Cascades Inc. delivers a stunning earnings surprise, showcasing resilience and operational strength in a challenging market.
Cascades Inc. (CAS.TO) has reported its second-quarter earnings for 2026, revealing a significant earnings surprise that exceeded analyst expectations. The company's adjusted earnings per share (EPS) came in at CAD 0.24, far surpassing the CAD 0.10 consensus estimate, marking a remarkable 140% increase. This performance highlights the effectiveness of Cascades' operational strategies amidst ongoing economic challenges.
Recent earnings trend
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Cascades Inc.
CAS.TO
CAS.TO
Cascades Inc.
WealthAwesomeMarket cap
$1.83B
P/E
14.6x
Div. yield
2.64%
Div. / share
$0.48
52W high
$18.86
52W low
$9.00
1W change
-2.17%
Beta
0.66
Analyst Price Targets
Based on analyst covering CAS · as of Sep 30, 2026
Wall Street analysts forecast CAS stock price to rise 7.6% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$19.42
+7.6% Upside
Previously C$18.50 on Sep 17, 2026
Current Price
C$18.05
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CAS's historical volatility
30-Day Vol
24.8%
Annualized
90-Day Vol
36.0%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$21.58
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$19.16 | C$17.59 – C$20.87 |
| 60 trading days | C$20.33 | C$18.02 – C$22.95 |
| 90 trading days | C$21.58 | C$18.61 – C$25.02 |
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.
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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 | — | 0.4800 | — |
| 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: Cascades' strong earnings performance, driven by increased sales in both its packaging and tissue segments, suggests a positive trajectory for the company. However, potential U.S. tariffs loom, which investors should monitor closely.
Cascades Reports EPS of CAD 0.24, Surpassing Estimates by 140%
The impressive EPS growth from CAD 0.07 in Q1 2026 to CAD 0.24 in Q2 2026 reflects the company's operational improvements and market adaptability.
Bull case
Cascades has shown it can enhance its operations and boost sales, setting the stage for ongoing growth. Management is optimistic about further improvements and a strong EBITDA run rate, which could lead to sustainable profitability in the upcoming quarters.
Bear case
While the recent earnings beat is encouraging, potential tariffs on U.S. exports could significantly impact profitability. Additionally, rising raw material costs and transportation expenses remain concerns that could squeeze margins.
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