CCJ · PEAD ↑ 11

Cameco reported Q2 2026 EPS of CAD $0.13 on 2026-07-31, missing the CAD $0.26 consensus by 50% (no prior-year comparable in our feed).

Print-day reaction was −2.1% versus the prior close, as the market absorbed a significant EPS miss on the open. The overnight gap into T+1 added a further −0.9%, indicating no immediate buyers stepping in after hours. Over the following two trading days, however, price reversed sharply, drifting +5.1% — a clear decoupling from the initial negative reaction. Cumulative abnormal return of +3.1% versus SPY.US qualifies this as PEAD long territory, with the holding window running through 2026-10-28.