The Gory Details on Cameco's Double Miss
Cameco (NYS: CCJ) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Cameco missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share contracted significantly.
Margins dropped across the board.
Cameco booked revenue of $436.5 million. The five analysts polled by S&P Capital IQ expected to see sales of $448.6 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $564.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.07. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.09 per share. Non-GAAP EPS of $0.07 for Q1 were 77% lower than the prior-year quarter's $0.31 per share. GAAP EPS of $0.02 for Q1 were 94% lower than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.2%, 890 basis points worse than the prior-year quarter. Operating margin was 3.9%, much worse than the prior-year quarter. Net margin was 1.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $655.4 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $2.79 billion. The average EPS estimate is $1.15.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,786 members out of 1,830 rating the stock outperform, and 44 members rating it underperform. Among 291 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 282 give Cameco a green thumbs-up, and nine 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 $25.03.
Is Cameco the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Cameco to My Watchlist.
The article The Gory Details on Cameco's Double Miss originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.