Onex Corp's latest earnings report reveals critical insights into its financial health and strategic direction, particularly following its acquisition of Convex.
Onex Corporation (TSX: ONEX) recently released its second-quarter earnings for the fiscal period ending June 30, 2026, showcasing a strong performance bolstered by strategic acquisitions. Investors should delve into the details of this report to understand the company's trajectory and market positioning.
Recent earnings trend
Advertisement
Onex Corp
ONEX.TO
ONEX.TO
Onex Corp
WealthAwesomeMarket cap
$8.67B
P/E
12.2x
Div. yield
0.25%
Div. / share
$0.29
52W high
$131.01
52W low
$94.97
1W change
-1.91%
Beta
0.96
Analyst Price Targets
Based on analyst covering ONEX
Wall Street analysts forecast ONEX stock price to rise 35.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$152.50
+35.4% Upside
Current Price
C$112.67
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 ONEX's historical volatility
30-Day Vol
30.9%
Annualized
90-Day Vol
29.2%
Annualized
Trend (90d)
+29.4%
Annualized drift
90d Mean
C$125.15
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$116.68 | C$104.87 – C$129.83 |
| 60 trading days | C$120.84 | C$103.91 – C$140.54 |
| 90 trading days | C$125.15 | C$104.02 – C$150.57 |
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 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-07 | 2.3862 | — | — |
| 2026-03-31 | 2026-05-15 | 2.4240 | — | — |
| 2025-12-31 | 2026-02-20 | 3.6811 | — | — |
| 2025-09-30 | 2025-11-07 | 0.7785 | — | — |
| 2025-06-30 | 2025-08-07 | 4.5930 | — | — |
| 2025-03-31 | 2025-05-09 | 3.3951 | — | — |
Advertisement
Investor takeaway: Despite a significant year-over-year drop in earnings per share (EPS), Onex's continued focus on strategic acquisitions and operational efficiency suggests potential for long-term growth. Investors should weigh the short-term challenges against the company's robust asset management capabilities.
Onex Reports EPS of $2.39, Down 464% Year-Over-Year
The reported earnings per share of $2.39 reflects a dramatic decline from the previous year's $4.81, highlighting significant challenges in maintaining profitability amid strategic transitions.
Bull case
Onex's acquisition of Convex is expected to strengthen its investment portfolio and improve operational efficiency. This could lead to better financial performance down the line. The company has a solid history of exceeding EPS estimates, which may boost investor confidence.
Bear case
The substantial decline in EPS year-over-year raises concerns about the company's immediate profitability and operational challenges. Investors should be cautious of the high volatility associated with Onex's earnings and the broader market conditions affecting capital markets.
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.
Advertisement
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.
