Calian Technologies Ltd has posted a significant earnings surprise, exceeding analysts' expectations with a robust performance in its recent fiscal quarter.
On August 12, 2026, Calian Technologies Ltd (CGY.TO) reported its third-quarter earnings for fiscal 2026, showcasing a remarkable 29.4% beat over analysts' estimates. The company delivered an earnings per share (EPS) of CAD 1.10, surpassing the consensus estimate of CAD 0.85. This marks the third earnings surprise in the last four quarters, underscoring Calian's strong operational performance amid a challenging market landscape.
Recent earnings trend
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Calian Technologies Ltd
CGY.TO
CGY.TO
Calian Technologies Ltd
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Market cap
$936.28M
P/E
24.6x
Div. yield
1.34%
Div. / share
$1.12
52W high
$95.50
52W low
$44.37
1W change
+0.07%
Beta
0.94
Analyst Price Targets
Based on analyst covering CGY
Wall Street analysts forecast CGY stock price to rise 31.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$106.75
+31.3% Upside
Current Price
C$81.33
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CGY's historical volatility
30-Day Vol
48.3%
Annualized
90-Day Vol
50.3%
Annualized
Trend (90d)
-9.4%
Annualized drift
90d Mean
C$78.63
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$80.42 | C$68.07 โ C$95.01 |
| 60 trading days | C$79.52 | C$62.82 โ C$100.66 |
| 90 trading days | C$78.63 | C$58.92 โ C$104.95 |
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.
Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-30 | โ | 0.8300 | โ |
| 2026-06-30 | 2026-08-12 | 1.1000 | 0.8500 | +29.4% |
| 2026-03-31 | 2026-05-14 | 1.3000 | 0.9700 | +34.0% |
| 2025-12-31 | 2026-02-12 | 1.0300 | 0.9100 | +13.2% |
| 2025-09-30 | 2025-11-26 | 1.0000 | 1.0700 | -6.5% |
| 2025-06-30 | 2025-08-13 | 1.0000 | 1.1700 | -14.5% |
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Investor takeaway: Investors should note Calian's solid earnings growth, driven by its expanding presence in defense and essential industries. With a robust backlog and strategic acquisitions, the company appears well-positioned for continued growth, despite slight pressures on margins and economic headwinds.
EPS Surprises by 29.4% with CAD 1.10 vs. CAD 0.85 Estimate
Calian's EPS of CAD 1.10 not only exceeded estimates but also reflects a consistent trend of earnings surprises, with the company beating estimates in three of the last four quarters. This trend signals robust operational execution and market demand.
Bull case
The bullish case for Calian is based on its strong revenue growth, especially in the defense sector, and a substantial backlog that supports future earnings. The recent 15-year agreement with Raytheon UK is expected to significantly boost revenue, potentially doubling the initial contract value through variable work. Additionally, Calian's focus on acquisitions and investments in North America and Europe positions it well for long-term growth.
Bear case
On the flip side, there are some concerns about Calian's profit margins, which, while improving, still lag behind industry averages. The company also faces potential challenges from economic uncertainties and competition in the commercial services sector, which could affect its future performance.
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