse has already demonstrated strong performance, reporting a 19% improvement in adjusted EBITDA in Q1 2025, underscoring the strategic value of this acquisition.

Cameco's last reported quarterly earnings per share (EPS) was $0.11, which missed the estimated $0.13, representing a -13.64% surprise. Revenue for the last reported quarter was $548.23 million, slightly above the $547.18 million estimate. Investors will be closely watching to see if Cameco can meet or exceed expectations this quarter.

Looking ahead, analyst forecasts for CCJ’s future price range from $56.25 to $79.47, with the average target now sitting below price action, such has been the pace of the rally. The upcoming earnings report will be crucial in determining whether Cameco can sustain its upward trajectory and achieve its ambitious goals.

As Cameco prepares to announce its Q2 2025 earnings, analysts have been mixed in where they stood with EPS estimates in the month leading in, with 3 downside revisions, set against 3 to the upside. The stock is up 1.74% in the pre-market at $79, approaching highs as the print awaits. Not long now.