Cavvy Energy reported quarterly EPS of C$0.03, above the C$0.02 estimate. But its shares were already under pressure around the report, and earnings per share are only one part of the investment picture.
Cavvy Energy Ltd. (TSX: CVVY) reported results after the market closed on November 5, 2026, for the quarter ended September 30. EPS was C$0.03, compared with the C$0.02 estimate—a 50% beat. The company operates in Western Canada’s sour natural gas sector, with both upstream and midstream operations. The available data doesn’t include quarterly revenue or margins, so EPS is the clearest measure of the results.
Recent earnings trend
Cavvy Energy Ltd.
CVVY.TO
CVVY.TO
Cavvy Energy Ltd.
WealthAwesomeMarket cap
$603.25M
P/E
97.5x
52W high
$2.70
52W low
$0.81
1W change
-22.62%
Beta
0.48
Analyst Price Targets
Based on analyst covering CVVY · as of Nov 9, 2026
Wall Street analysts forecast CVVY stock price to rise 57.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$3.08
+57.7% Upside
Previously C$2.83 on Oct 23, 2026
Current Price
C$1.95
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 CVVY's historical volatility
30-Day Vol
62.2%
Annualized
90-Day Vol
55.7%
Annualized
Trend (90d)
+17.6%
Annualized drift
90d Mean
C$2.08
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$1.99 | C$1.61 – C$2.47 |
| 60 trading days | C$2.03 | C$1.50 – C$2.75 |
| 90 trading days | C$2.08 | C$1.43 – C$3.01 |
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: 1 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 | 0.0300 | 0.0200 | +50.0% |
| 2026-06-30 | 2026-08-11 | 0.0500 | 0.0500 | +0.0% |
| 2026-03-31 | 2026-05-07 | 0.0100 | 0.0100 | +0.0% |
| 2025-12-31 | 2026-03-18 | -0.0055 | -0.0500 | +89.0% |
| 2025-09-30 | 2025-11-05 | -0.0347 | — | — |
| 2025-06-30 | 2025-08-12 | 0.0143 | — | — |
Investor takeaway: Cavvy posted a modest EPS figure that topped expectations, but its recent record is mixed. It beat estimates in two of the last four reported quarters and met them in the other two. Investors should also consider the company’s thin profit margin, high reported P/E and recent share-price weakness. The next-quarter EPS estimate is C$0.04, based on one analyst. That’s a limited reference, not a broad consensus.
C$0.03 EPS versus C$0.02 expected
The 50% beat came down to a C$0.01 difference per share. One analyst expects next-quarter EPS of C$0.04, compared with a loss of C$0.03 a year earlier. The estimate rose from C$0.01 to C$0.04 over the past 30 days. With only one analyst contributing, the forecast is uncertain.
Bull case
This latest EPS beat adds to a record of two positive surprises in the last four comparable quarters. Cavvy’s sour-gas operations and infrastructure in Alberta and northeast British Columbia could benefit from changes in processing, transportation and realized prices. A recent company update also points to a 2026 sulfur pricing agreement that is expected to raise realized prices above historical contract levels. The effect on earnings will depend on execution and other operating factors.
Bear case
The beat was just C$0.01 per share, and the available data doesn’t include quarterly revenue or margins to show whether the company’s broader operations improved. Cavvy reported a 2.85% profit margin, a P/E of 97.5 and trailing EPS of C$0.02. Its shares closed at C$1.95, below the C$2.35 50-day moving average, after falling 8.45% in one day and 22.62% in one week. Those figures show recent weakness, but they don’t prove the earnings report caused it.
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