Pinetree Capital is due to report its September-quarter results after the market closes on October 29. There’s no EPS consensus to compare with, so book value and portfolio performance will be more useful measures.
Pinetree Capital Ltd. (TSX: PNP) is scheduled to report results for the quarter ended September 30, 2026. The calendar lists no EPS estimate or actual, and there’s no consensus for the upcoming quarter. This preview focuses on the company’s reported financial measures rather than an expected EPS surprise. Follow PNP.TO on the Pinetree Capital stock page.
Recent earnings trend
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Pinetree Capital Ltd
PNP.TO
PNP.TO
Pinetree Capital Ltd
WealthAwesomeMarket cap
$90.02M
52W high
$13.30
52W low
$7.61
1W change
+1.80%
Beta
0.67
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PNP's historical volatility
30-Day Vol
24.0%
Annualized
90-Day Vol
34.5%
Annualized
Trend (90d)
+23.4%
Annualized drift
90d Mean
C$10.43
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$9.86 | C$9.08 – C$10.71 |
| 60 trading days | C$10.14 | C$9.02 – C$11.40 |
| 90 trading days | C$10.43 | C$9.04 – C$12.03 |
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.
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Analyst coverage: Limited — historical beat/miss data exists for 15 quarter(s), but no upcoming consensus.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-27 | 1.4892 | — | — |
| 2026-03-31 | 2026-04-27 | -2.0243 | — | — |
| 2025-12-31 | 2026-03-02 | -0.1159 | — | — |
| 2025-09-30 | 2025-10-23 | 0.2113 | — | — |
| 2025-06-30 | 2025-07-24 | -0.1794 | — | — |
| 2025-03-31 | 2025-04-28 | 1.1373 | — | — |
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Investor takeaway: The main question is whether Pinetree’s book value per share continued to recover after a volatile first half of 2026. Book value was C$7.31 at March 31 and C$8.80 at June 30, compared with C$9.33 at the end of 2025. With no EPS consensus available, portfolio gains and losses—and their effect on book value—will offer a clearer picture of the quarter.
C$8.80
Pinetree reported book value per share of C$8.80 at June 30, 2026, up from C$7.31 at March 31 but below C$9.33 at December 31, 2025. The September-quarter results will show whether that recovery continued.
Bull case
Book value per share rose from C$7.31 at the end of March to C$8.80 at the end of June, partly recovering from the first-quarter decline. If it rose again in the September quarter, that would suggest portfolio values stabilized or increased. PNP.TO closed at C$9.59 on October 26, above its 50-day and 200-day moving averages. Those share-price trends, however, don’t show the company’s underlying value.
Bear case
Pinetree’s investment results have been volatile. The company reported a C$19.4-million net investment loss in the first quarter of 2026, and June-quarter book value per share was still below the C$9.33 recorded at the end of 2025. Further declines in portfolio values could reduce book value. Pinetree also reported trailing-twelve-month EPS of -C$0.45 and a profit margin of 0.00%. With limited independent coverage, investors have fewer outside estimates to compare with the company’s results.
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