Akita Drilling reported a quarterly loss, despite a sharp year-over-year increase in revenue. Analysts had expected a profit.
Akita Drilling Ltd. (TSX: AKT) released its third-quarter 2026 results after markets closed on November 5. For the quarter ended September 30, earnings per share were -C$0.05, compared with the C$0.06 profit expected by the one analyst in the calendar consensus. That was a negative surprise of 183.3%. Supplemental coverage reported revenue of C$69.2 million, up 55% from a year earlier, and a net loss of C$2.8 million. Revenue growth points to stronger activity, but the company has yet to turn that growth into quarterly profit.
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
-6.85%
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 43.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.88
+43.4% Upside
Current Price
C$3.40
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
33.7%
Annualized
90-Day Vol
40.8%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$2.84
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$3.20 | C$2.85 – C$3.60 |
| 60 trading days | C$3.02 | C$2.56 – C$3.56 |
| 90 trading days | C$2.84 | C$2.33 – C$3.48 |
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 |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-18 | — | 0.0700 | — |
| 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 | — | — |
Investor takeaway: AKITA’s results were mixed. Revenue grew strongly, but earnings missed the available estimate and the company remained unprofitable. Since the consensus came from just one analyst, it offers a limited benchmark. Investors may want to watch whether activity and the integration of Fox Drilling’s assets help improve earnings in the coming quarters.
C$0.11 per-share gap
AKITA reported EPS of -C$0.05, C$0.11 below the C$0.06 estimate. Because the estimate came from one analyst, the miss is worth noting but reflects a narrow consensus.
Bull case
Revenue reportedly rose 55% year over year to C$69.2 million, supported by higher U.S. activity and the addition of Fox Drilling’s assets. If activity holds up and AKITA integrates the acquired operations well, higher revenue could help improve results. The average analyst price target of C$4.88 is above the last close of C$3.40, but price targets are estimates, not promises.
Bear case
AKITA reported a loss of C$0.05 per share, compared with an expected profit of C$0.06. Supplemental reporting put the net loss at C$2.8 million. The company’s trailing EPS is -C$0.14, and its profit margin is -4.53%. The share price is also below its 50-day and 200-day moving averages, while the Wealth Awesome statistical model forecasts a lower 90-day mean. One quarter of results and a consensus based on one analyst offer limited evidence about AKITA’s longer-term earnings prospects.
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