Cineplex reported record quarterly revenue and more than doubled adjusted EBITDA, but earnings per share (EPS) came in 27.7% below the calendar estimate.
Cineplex Inc. (TSX: CGX) reported results for the third quarter of 2026, which ended September 30. Calendar EPS was C$0.34, compared with an estimate of C$0.47. This was the company’s fourth consecutive comparable quarter below estimates.
Recent earnings trend
Cineplex Inc.
CGX.TO
CGX.TO
Cineplex Inc.
WealthAwesomeMarket cap
$908.50M
P/E
144.2x
52W high
$14.54
52W low
$9.15
1W change
+9.74%
Beta
0.73
Analyst Price Targets
Based on analyst covering CGX · as of Oct 29, 2026
Wall Street analysts forecast CGX stock price to fall 2.6% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.04
-2.6% Upside
Previously C$13.88 on Oct 19, 2026
Current Price
C$14.42
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 CGX's historical volatility
30-Day Vol
26.3%
Annualized
90-Day Vol
30.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$17.24
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$15.30 | C$13.97 – C$16.76 |
| 60 trading days | C$16.24 | C$14.28 – C$18.47 |
| 90 trading days | C$17.24 | C$14.73 – C$20.18 |
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: 3 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-11 | — | 0.1900 | — |
| 2026-09-30 | 2026-11-06 | 0.3400 | 0.4700 | -27.7% |
| 2026-06-30 | 2026-08-11 | 0.1200 | 0.2000 | -40.0% |
| 2026-03-31 | 2026-05-11 | -0.3600 | -0.3000 | -20.0% |
| 2025-12-31 | 2026-02-11 | 0.0700 | 0.1800 | -61.1% |
| 2025-09-30 | 2025-11-06 | -0.0500 | 0.2400 | -120.8% |
The earnings miss came alongside strong operating results. Revenue reached a quarterly record of C$440.2 million, attendance rose 23.1%, and adjusted EBITDA more than doubled year over year to C$70.7 million. For investors, the key question is how to weigh strong cinema operations against weaker-than-expected per-share earnings.
Investor takeaway: The EPS miss matters, but it doesn’t capture the full picture. Cineplex reported record revenue, higher attendance and stronger adjusted EBITDA, and lowered its simple leverage ratio to 2.9 times. Those gains come with risks, including a negative reported profit margin, uncertainty in the media segment and no update on the strategic review. Investors will want to see whether strong box-office demand and cost discipline lead to more consistent earnings.
C$440.2 million in quarterly revenue
Revenue rose 26.2% year over year to a record, supported by 23.1% attendance growth. Adjusted EBITDA increased to C$70.7 million from C$33.3 million a year earlier. Calendar EPS, however, missed its estimate by 27.7%.
Bull case
Attendance rose 23.1% to 14.8 million guests, lifting box-office revenue by 35.2% and food-service revenue by 27%. Adjusted EBITDA more than doubled to C$70.7 million, and adjusted free cash flow reached C$52.9 million. Cineplex also lowered its simple leverage ratio to 2.9 times, within its target range. Management said the 2027 film slate looks constructive, with releases expected throughout the year.
Bear case
EPS of C$0.34 fell short of the C$0.47 estimate. Cineplex has also missed estimates in each of its last four comparable quarters. Its reported profit margin remains negative at -0.96%, media revenue was relatively flat, and location-based entertainment revenue fell 1.7%. Management provided no update or timeline for its strategic review, leaving shareholders with an important unanswered question.
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.
