Cargojet's latest earnings report reveals a significant miss on EPS estimates, raising concerns about its growth trajectory.
Cargojet Inc. (CJT.TO) reported its Q2 2026 financial results on August 10, 2026, posting an EPS of $0.67, which fell short of the $0.79 estimate by 15.2%. This disappointing performance comes amidst mixed revenue expectations and competitive pressures in the air freight and logistics sector.
Recent earnings trend
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Cargojet Inc
CJT.TO
CJT.TO
Cargojet Inc
WealthAwesomeMarket cap
$1.19B
P/E
26.0x
Div. yield
1.83%
Div. / share
$1.47
52W high
$101.71
52W low
$64.71
1W change
-4.15%
Beta
1.16
Analyst Price Targets
Based on analyst covering CJT
Wall Street analysts forecast CJT stock price to rise 51.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$121.85
+51.5% Upside
Current Price
C$80.44
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 CJT's historical volatility
30-Day Vol
34.4%
Annualized
90-Day Vol
30.7%
Annualized
Trend (90d)
-9.3%
Annualized drift
90d Mean
C$77.81
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$79.55 | C$70.64 โ C$89.59 |
| 60 trading days | C$78.68 | C$66.51 โ C$93.08 |
| 90 trading days | C$77.81 | C$63.34 โ C$95.59 |
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: 9 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 |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-10 | 0.6700 | 0.7900 | -15.2% |
| 2026-03-31 | 2026-05-04 | 0.6000 | 0.8300 | -27.7% |
| 2025-12-31 | 2026-02-24 | 1.4700 | 1.0000 | +47.0% |
| 2025-09-30 | 2025-11-04 | 0.3200 | 0.9100 | -64.8% |
| 2025-06-30 | 2025-08-06 | 1.0200 | 0.9900 | +3.0% |
| 2025-03-31 | 2025-04-28 | 1.6200 | 1.0255 | +58.0% |
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Investor takeaway: Investors should be cautious as Cargojet's recent earnings miss reflects ongoing challenges in maintaining profitability amidst fluctuating market conditions. The company faces pressure to improve its earnings performance in the upcoming quarters, especially with analyst forecasts suggesting a rebound is necessary to restore investor confidence.
Cargojet's EPS Misses Estimates by 15.2%
Cargojet's EPS of $0.67 is a stark decline from the estimated $0.79, marking a concerning trend as the company has only beaten estimates once in the last four quarters.
Bull case
Cargojet has shown resilience in its operations, backed by a strong domestic revenue base and a strategic focus on expanding its logistics services. Analysts remain optimistic, with an average price target of C$116.77, suggesting potential upside from current levels.
Bear case
The recent earnings miss could signal deeper operational issues, especially given the company's history of earnings volatility. With a profit margin of just 3.64% and a P/E ratio of 35.68, concerns about sustainable growth and profitability are prevalent among investors.
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