Cascades reported quarterly EPS of C$0.33, below the analyst estimate of C$0.39. The result adds to a mixed record: the company has met or beaten estimates in two of its last four quarters.
Cascades Inc. (TSX: CAS) released earnings before market open on November 5 for the quarter ended September 30, 2026. EPS was C$0.33, 15.4% below the C$0.39 consensus. Analysts expected revenue of about C$1.25 billion, but the available results don’t include actual revenue, so we can’t compare it with the estimate. Cascades makes packaging and tissue products. Its packaging business serves markets such as e-commerce and food packaging. For company information and market data, visit the Cascades stock page.
Recent earnings trend
Cascades Inc.
CAS.TO
CAS.TO
Cascades Inc.
WealthAwesomeMarket cap
$1.69B
P/E
13.4x
Div. yield
2.65%
Div. / share
$0.48
52W high
$18.86
52W low
$10.07
1W change
+5.91%
Beta
0.70
Analyst Price Targets
Based on analyst covering CAS · as of Oct 19, 2026
Wall Street analysts forecast CAS stock price to rise 20.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$20.08
+20.6% Upside
Previously C$19.58 on Oct 15, 2026
Current Price
C$16.65
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
37.9%
Annualized
90-Day Vol
39.9%
Annualized
Trend (90d)
-10.7%
Annualized drift
90d Mean
C$16.03
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$16.44 | C$14.42 – C$18.74 |
| 60 trading days | C$16.23 | C$13.49 – C$19.53 |
| 90 trading days | C$16.03 | C$12.77 – C$20.10 |
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: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | 0.3300 | 0.3900 | -15.4% |
| 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% |
Investor takeaway: The EPS miss is the clearest reported result, but the available data doesn’t include actual revenue, margins, or management commentary to explain it. In the 30 days before the report, the EPS estimate rose from C$0.38 to C$0.39, with two upward revisions and none downward. Cascades has beaten estimates in two of its last four quarters, so its recent record is mixed. The company’s packaging and tissue businesses, along with the Bear Island mill’s efficiency ramp-up noted in recent coverage, provide useful context. But the available figures don’t show how these factors affected the quarter.
C$0.33 EPS versus C$0.39 expected
Cascades missed the quarterly EPS estimate by C$0.06 per share, or 15.4%. In the previous quarter, it reported EPS of C$0.24 against an estimate of C$0.10. In March, it reported C$0.07 against an estimate of C$0.0753. Cascades beat estimates in two of its last four reported quarters.
Bull case
Cascades sells packaging for e-commerce and food markets, as well as tissue products. Recent coverage has highlighted the Bear Island mill’s ramp-up and efforts to reduce chemical and material use as potential ways to improve productivity and margins. The shares closed at C$16.65, above their 200-day moving average of C$13.53. The average analyst target of C$20.08 is 20.6% above that closing price. Analyst targets are estimates, not guarantees.
Bear case
Cascades’ EPS of C$0.33 fell short of the C$0.39 estimate. The available results don’t include actual revenue or margins, so they don’t explain the miss. The company’s reported profit margin is 2.64%, leaving limited room to absorb pressure if costs rise or pricing weakens. The shares closed below their 50-day moving average of C$17.34, and the statistical 90-day model’s average forecast is below the current price. Neither technical indicators nor model estimates predict what the shares will do next.
Analysis
Cascades reported EPS of C$0.33 for the quarter ended September 30, 2026, compared with the C$0.39 estimate. That’s a shortfall of C$0.06 per share, or 15.4%. The company released its results before market open on November 5. Analysts had expected revenue of C$1.25 billion, but the available data doesn’t include reported revenue, so we can’t tell whether sales met expectations. Actual margins and management’s explanation of the results are also unavailable.
The EPS estimate edged up from C$0.38 to C$0.39 in the month before the report, with two upward revisions and none downward. That slight increase makes the miss notable, but it doesn’t explain what caused it. Without the full results and management commentary, investors shouldn’t assume what drove the EPS figure.
Analysis
Cascades beat estimates in two of its last four reported quarters. In June, EPS was C$0.24 against an estimate of C$0.10. In December, it was C$0.40 against C$0.38. The company missed in March, reporting C$0.07 against an estimate of C$0.0753, and again in September. The recent earnings history shows a variable record, not a consistent pattern of beats.
Cascades makes packaging and tissue products. Its packaging business is tied to demand for fiber-based e-commerce and food packaging. Recent company coverage has pointed to the Bear Island mill’s efficiency ramp-up and efforts to reduce chemical and material use as possible ways to support packaging productivity. These are relevant business developments, but the available quarterly data doesn’t show whether they improved results. For more company details, visit the Cascades stock page.
Analysis
The average analyst price target is C$20.08, compared with the November 5 closing price of C$16.65. That suggests 20.6% upside. The source describes the consensus as bullish based on the average target relative to the latest close. A formal rating isn’t available for this Canadian listing. Targets are estimates and can change. See the analyst ratings section for more context.
Wealth Awesome’s statistical 90-day price model has an average forecast of C$16.03. Its 68% range is C$12.77 to C$20.10, and its 95% range is C$10.18 to C$25.22. The average forecasts for 30, 60, and 90 days are C$16.44, C$16.23, and C$16.03. This statistical model isn’t financial advice or a price target. Its ranges show uncertainty, not guaranteed outcomes. See the price prediction section for details.
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