Cogeco Communications Inc. reported strong earnings, exceeding estimates and showcasing resilience in a challenging market.
On July 15, 2026, Cogeco Communications Inc. (CCA.TO) released its financial results for the third quarter ending May 31, 2026. The company reported earnings per share (EPS) of $2.35, beating analyst expectations of $2.20 by 6.8%. Despite a decrease in revenue, Cogeco demonstrated solid performance in its Canadian operations, especially in wireless services.
Recent earnings trend
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Cogeco Communications Inc
CCA.TO
CCA.TO
Cogeco Communications Inc
WealthAwesomeMarket cap
$2.67B
P/E
8.5x
52W high
$76.19
52W low
$58.24
1W change
+1.35%
Beta
0.67
Analyst Price Targets
Based on analyst covering CCA
Wall Street analysts forecast CCA stock price to rise 13.3% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$72.91
+13.3% Upside
Current Price
C$64.35
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CCA's historical volatility
30-Day Vol
17.8%
Annualized
90-Day Vol
26.0%
Annualized
Trend (90d)
+6.7%
Annualized drift
90d Mean
C$65.91
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$64.87 | C$61.01 โ C$68.97 |
| 60 trading days | C$65.39 | C$59.95 โ C$71.31 |
| 90 trading days | C$65.91 | C$59.27 โ C$73.30 |
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: 8 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-05-31 | 2026-07-15 | 2.3500 | 2.2000 | +6.8% |
| 2026-02-28 | 2026-04-09 | 1.8900 | 2.0700 | -8.7% |
| 2025-11-30 | 2026-01-14 | 2.1100 | 2.0500 | +2.9% |
| 2025-08-31 | 2025-10-29 | 2.0900 | 1.9400 | +7.7% |
| 2025-05-31 | 2025-07-15 | 1.8200 | 1.9400 | -6.2% |
| 2025-02-28 | 2025-04-09 | 1.9000 | 1.6700 | +13.8% |
Investor takeaway: Cogeco's ability to outperform EPS estimates in a competitive environment, despite a revenue decline, highlights its operational strengths, particularly in Canada. Investors should keep an eye on the ongoing competitive pressures in the U.S. telecommunications sector while assessing future growth prospects.
Bull case
Cogeco's strong year-on-year growth in adjusted EBITDA in Canada, along with its successful wireless sales, positions the company for continued success. The expansion of its digital services and the positive churn benefits from fixed-mobile convergence further enhance its growth outlook.
Bear case
The significant impairment charges in the American telecommunications segment and the competitive pressures affecting revenue growth raise concerns about the company's future performance, particularly in the U.S. market. Investors should be cautious of ongoing challenges that could impact profitability.
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