TFI International Inc. has once again outperformed expectations in its latest earnings report, showcasing resilience in a fluctuating market.
In a recent earnings release, TFI International Inc. (TFII.TO) reported earnings per share (EPS) of $1.85 for the second quarter of 2026, exceeding analyst estimates by 16.4%. This performance marks significant year-over-year growth, reflecting the company's strategic positioning in the ground transportation sector.
Recent earnings trend
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TFI International Inc
TFII.TO
TFII.TO
TFI International Inc
WealthAwesomeMarket cap
$15.57B
P/E
33.0x
Div. yield
0.99%
Div. / share
$1.86
52W high
$233.09
52W low
$112.34
1W change
-10.85%
Beta
1.48
Analyst Price Targets
Based on analyst covering TFII
Wall Street analysts forecast TFII stock price to rise 23.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$233.81
+23.5% Upside
Current Price
C$189.39
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 TFII's historical volatility
30-Day Vol
38.3%
Annualized
90-Day Vol
36.9%
Annualized
Trend (90d)
-1.4%
Annualized drift
90d Mean
C$188.42
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$189.07 | C$165.68 – C$215.75 |
| 60 trading days | C$188.74 | C$156.60 – C$227.48 |
| 90 trading days | C$188.42 | C$149.91 – C$236.83 |
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: 14 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 | 2026-10-29 | — | 1.7800 | — |
| 2026-06-30 | 2026-07-27 | 1.8500 | 1.5900 | +16.4% |
| 2026-03-31 | 2026-04-27 | 0.6900 | 0.6100 | +13.1% |
| 2025-12-31 | 2026-02-17 | 1.0900 | 0.8500 | +28.2% |
| 2025-09-30 | 2025-10-30 | 1.2000 | 1.2000 | +0.0% |
| 2025-06-30 | 2025-07-28 | 1.3400 | 1.2300 | +8.9% |
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Investor takeaway: TFI's ability to surpass EPS estimates and generate strong revenue growth indicates a solid operational foundation, especially in its Truckload segment, which has seen a substantial increase in profitability. However, challenges in the Less-Than-Truckload (LTL) segment could temper overall growth expectations.
Earnings Beat by 16.4% with Strong Revenue Growth
TFI International's Q2 revenue reached $2.29 billion, up 12.4% from the previous year, alongside an EPS of $1.85, reflecting a solid performance across its business segments.
Bull case
The Truckload segment showed impressive growth, with operating income soaring 50% year-over-year and adjusted operating ratios improving significantly. This indicates strong demand driven by supply constraints, positioning TFI well for continued profitability.
Bear case
Despite the strong overall performance, the LTL segment's flat margins and pricing challenges present risks. If these issues continue, they could hinder TFI's ability to sustain its growth in the coming quarters.
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