Calfrac Well Services Ltd. has announced strong second-quarter results, surpassing analyst expectations and showcasing robust operational performance.
On August 6, 2026, Calfrac Well Services Ltd. (CFW.TO) released its financial results for the second quarter of 2026, revealing an earnings per share (EPS) of $0.31, a notable 14.8% increase above the estimated $0.27. This marks a continuation of the company's positive earnings trend, having beaten estimates in all of the last four quarters.
Recent earnings trend
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Calfrac Well Services Ltd.
CFW.TO
CFW.TO
Calfrac Well Services Ltd.
WealthAwesomeMarket cap
$692.47M
P/E
9.5x
52W high
$7.35
52W low
$3.02
1W change
-1.85%
Beta
0.51
Analyst Price Targets
Based on analyst covering CFW
Wall Street analysts forecast CFW stock price to rise 36.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$9.38
+36.3% Upside
Current Price
C$6.88
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 CFW's historical volatility
30-Day Vol
35.1%
Annualized
90-Day Vol
45.8%
Annualized
Trend (90d)
+21.9%
Annualized drift
90d Mean
C$7.44
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$7.06 | C$6.26 โ C$7.97 |
| 60 trading days | C$7.25 | C$6.11 โ C$8.60 |
| 90 trading days | C$7.44 | C$6.03 โ C$9.18 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-13 | โ | 0.3200 | โ |
| 2026-06-30 | 2026-08-06 | 0.3100 | 0.2700 | +14.8% |
| 2026-03-31 | 2026-03-31 | โ | -0.0400 | โ |
| 2025-12-31 | 2026-03-19 | 0.1500 | -0.0600 | +350.0% |
| 2025-09-30 | 2025-11-14 | 0.0700 | -0.0100 | +800.0% |
| 2025-06-30 | 2025-08-08 | 0.2700 | 0.1400 | +92.9% |
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Investor takeaway: Calfrac's latest earnings report highlights its strong operational performance and financial flexibility, which could enhance shareholder value in the coming quarters. The companyโs ability to generate free cash flow and reduce debt significantly strengthens its position in a competitive market.
Calfrac Reports EPS of $0.31, Surpassing Estimates by 14.8%
The company's net income of $31.8 million reflects a remarkable 108% increase compared to the same quarter last year, underlining its operational efficiency and market positioning.
Bull case
Calfrac is experiencing strong revenue growth, thanks to increased activity in North America. Their focus on maintaining capital discipline puts them in a good spot for future expansion. Plus, the recent approval for share repurchases could boost returns for shareholders.
Bear case
Even with the positive earnings surprise, there are worries about pricing normalization in international markets, especially in Argentina, which could affect future profitability. Investors should stay cautious about potential volatility in the energy sector.
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