Black Diamond Group reported calendar EPS of C$0.19 for the quarter ended September 30, beating the C$0.13 estimate by 46.2%. That’s a sharp turnaround from the previous quarter’s miss, though results over the past four quarters remain mixed.
Black Diamond Group Limited (TSX: BDI), also known as BDI.TO, reported earnings after market on October 29, 2026, for the fiscal quarter ended September 30. Calendar EPS was C$0.19, compared with the C$0.13 estimate. The company operates modular space and workforce accommodation businesses, as well as a digital marketplace for crew travel. Revenue and margin results weren’t provided, so EPS is the clearest measure available for this update.
Recent earnings trend
Black Diamond Group Limited
BDI.TO
BDI.TO
Black Diamond Group Limited
WealthAwesomeMarket cap
$1.44B
P/E
62.1x
Div. yield
0.86%
Div. / share
$0.17
52W high
$23.14
52W low
$13.33
1W change
+13.13%
Beta
0.99
Analyst Price Targets
Based on analyst covering BDI · as of Oct 9, 2026
Wall Street analysts forecast BDI stock price to rise 8.8% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$22.96
+8.8% Upside
Previously C$22.54 on Oct 6, 2026
Current Price
C$21.11
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 BDI's historical volatility
30-Day Vol
36.8%
Annualized
90-Day Vol
32.6%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$25.24
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$22.40 | C$19.73 – C$25.44 |
| 60 trading days | C$23.78 | C$19.87 – C$28.45 |
| 90 trading days | C$25.24 | C$20.26 – C$31.44 |
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: 2 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-25 | — | 0.1500 | — |
| 2026-09-30 | 2026-10-29 | 0.1900 | 0.1300 | +46.2% |
| 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% |
Investor takeaway: The earnings beat is encouraging, particularly after a 45.5% miss in the March quarter. But BDI beat estimates in only two of its last four reported quarters, so the recent pattern is still uneven. Investors will want to see whether earnings growth continues and whether the company can turn demand into profitable cash flow. The supplied figures show a P/E of 62.1, a profit margin of 4.6% and a dividend yield of 0.86%. They add context, but don’t show on their own whether the shares are attractively valued.
C$0.19 EPS, 46.2% above estimate
BDI’s calendar EPS of C$0.19 was C$0.06 above the C$0.13 estimate. The company beat estimates in two of its last four reported quarters. In the previous quarter, EPS was C$0.09 against an estimate of C$0.08. In the March quarter, BDI missed by 45.5%.
Bull case
The September-quarter earnings result came in well above expectations. The supplied calendar data also projected year-over-year EPS growth of 13.9% and revenue growth of 35.5%. Black Diamond’s modular rental and workforce accommodation assets serve customers in industrial, construction, infrastructure and resource markets. If demand and asset use remain strong, the latest result could point to a better operating outlook. At the last reported close, the share price was also above its 50-day and 200-day moving averages.
Bear case
One earnings beat doesn’t prove that growth is accelerating. BDI missed estimates in the March and December 2025 quarters. Its trailing EPS was C$0.34, alongside a P/E of 62.1 in the supplied snapshot. Because the business relies on significant assets, investors should also watch cash generation and how the company deploys its capital. A recent news report cited trailing free cash flow of C$8.54 million in outflow, while the valuation discussion depended on a future recovery in cash flow. Revenue, margins and cash-flow details for the latest quarter weren’t provided.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
