Pinetree Capital reported calendar EPS of C$1.2728 for the quarter ended September 30. No comparable estimate was available, so the result can’t be classified as a beat or miss.
Pinetree Capital Ltd. (TSX: PNP) released its results after the market closed on October 29, 2026, for the three months ended September 30. The earnings feed lists calendar EPS of C$1.2728, with no estimate for comparison. A company release cited in supplemental coverage reported Q3 net income of $11.95 million and book value per share of $10.07, up from $9.33 at the end of 2025. These are company-reported figures; read them alongside Pinetree’s interim statements and MD&A.
Recent earnings trend
Pinetree Capital Ltd
PNP.TO
PNP.TO
Pinetree Capital Ltd
WealthAwesomeMarket cap
$96.78M
P/E
16.6x
52W high
$13.30
52W low
$7.61
1W change
+0.59%
Beta
0.69
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PNP's historical volatility
30-Day Vol
35.5%
Annualized
90-Day Vol
38.0%
Annualized
Trend (90d)
+41.9%
Annualized drift
90d Mean
C$11.98
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$10.84 | C$9.59 – C$12.25 |
| 60 trading days | C$11.39 | C$9.58 – C$13.54 |
| 90 trading days | C$11.98 | C$9.69 – C$14.80 |
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: 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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | 1.2728 | — | — |
| 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 | — | — |
Pinetree is an investment company, so changes in portfolio values and investment gains can make quarterly earnings volatile. For Canadian investors, the key questions are how portfolio changes contributed to the reported profit and whether book value per share keeps growing.
Investor takeaway: The reported EPS is substantial, but without a period-specific consensus estimate, it doesn’t show whether Pinetree beat expectations. Book value per share and the makeup of investment results offer more useful context. The available comparison history is uneven: supplied data show one beat in the last four reported quarters, while older examples include both large positive and negative surprises. That volatility makes the history a poor guide to future results.
C$1.2728
That’s the calendar EPS recorded for the quarter ended September 30. No estimate was supplied, so there’s no basis for calling it a beat or miss. Supplemental coverage of the company’s release also reported Q3 net income of $11.95 million and book value per share of $10.07.
Bull case
Pinetree’s reported Q3 net income and higher book value per share point to a profitable quarter and an increase in reported per-share value since the end of 2025. The supplied fundamentals also show a 73.23% profit margin and trailing-twelve-month EPS of C$0.62.
PNP.TO closed at C$10.31 on November 6, above its 50-day moving average of C$9.67 and 200-day moving average of C$9.37. If portfolio performance and book value continue to support results, the shares may hold on to recent gains.
Bear case
Pinetree’s earnings depend on investment results, which can shift sharply from one quarter to the next. A profitable quarter doesn’t mean those gains will continue. The supplied data include no consensus estimate for this period, and recent public coverage consists largely of company releases and filings, leaving limited independent context.
The shares also remain below their 52-week high of C$13.30. The 52-week low is C$7.61. Investors should review the portfolio, valuation and book value disclosures rather than assume one quarter’s EPS will continue.
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