NFI Group Inc NFI Earnings Beat Estimates by 3.8%

NFI Group reported quarterly earnings of C$0.27 per share, slightly above the C$0.26 estimate. That’s its fourth straight beat for a comparable quarter.

NFI Group Inc. (TSX: NFI) released its third-quarter 2026 results after markets closed on November 5. For the quarter ended September 30, earnings came in at C$0.27 per share, 3.85% above the C$0.26 estimate. The company also reported higher revenue and adjusted EBITDA, a large order backlog, and updated guidance. Here’s what the results and available forecasts mean for NFI Group’s stock.

Recent earnings trend

Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.

Beat estimates in 4 of the last 4 comparable quarter(s).

Investor takeaway: The EPS beat was small, but it extends NFI’s run to four consecutive comparable-quarter beats. The company’s release reports revenue up 14.5% year over year to US$1.007 billion and adjusted EBITDA up 34.3% to US$108.7 million. Reported net earnings were US$0.1 million. NFI also reported a US$12.5 billion backlog and raised the lower end of its 2026 adjusted EBITDA guidance by US$10 million. Investors should consider that adjusted EBITDA and reported net earnings measure different things, and weigh the operating progress against the stock’s recent weakness.

C$0.27 EPS versus C$0.26 expected

NFI beat the estimate by 3.85%, marking its fourth consecutive comparable-quarter beat. The automatically inserted recent-earnings trend table shows the results for each quarter.

Analysis

For the quarter ended September 30, NFI reported earnings of C$0.27 per share, compared with an estimate of C$0.26. That’s a 3.85% positive surprise. The previous three comparable quarters also beat estimates: C$0.23 versus C$0.22, C$0.18 versus C$0.1733, and C$0.50 versus C$0.30.

The company’s earnings-release headline says third-quarter revenue rose 14.5% year over year to US$1.007 billion, while adjusted EBITDA increased 34.3% to US$108.7 million. NFI also reported US$0.1 million in net earnings. These are different measures of profit, so the increase in adjusted EBITDA doesn’t mean bottom-line earnings grew by the same amount.

NFI reported a US$12.5 billion backlog and raised the lower end of its 2026 adjusted EBITDA guidance by US$10 million. The next test is whether it can turn orders into deliveries and sustain operating improvements. Visit the NFI Group stock page for company and share information.

Analysis

Recent contract announcements add context. NFI subsidiaries secured or expanded orders for commuter coaches and transit buses in New York City, Washington, the Greater Toronto and Hamilton Area, and Houston. These announcements don’t replace reported delivery or earnings results, but they show the range of customer programs behind the backlog.

NFI closed at C$24.25, down 6.87% for the day and 3.42% over one month. The price was below its 50-day moving average of C$24.51 but above its 200-day average of C$21.91. Its 52-week range was C$12.81 to C$27.37.

The supplied analyst data shows an average target of C$31.55, 30.1% above the last close. The consensus label compares the average target with the closing price. The supplied data doesn’t include a formal rating for the Canadian listing. Analyst targets are estimates, not guarantees. See the analyst ratings section for more detail.

Analysis

Wealth Awesome’s statistical 90-day price model gives a mean forecast of C$23.22, compared with the reference price of C$24.25 on November 6, 2026. The model’s 68% range is C$18.70–C$28.84, and its 95% range is C$15.06–C$35.81.

The model’s mean estimates for 30, 60, and 90 days are C$23.90, C$23.56, and C$23.22. It estimates annualized drift of -12.1% and 30-day volatility of 36.2%. These are statistical estimates, not financial advice or guaranteed outcomes. Review the NFI Group price forecast alongside the company’s results and your own risk tolerance.