Cascades Inc. has delivered a surprising earnings report, showing a 140% increase over expectations in its latest quarterly results.
Cascades Inc. (CAS.TO) announced its second-quarter earnings on August 6, 2026, showcasing a performance that significantly exceeded analyst predictions. The company reported adjusted earnings per share (EPS) of CAD 0.24, well above the estimated CAD 0.10. This not only marks a return to profitability but also highlights strength across its key business segments.
Recent earnings trend
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Cascades Inc.
CAS.TO
CAS.TO
Cascades Inc.
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Market cap
$1.73B
P/E
17.0x
Div. yield
1.55%
Div. / share
$0.24
52W high
$17.04
52W low
$9.06
1W change
+26.35%
Beta
0.66
Analyst Price Targets
Based on analyst covering CAS
Wall Street analysts forecast CAS stock price to fall 13.8% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.67
-13.8% Upside
Current Price
C$17.02
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 CAS's historical volatility
30-Day Vol
48.7%
Annualized
90-Day Vol
36.8%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$20.35
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$18.06 | C$15.27 โ C$21.37 |
| 60 trading days | C$19.17 | C$15.12 โ C$24.32 |
| 90 trading days | C$20.35 | C$15.21 โ C$27.22 |
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: 5 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 | 2026-11-05 | โ | 0.4800 | โ |
| 2026-06-30 | 2026-08-06 | 0.2400 | 0.1000 | +140.0% |
| 2026-03-31 | 2026-05-06 | 0.0700 | 0.0753 | -7.0% |
| 2025-12-31 | 2026-02-26 | 0.4000 | 0.3800 | +5.3% |
| 2025-09-30 | 2025-11-06 | 0.3800 | 0.3000 | +26.7% |
| 2025-06-30 | 2025-08-07 | 0.1900 | 0.1900 | +0.0% |
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Investor takeaway: Investors should pay attention to Cascades' strong operational performance and its ability to navigate economic challenges. The notable EPS surprise indicates that the company is on a solid growth path, particularly in its packaging segment, which is expected to keep improving throughout the year.
Cascades Reports EPS of CAD 0.24, Surpassing Estimates by 140%
The significant EPS surprise underscores Cascades' operational strength, with adjusted EBITDA rising to CAD 140 million, reflecting a 2% increase year-over-year despite higher costs.
Bull case
Cascades' strong performance in the packaging sector, with an 8% increase in sales and a 16% rise in adjusted EBITDA, shows robust demand and effective cost management. The company's strategic initiatives and growing production capacity could lead to continued growth and profitability in the upcoming quarters.
Bear case
Despite the positive results, potential U.S. tariffs on certain products could affect Cascades' profitability. Additionally, rising raw material costs and transportation expenses present risks to margins that investors should keep an eye on.
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