Cascades reported quarterly EPS of C$0.33, below the C$0.39 consensus estimate. Results have been mixed: the company beat estimates in two of its last four reported quarters.
Cascades Inc. (TSX: CAS) reported 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 estimate. Analysts expected revenue of C$1.25 billion and year-over-year growth of 0.8%, but actual revenue was not included in the available results. Cascades makes fiber-based packaging and tissue products. Investors will be watching how performance and costs in those businesses affect earnings. See the Cascades stock page for company data and coverage.
Recent earnings trend
Cascades Inc.
CAS.TO
CAS.TO
Cascades Inc.
WealthAwesomeMarket cap
$1.63B
P/E
12.7x
Div. yield
0.72%
Div. / share
$0.12
52W high
$18.86
52W low
$10.07
1W change
-7.60%
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 26.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$20.08
+26.2% Upside
Previously C$19.58 on Oct 15, 2026
Current Price
C$15.92
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
39.8%
Annualized
90-Day Vol
40.6%
Annualized
Trend (90d)
-35.4%
Annualized drift
90d Mean
C$14.03
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$15.26 | C$13.31 – C$17.51 |
| 60 trading days | C$14.63 | C$12.05 – C$17.77 |
| 90 trading days | C$14.03 | C$11.06 – C$17.79 |
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 |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-25 | — | 0.4400 | — |
| 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% |
Investor takeaway: The EPS miss fell short of expectations, but the available results don’t explain why. They include no actual revenue, margin figures or management commentary. Cascades has beaten estimates twice and missed twice in the last four reported quarters. The shares closed at C$15.92, below the 50-day moving average of C$17.34 and above the 200-day average of C$13.56. These figures offer market context, but don’t explain the earnings result.
C$0.33 EPS versus C$0.39 expected
The 15.4% shortfall followed a previous-quarter result of C$0.24 per share, compared with an estimate of C$0.10. Over the last four reported quarters, Cascades beat estimates twice and missed twice.
Bull case
Cascades operates in packaging and tissue. Demand for fiber-based packaging is tied in part to e-commerce and food packaging. Company coverage has also pointed to the Bear Island mill ramp-up and efforts to reduce chemical and material use as potential ways to improve productivity. The average analyst target is C$20.08, 26.2% above the last close of C$15.92. Analyst targets are estimates, not promises.
Bear case
Cascades missed consensus, and the available data don’t include actual revenue or margins to help explain the shortfall. Its reported profit margin is 2.64%, which leaves earnings sensitive to changes in costs and pricing. The shares were down 10.46% over one month, based on the supplied market data. Analyst targets and model forecasts can change and aren’t reliable predictions of future results.
Analysis
Cascades reported EPS of C$0.33 for the quarter ended September 30, 2026, compared with the C$0.39 consensus estimate from five analysts. That’s a 15.4% miss. The estimate had risen slightly from C$0.38 a month earlier. In the 30 days before the report, two analysts revised their estimates upward and none revised theirs downward. Consensus had expected year-over-year EPS growth of 1.9%, based on year-ago EPS of C$0.38.
Analysts expected revenue of C$1.25 billion, with year-over-year growth of 0.8%, but actual revenue wasn’t included in the available results. The results also didn’t include actual margins or a company explanation for the miss. So it’s not clear whether the gap came from sales, costs or another factor. The recent earnings trend table and chart show the quarter-by-quarter comparison. In short, Cascades beat estimates in two of its last four reported quarters.
Analysis
Cascades makes fiber-based packaging and tissue products. Recent company coverage has highlighted the Bear Island mill ramp-up toward Greenpac-level efficiencies and efforts to reduce chemical and material use as possible ways to improve packaging productivity. These points provide business context, but don’t confirm what drove this quarter’s results.
The next useful details will be actual revenue, segment performance and management’s comments on costs and operating efficiency. Cascades has a reported profit margin of 2.64%, so changes in operating performance can affect its bottom line. The supplied last close was C$15.92. The shares were down 4.38% over one day, 7.60% over one week and 10.46% over one month. These figures provide market context, but don’t show that the earnings release caused the price moves.
Analysis
The average analyst price target is C$20.08, compared with the supplied last close of C$15.92. That implies 26.2% upside to the average target. The data describe analyst sentiment as bullish based on the target compared with the last close, but a formal rating isn’t available for this Canadian listing. Targets are estimates and can change. Review the analyst ratings and targets alongside the assumptions behind them.
Analysis
Wealth Awesome’s statistical 90-day model gives a mean forecast of C$14.03. Its 68% range is C$11.06 to C$17.79, and its 95% range is C$8.72 to C$22.57. The model’s mean forecasts for 30, 60 and 90 days are C$15.26, C$14.63 and C$14.03. It reports annualized drift of -35.4% and 30-day volatility of 39.8%. This is a statistical model, not financial advice or a guaranteed price outcome. See the Cascades forecast details and company stock page.
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