McCoy Global reported a quarterly loss of C$0.04 per share, wider than the C$0.01 loss analysts expected. The result comes as EPS forecasts have fallen and revenue expectations have weakened. Reported orders offer a possible bright spot for future quarters.
McCoy Global Inc. (TSX: MCB) reported results for the third quarter of 2026, which ended September 30. Its loss per share was C$0.04, compared with an expected loss of C$0.01. That’s a 300% negative surprise, though the percentage looks large because the expected loss was small. The company released its results before markets opened on November 6. For Canadian investors following McCoy Global’s stock page, the question is whether new orders can help offset weaker earnings and revenue in the near term.
Recent earnings trend
Mccoy Global Inc
MCB.TO
MCB.TO
Mccoy Global Inc
WealthAwesomeMarket cap
$69.58M
P/E
18.3x
52W high
$3.46
52W low
$2.07
1W change
+2.81%
Beta
0.55
Analyst Price Targets
Based on analyst covering MCB · as of Sep 17, 2026
Wall Street analysts forecast MCB stock price to rise 105.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$5.25
+105.1% Upside
Current Price
C$2.56
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 MCB's historical volatility
30-Day Vol
54.0%
Annualized
90-Day Vol
37.2%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$3.06
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$2.72 | C$2.26 – C$3.27 |
| 60 trading days | C$2.88 | C$2.22 – C$3.75 |
| 90 trading days | C$3.06 | C$2.22 – C$4.23 |
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.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-05 | — | 0.0600 | — |
| 2026-09-30 | 2026-11-06 | -0.0400 | -0.0100 | -300.0% |
| 2026-06-30 | 2026-08-07 | 0.0042 | -0.0100 | +142.0% |
| 2026-03-31 | 2026-05-15 | -0.1200 | -0.0500 | -140.0% |
| 2025-12-31 | 2026-03-06 | 0.2200 | 0.1000 | +120.0% |
| 2025-09-30 | 2025-11-07 | 0.0200 | 0.0400 | -50.0% |
Investor takeaway: The quarter missed expectations, and available forecasts point to continued pressure. One analyst lowered the next-quarter EPS estimate from a loss of C$0.02 to C$0.04 over the past 30 days. Revenue consensus is C$11.5 million, down 22.4% from a year earlier. Separate company-news coverage reports Q3 revenue of C$13.4 million, a 10% year-over-year decline, and a net loss of C$1.0 million. It also reports about C$7.6 million in subsequent Middle East smartProduct orders, with deliveries expected from Q4 2026 through the first half of 2027. These orders could support future business, but they don’t change the current earnings miss or guarantee when the revenue will be recorded.
C$0.04 loss per share versus C$0.01 expected
McCoy’s loss per share was C$0.03 worse than expected, a 300% negative surprise. The percentage is amplified by the small expected loss, but the result still fell short. The company has beaten estimates in two of the last four comparable quarters, so its recent track record is mixed.
Bull case
The reported orders could bring McCoy work over the next several quarters. The company has also beaten estimates in two of its last four comparable quarters, though results have been uneven: the latest quarter missed after a beat in June and another miss in March. At the last close of C$2.56, the share price was above its 50-day and 200-day moving averages. That may appeal to investors tracking price momentum, but it doesn’t confirm a business recovery.
Bear case
McCoy’s quarterly loss was wider than expected, and one analyst lowered the next-quarter EPS forecast over the past month. Revenue consensus of C$11.5 million points to a 22.4% year-over-year decline. Separate coverage also reports a C$1.0 million net loss and a 10% drop in revenue. The new orders are a potential source of future business, not revenue already earned. McCoy’s small market capitalization and lack of a dividend may also make MCB.TO less appealing to investors looking for income or lower volatility.
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.
