Cascades reported quarterly EPS of C$0.33, below the C$0.39 consensus estimate. The result adds to a mixed recent record: the company has beaten 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 had expected modest year-over-year growth in EPS and revenue, but the results provided here don’t include actual revenue or margin figures. For Canadian investors, the key question is whether Cascades can turn packaging demand and better mill productivity into stronger earnings while controlling input and logistics costs.
Recent earnings trend
Cascades Inc.
CAS.TO
CAS.TO
Cascades Inc.
WealthAwesomeMarket cap
$1.66B
P/E
13.0x
Div. yield
0.75%
Div. / share
$0.12
52W high
$18.86
52W low
$10.07
1W change
-9.07%
Beta
0.70
Analyst Price Targets
Based on analyst covering CAS · as of Nov 10, 2026
Wall Street analysts forecast CAS stock price to rise 24.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$20.17
+24.2% Upside
Previously C$20.08 on Oct 19, 2026
Current Price
C$16.24
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
39.4%
Annualized
90-Day Vol
40.6%
Annualized
Trend (90d)
-34.3%
Annualized drift
90d Mean
C$14.37
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$15.59 | C$13.61 – C$17.86 |
| 60 trading days | C$14.97 | C$12.35 – C$18.14 |
| 90 trading days | C$14.37 | C$11.35 – C$18.19 |
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 is a setback, but one quarter doesn’t determine Cascades’ longer-term outlook for packaging and tissue. The company has beaten estimates in two of its last four reported quarters. Recent commentary has also pointed to production ramp-ups at Bear Island and Greenpac, alongside continued cost pressures. Investors should watch for signs that higher production is improving margins, rather than assume that more volume alone will boost earnings. See the Cascades stock page for company and market information.
C$0.33 EPS versus C$0.39 expected
EPS came in C$0.06 below consensus, a 15.4% miss. The estimate edged up over the previous 30 days, from C$0.38 to C$0.39. In the last four reported quarters, Cascades beat estimates twice: EPS topped consensus in June 2026 and December 2025, but fell short in March and September 2026. The automatically inserted earnings trend table and chart show the results quarter by quarter.
Bull case
Cascades makes recycled packaging, e-commerce boxes, protective cardboard products and tissue. Its packaging business could benefit from demand for fiber-based shipping and food packaging. Recent company commentary cited in market coverage points to Bear Island moving toward the efficiency levels at Greenpac, as well as efforts to use less chemicals and materials. If these productivity gains take hold, they could help offset higher logistics, fuel and chemical costs. The supplied analyst targets also suggest potential upside from the last close, though targets are estimates, not guarantees.
Bear case
The latest EPS miss shows that earnings fell short of expectations. Cascades’ reported profit margin is 2.64%, leaving limited room to absorb higher costs without affecting profitability. Market coverage has flagged logistics, fuel and chemical costs as possible barriers to margin improvement. The stock has also been weak over the past week and month, while the statistical 90-day model forecasts a lower mean price. Neither recent share-price moves nor model estimates tell us what the business will earn next.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
