Pulse Seismic returned to profit in the third quarter, though the sharp rise in revenue shows how much its earnings depend on when seismic-data licences are recorded.
Pulse Seismic Inc. (TSX: PSD) reported results for the quarter ended September 30, 2026. The earnings release was scheduled after market close. The calendar lists EPS of C$0.2239, but provides no estimate for comparison. Company news reports revenue of C$17.3 million and basic EPS of about C$0.22, compared with revenue of C$3.4 million and a loss per share a year earlier. It’s a strong return to profitability, but one quarter doesn’t remove the uncertainty that comes with uneven licensing revenue. See the Pulse Seismic stock page for more company and share information.
Recent earnings trend
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Pulse Seismic Inc
PSD.TO
PSD.TO
Pulse Seismic Inc
WealthAwesomeMarket cap
$160.26M
P/E
11.7x
Div. yield
2.29%
Div. / share
$0.07
52W high
$5.05
52W low
$2.57
1W change
-4.85%
Beta
0.32
Analyst Price Targets
Based on analyst covering PSD · as of Sep 17, 2026
Wall Street analysts forecast PSD stock price to fall 33.1% over the next 12 months.
Consensus
BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$2.10
-33.1% Upside
Current Price
C$3.14
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 PSD's historical volatility
30-Day Vol
45.7%
Annualized
90-Day Vol
34.5%
Annualized
Trend (90d)
-7.9%
Annualized drift
90d Mean
C$3.05
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$3.11 | C$2.66 – C$3.64 |
| 60 trading days | C$3.08 | C$2.47 – C$3.85 |
| 90 trading days | C$3.05 | C$2.32 – C$4.01 |
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: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | 0.2239 | — | — |
| 2026-06-30 | 2026-07-28 | 0.0307 | — | — |
| 2026-03-31 | 2026-04-27 | -0.0269 | — | — |
| 2025-12-31 | 2026-02-23 | 0.0331 | — | — |
| 2025-09-30 | 2025-10-23 | -0.0296 | — | — |
| 2025-06-30 | 2025-07-22 | 0.1884 | — | — |
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Investor takeaway: The quarter shows what Pulse Seismic can earn when it recognizes substantial data licences. Revenue rose more than fivefold from a year earlier, and the company returned to profit. But investors should be careful about assuming this pace will continue. The next test is whether licensing activity can support results beyond this unusually strong quarter. The supplied next-quarter calendar lists one analyst estimate: a loss of C$0.01 per share and revenue of C$7.0 million, a reminder that results can vary widely.
C$17.3 million
Pulse Seismic’s Q3 revenue, up from C$3.4 million a year earlier. The increase brought the company back to profit, but also shows how much revenue can shift from quarter to quarter under its licensing model.
Bull case
Pulse Seismic’s seismic-data library can generate substantial profits when licensing revenue is strong, even if revenue doesn’t grow steadily from quarter to quarter. Q3 revenue of C$17.3 million produced C$11.4 million in net income excluding extra items, according to company news. The supplied snapshot also lists a 45.05% trailing profit margin and a 2.29% dividend yield. For investors comfortable with uneven results, the quarter shows the earnings potential of a strong licensing period.
Bear case
The results also show the risk. Revenue jumped from C$3.4 million a year earlier, when the company reported a loss, to C$17.3 million. That makes quarterly earnings hard to predict and leaves them exposed to licence timing and activity in the energy sector. The supplied analyst target averages C$2.10, below the last close of C$3.14. The statistical 90-day forecast is also slightly below the last close. Neither figure is a guarantee, but both are reminders that one strong quarter doesn’t remove valuation or volatility concerns.
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