AKITA’s third-quarter revenue grew, but the company reported a larger loss per share than the one-analyst estimate. Its shares also remain below key moving averages.
Akita Drilling Ltd. (TSX: AKT) reported third-quarter 2026 results after markets closed on November 5. For the quarter ended September 30, it posted EPS of -C$0.05, compared with the C$0.06 estimate. The reported earnings surprise was -183.3%.
Recent earnings trend
Akita Drilling Ltd.
AKT.TO
AKT.TO
Akita Drilling Ltd.
WealthAwesomeMarket cap
$198.36M
52W high
$4.80
52W low
$3.28
1W change
-10.39%
Beta
-0.25
Analyst Price Targets
Based on analyst covering AKT · as of Sep 17, 2026
Wall Street analysts forecast AKT stock price to rise 41.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.88
+41.3% Upside
Current Price
C$3.45
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AKT's historical volatility
30-Day Vol
33.6%
Annualized
90-Day Vol
40.9%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$2.89
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$3.25 | C$2.89 – C$3.65 |
| 60 trading days | C$3.06 | C$2.60 – C$3.61 |
| 90 trading days | C$2.89 | C$2.36 – C$3.53 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | -0.0500 | 0.0600 | -183.3% |
| 2026-06-30 | 2026-08-04 | -0.1516 | — | — |
| 2026-03-31 | 2026-05-06 | -0.0632 | — | — |
| 2025-12-31 | 2026-03-19 | 0.0300 | — | — |
| 2025-09-30 | 2025-11-04 | 0.0381 | — | — |
| 2025-06-30 | 2025-08-01 | 0.0567 | — | — |
Supplemental headlines report that revenue rose 55% year over year to $69.2 million and that AKITA recorded a $2.8 million net loss. The earnings calendar had forecast revenue of $58 million, but that estimate came from one analyst, so it offers a limited basis for comparison. For more company and share information, see the AKITA stock page.
Investor takeaway: The quarter was mixed. Revenue grew, and the Fox Drilling acquisition expanded AKITA’s operating base. But the company still reported a net loss and missed the available EPS estimate. Since that estimate came from one analyst and comparable historical earnings data is limited, the miss does not represent a broad consensus view. Investors may want to watch whether the acquired operations lead to sustained profits and how AKITA balances investment, debt repayment and its announced normal course issuer bid.
C$0.11 per share below the estimate
AKITA reported EPS of -C$0.05, compared with the C$0.06 estimate, for a reported surprise of -183.3%. One analyst supplied the estimate, and only one comparable quarter has both actual and estimated results. That leaves little historical data to assess the company’s earnings record.
Bull case
Supplemental reporting links the 55% year-over-year revenue increase to higher U.S. activity and the Fox Drilling acquisition, which closed on June 30. If AKITA integrates the acquired rigs and employees and keeps them active, the larger business could support further revenue growth. The average analyst target is C$4.88, above the last close of C$3.45. That target is not a guarantee, and the supplied data includes no formal ratings for the Canadian listing.
Bear case
AKITA reported a C$2.8 million net loss, EPS of -C$0.05 and trailing-twelve-month EPS of -C$0.14. Its reported profit margin is -4.53%. The shares also closed below their 50-day moving average of C$3.76 and 200-day moving average of C$3.83. Revenue growth from the acquisition may not improve results if operating costs, integration demands or lower drilling activity continue to weigh on profitability.
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