Black Diamond Group Limited (BDI.TO) surprised analysts with a solid earnings report, showing resilience despite challenges.
In its latest earnings report for Q2 2026, Black Diamond Group Limited posted earnings per share (EPS) of CAD 0.09, beating analyst expectations by 12.5%. This performance marks a significant rebound from previous quarters, showcasing the company's strategic adjustments and growth in specific areas.
Recent earnings trend
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Black Diamond Group Limited
BDI.TO
BDI.TO
Black Diamond Group Limited
WealthAwesomeMarket cap
$1.20B
P/E
51.5x
52W high
$20.48
52W low
$11.15
1W change
-7.74%
Beta
1.10
Analyst Price Targets
Based on analyst covering BDI
Wall Street analysts forecast BDI stock price to rise 27.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$22.39
+27.9% Upside
Current Price
C$17.51
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BDI's historical volatility
30-Day Vol
33.3%
Annualized
90-Day Vol
31.5%
Annualized
Trend (90d)
+8.2%
Annualized drift
90d Mean
C$18.03
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$17.68 | C$15.76 – C$19.84 |
| 60 trading days | C$17.86 | C$15.18 – C$21.01 |
| 90 trading days | C$18.03 | C$14.78 – C$22.00 |
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: 3 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | — | 0.1700 | — |
| 2026-06-30 | 2026-07-30 | 0.0900 | 0.0800 | +12.5% |
| 2026-03-31 | 2026-04-30 | 0.0600 | 0.1100 | -45.5% |
| 2025-12-31 | 2026-02-26 | 0.1300 | 0.1600 | -18.8% |
| 2025-09-30 | 2025-10-30 | 0.1500 | 0.1700 | -11.8% |
| 2025-06-30 | 2025-08-07 | 0.1400 | 0.1400 | +0.0% |
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Investor takeaway: The positive earnings surprise indicates that Black Diamond Group is effectively navigating challenges in its business environment, especially in the Workforce Solutions segment. However, investors should be cautious of the ongoing shifts in revenue mix and what they could mean for future profitability.
EPS Surprises with a 12.5% Beat
Black Diamond's EPS growth of 12.5% over estimates signals a turnaround, but historical fluctuations in earnings suggest that caution is warranted moving forward.
Bull case
The company’s strong revenue growth, especially in Workforce Solutions and recurring rental services, along with a solid pipeline of active bids, positions Black Diamond for potential long-term success. The significant increase in utilization rates and bid activity points to a promising outlook.
Bear case
Despite the earnings beat, ongoing pressure from lower-margin services and the need for improved utilization rates could hinder growth. The volatility in revenue streams and the potential impact of economic conditions on project timelines remain concerns.
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