Kits Eyecare reported record quarterly revenue, but EPS fell well short of estimates. It was the company’s fourth consecutive quarterly miss.
Kits Eyecare Ltd. (TSX: KITS) reported third-quarter 2026 results after the market closed on November 5. EPS was C$0.0218, compared with the calendar estimate of C$0.06—a 63.7% shortfall. Supplemental, unverified headlines reported record revenue of C$63.7 million, up 21.6% from a year earlier, and net income of C$4.1 million. These figures come from different sources, so investors should check the company’s release for full accounting details. Visit the KITS stock page for company and share information.
Recent earnings trend
Kits Eyecare Ltd
KITS.TO
KITS.TO
Kits Eyecare Ltd
WealthAwesomeMarket cap
$647.14M
P/E
111.9x
52W high
$22.56
52W low
$10.61
1W change
+12.07%
Beta
0.49
Analyst Price Targets
Based on analyst covering KITS · as of Sep 17, 2026
Wall Street analysts forecast KITS stock price to rise 20.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$22.93
+20.5% Upside
Current Price
C$19.03
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 KITS's historical volatility
30-Day Vol
49.9%
Annualized
90-Day Vol
43.1%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$22.75
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$20.20 | C$17.00 – C$23.99 |
| 60 trading days | C$21.44 | C$16.80 – C$27.35 |
| 90 trading days | C$22.75 | C$16.88 – C$30.66 |
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.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | 0.0218 | 0.0600 | -63.7% |
| 2026-06-30 | 2026-08-05 | 0.0300 | 0.0500 | -40.0% |
| 2026-03-31 | 2026-05-05 | 0.0442 | 0.0500 | -11.6% |
| 2025-12-31 | 2026-03-04 | 0.0200 | 0.0400 | -50.0% |
| 2025-09-30 | 2025-11-06 | 0.0500 | 0.0500 | +0.0% |
| 2025-06-30 | 2025-08-05 | 0.0300 | 0.0300 | +0.0% |
Investor takeaway: The results are mixed. EPS missed sharply, while the supplemental headline points to strong revenue growth and positive net income. The miss follows three earlier quarterly shortfalls, making it important to watch whether sales growth translates into earnings. The supplied fundamentals show a 2.54% profit margin and a P/E ratio of about 112. That valuation leaves little room for execution to fall short of expectations.
C$0.0218 EPS versus C$0.06 estimate
KITS missed the calendar EPS estimate by 63.7%. It was the fourth straight quarterly miss in the supplied history, despite supplemental headlines reporting record revenue and positive net income.
Bull case
The supplemental earnings headline points to continued growth. Revenue reportedly reached a record C$63.7 million, glasses revenue rose 59.3% to C$11.3 million, and adjusted EBITDA was C$2.9 million.
Calendar trend data showed an EPS consensus of C$0.08 for the next period, based on one analyst, compared with year-ago EPS of C$0.04. The revenue consensus was C$63.15 million, based on two analysts. These estimates draw on a small number of analysts, but they suggest expectations for further growth. KITS shares closed at C$19.03, above their 50-day and 200-day moving averages. The supplied average analyst target is C$22.93. See the KITS overview for more company information.
Bear case
EPS missed estimates by 63.7%, and the previous three quarters also fell short, with misses ranging from 11.6% to 50%. The repeated shortfalls raise questions about how reliable consensus estimates are and how quickly revenue growth can translate into earnings.
The valuation adds to the risk. The supplied P/E ratio is about 112, while the profit margin is 2.54%. The next-period consensus and analyst targets rely on just one or two analysts, so they don’t represent a broad market view. See the analyst ratings section for the supplied target details.
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