Coveo reported quarterly EPS of C$0.0107, 7.0% above the C$0.01 estimate. That extends its streak to four quarters above estimates, though the company remains unprofitable on a trailing basis.
Coveo Solutions Inc. (TSX: CVO) reported results after the market closed on October 29 for the quarter ended September 30, 2026. EPS was C$0.0107, compared with the C$0.01 consensus from two analysts. The supplied earnings data does not include actual revenue or margins for the quarter, so EPS is the clearest measure available here.
Recent earnings trend
Coveo Solutions Inc
CVO.TO
CVO.TO
Coveo Solutions Inc
WealthAwesomeMarket cap
$447.96M
52W high
$7.52
52W low
$3.59
1W change
-3.05%
Beta
1.14
Analyst Price Targets
Based on analyst covering CVO · as of Oct 30, 2026
Wall Street analysts forecast CVO stock price to rise 34.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$6.43
+34.9% Upside
Previously C$6.46 on Oct 29, 2026
Current Price
C$4.77
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 CVO's historical volatility
30-Day Vol
43.8%
Annualized
90-Day Vol
43.1%
Annualized
Trend (90d)
+35.8%
Annualized drift
90d Mean
C$5.42
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$4.98 | C$4.28 – C$5.79 |
| 60 trading days | C$5.19 | C$4.20 – C$6.43 |
| 90 trading days | C$5.42 | C$4.17 – C$7.04 |
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: 2 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | 0.0107 | 0.0100 | +7.0% |
| 2026-06-30 | 2026-07-30 | 0.0030 | -0.0100 | +130.0% |
| 2026-03-31 | 2026-05-27 | 0.0129 | 0.0033 | +290.9% |
| 2025-12-31 | 2026-01-29 | -0.0200 | -0.0600 | +66.7% |
| 2025-09-30 | 2025-10-30 | 0.0200 | -0.0010 | +2100.0% |
| 2025-06-30 | 2025-07-31 | -0.0800 | -0.0100 | -700.0% |
Investor takeaway: Coveo has beaten quarterly EPS estimates four quarters in a row, but this quarter’s surprise was small and doesn’t prove the company can sustain profitability. Trailing EPS is -C$0.29, and the profit margin is -12.98%. Investors should separate estimate beats from lasting progress and watch revenue growth and profitability in future reports.
C$0.0107 EPS, 7.0% above estimate
Coveo’s EPS came in above the C$0.01 consensus, but the difference was less than one-tenth of a cent per share. The company has beaten estimates for four straight quarters. Still, trailing EPS of -C$0.29 and a -12.98% profit margin show that these beats haven’t yet led to sustained profitability.
Bull case
Coveo has beaten EPS estimates in each of its last four reported quarters. Data is available for 20 comparable quarters. Before the September-quarter report, analysts expected revenue to grow 7.8% year over year, to C$40.23 million. A recent customer announcement also points to product adoption: Australian retailer Coles chose Coveo for online search and product discovery. If customer wins lead to recurring revenue growth and better margins, the earnings trend will carry more weight.
Bear case
The EPS beat was just C$0.0007 per share, and only two analysts contributed to the consensus. Coveo remains unprofitable on a trailing basis. Calendar data also projected a 49.3% EPS decline from C$0.02 in the year-ago quarter. The supplied information doesn’t include actual quarterly revenue or margins, so it’s unclear whether growth is improving alongside earnings. The stock is also well below its 52-week high of C$7.52, reflecting uncertainty about its outlook.
Analysis
Coveo reported EPS of C$0.0107 for the quarter ended September 30, compared with the C$0.01 estimate. That’s a 7.0% positive surprise. The three previous quarters also beat estimates: C$0.003 versus -C$0.01 in June, C$0.0129 versus C$0.0033 in March, and -C$0.02 versus -C$0.06 in December. Based on the available comparable-quarter data, Coveo has now beaten estimates four quarters in a row. The recent earnings table and chart show the quarter-by-quarter results. But this latest beat was small, and the supplied results don’t include actual revenue or margin figures. A modest EPS surprise isn’t a substitute for evidence of stronger profitability.
Analysis
Before the report, analysts expected revenue of C$40.23 million, up 7.8% from a year earlier. They also expected EPS to fall 49.3% from C$0.02 a year ago, showing that revenue growth and near-term earnings comparisons can tell different stories. The EPS estimate was unchanged over the previous 30 days, based on two analysts. Six analysts contributed to the revenue estimate. On October 21, Coveo announced that Coles Group had selected its platform for online search and product discovery on the Australian retailer’s website. This is a specific example of customer adoption, but the announcement doesn’t show how much revenue the deal will bring in. See the Coveo stock page for more company information.
Analysis
The average analyst price target is C$6.43, compared with the latest close of C$4.77. That implies 34.9% upside to the average target. The supplied description calls the outlook bullish based on the target compared with the latest close, but this isn’t a formal rating. See the analyst targets and ratings for details.
Wealth Awesome’s statistical 90-day price model gives a mean forecast of C$5.42. Its 68% range is C$4.17 to C$7.04, and its 95% range is C$3.21 to C$9.15. This model isn’t financial advice or a guarantee of future performance. The wide ranges reflect considerable uncertainty. Review the Coveo price forecast alongside the company’s fundamentals. Coveo’s trailing EPS is -C$0.29, and its profit margin is -12.98%. Continued revenue growth and a path to sustainable profitability remain important tests for investors.
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.
