Cameco Third Quarter 2024 Earnings: Revenues Miss Expectations

Simply Wall St.11-08

Cameco (TSE:CCO) Third Quarter 2024 Results Key Financial Results Revenue: CA$720.6m (up 25% from 3Q 2023). Net income: CA$7.43m (down 95% from 3Q 2023). Profit margin: 1.0% (down from 26% in 3Q 2023...

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The decrease in margin was driven by higher expenses.TSX:CCO Earnings and Revenue Growth November 8th 2024. All figures shown in the chart above are for the trailing 12 month  period. Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Oil and Gas industry in Canada.Performance of the Canadian Oil and Gas industry.The company's shares are up 1.3% from a week ago.Don't forget that there may still be risks. For instance, we've identified   1 warning sign for Cameco  that you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CCJ":"Cameco Corp"},"translate_title":"Cameco 2024年第三季度收益：收入未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCJ":1},"content_text":"Cameco (TSE:CCO) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: CA$720.6m (up 25% from 3Q 2023).\nNet income: CA$7.43m (down 95% from 3Q 2023).\nProfit margin: 1.0% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses.\n\n\n\n\n  TSX:CCO Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nCameco Revenues Disappoint\n Revenue missed analyst estimates by 4.2%. \n Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Oil and Gas industry in Canada. \nPerformance of the Canadian Oil and Gas industry.\n The company's shares are up 1.3% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   1 warning sign for Cameco  that you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St 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. 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