CES Energy Solutions Corp faced a disappointing earnings report, missing EPS estimates by 18.2%, despite strong revenue growth.
On August 6, 2026, CES Energy Solutions Corp (CEU.TO) reported its second-quarter earnings, revealing an EPS of CAD 0.18, which fell short of the consensus estimate of CAD 0.22. This miss, amounting to an 18.2% surprise, comes despite record revenue and adjusted EBITDA figures. Investors are left to weigh the implications of this earnings miss against the backdrop of robust operational growth and market share gains.
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CES Energy Solutions Corp
CEU.TO
CEU.TO
CES Energy Solutions Corp
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Market cap
$3.87B
P/E
18.9x
52W high
$19.46
52W low
$7.22
1W change
+12.18%
Beta
0.97
Analyst Price Targets
Based on analyst covering CEU
Wall Street analysts forecast CEU stock price to rise 17.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$21.50
+17.3% Upside
Current Price
C$18.33
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CEU's historical volatility
30-Day Vol
42.9%
Annualized
90-Day Vol
38.3%
Annualized
Trend (90d)
+15.6%
Annualized drift
90d Mean
C$19.38
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$18.67 | C$16.11 โ C$21.65 |
| 60 trading days | C$19.03 | C$15.44 โ C$23.45 |
| 90 trading days | C$19.38 | C$15.00 โ C$25.04 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 3 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 | 2026-11-12 | โ | 0.3200 | โ |
| 2026-06-30 | 2026-08-06 | 0.1800 | 0.2200 | -18.2% |
| 2026-03-31 | 2026-05-08 | 0.2400 | 0.2375 | +1.1% |
| 2025-12-31 | 2026-03-10 | 0.3200 | 0.2300 | +39.1% |
| 2025-09-30 | 2025-11-13 | 0.1800 | 0.2100 | -14.3% |
| 2025-06-30 | 2025-08-07 | 0.2300 | 0.1800 | +27.8% |
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Investor takeaway: While CES Energy Solutions delivered strong revenue figures and maintained a bullish outlook, the significant EPS miss may raise concerns about its profitability trajectory. Investors should consider how ongoing market conditions and operational efficiencies could impact future earnings performance.
Bull case
CES Energy Solutions has shown impressive revenue growth, increasing by 24.4% year-over-year to CAD 714.1 million. The company holds a strong market share in North America and anticipates continued growth, particularly in land production chemicals. Its solid cash generation and plans for share repurchases reflect confidence in its operational strategy.
Bear case
The 18.2% EPS miss raises concerns about CES Energy's ability to manage costs effectively in a challenging market. Additionally, management's cautious stance on future margin guidance, along with external factors like supply shortages and price volatility, could pose risks to profitability moving forward.
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