Canadian Utilities Limited (CU.TO) has performed well in its latest earnings report, exceeding expectations and showing growth in its core business areas.
On July 29, 2026, Canadian Utilities Limited announced its second-quarter earnings, reporting adjusted earnings of $140 million, or $0.51 per share, which is 6.25% above what analysts predicted. This continues a trend of solid earnings for the company, as it has beaten estimates in three of the last four quarters.
Recent earnings trend
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Canadian Utilities Limited
CU.TO
CU.TO
Canadian Utilities Limited
WealthAwesomeMarket cap
$15.17B
P/E
348.3x
Div. yield
3.25%
Div. / share
$1.84
52W high
$56.90
52W low
$35.98
1W change
-0.23%
Beta
0.59
Analyst Price Targets
Based on analyst covering CU
Wall Street analysts forecast CU stock price to fall 2.8% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$54.14
-2.8% Upside
Current Price
C$55.72
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 CU's historical volatility
30-Day Vol
16.6%
Annualized
90-Day Vol
15.7%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$66.61
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$59.14 | C$55.84 – C$62.62 |
| 60 trading days | C$62.76 | C$57.88 – C$68.06 |
| 90 trading days | C$66.61 | C$60.32 – C$73.56 |
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: 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 | 2026-11-06 | — | 0.4300 | — |
| 2026-06-30 | 2026-07-29 | 0.5100 | 0.4800 | +6.3% |
| 2026-03-31 | 2026-05-05 | 0.8900 | 0.8698 | +2.3% |
| 2025-12-31 | 2026-02-26 | 0.7200 | 0.7200 | +0.0% |
| 2025-09-30 | 2025-11-07 | 0.4000 | 0.3900 | +2.6% |
| 2025-06-30 | 2025-07-31 | 0.4500 | 0.4400 | +2.3% |
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Investor takeaway: For Canadian investors, this earnings beat signals that the company is operating efficiently and has growth potential, especially with ongoing infrastructure projects like the Yellowhead Pipeline.
EPS of $0.51 Beats Estimates by 6.3%
The reported EPS of $0.51 shows a year-over-year growth of 13.3% compared to $0.45 in Q2 2025, reflecting strong performance amid rising energy demand.
Bull case
The company's focus on capital expenditures, especially in regulated utilities, positions it well for future growth. Successfully completing key projects like the Yellowhead Pipeline could significantly boost its revenue, enhancing long-term value for shareholders.
Bear case
Despite the positive earnings, Canadian Utilities has a high P/E ratio of 348.25, which might suggest it's overvalued. Additionally, changes in market conditions and regulations could affect future earnings and operational performance.
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Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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