TFI International Inc. has once again delivered impressive earnings, surpassing estimates and showcasing strength in its Truckload segment.
In its recent earnings report for the second quarter of 2026, TFI International Inc. (TFII) demonstrated solid financial performance, with adjusted diluted earnings per share (EPS) of $1.85, exceeding analyst expectations by 16.4%. This marks a significant increase from the previous year's $1.34, reflecting TFI’s resilience in a competitive market. The company reported a total revenue of $2.29 billion, up 12.4% year-over-year, which also surpassed the consensus estimate.
Recent earnings trend
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TFI International Inc
TFII.TO
TFII.TO
TFI International Inc
WealthAwesomeMarket cap
$15.57B
P/E
33.1x
Div. yield
0.99%
Div. / share
$1.86
52W high
$233.09
52W low
$112.34
1W change
-7.98%
Beta
1.49
Analyst Price Targets
Based on analyst covering TFII
Wall Street analysts forecast TFII stock price to rise 23.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$234.16
+23.6% 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 International's strong earnings and revenue growth signal robust operational efficiency, particularly in its Truckload segment. Investors should keep an eye on the company's strategic adjustments in its Less-Than-Truckload (LTL) operations, which face challenges but also present opportunities for improvement.
Adjusted EPS of $1.85 Surpasses Estimates by 16.4%
With a year-over-year EPS growth of 38% and a revenue increase of 12.4%, TFI International is showcasing strong operational performance amidst a challenging market landscape.
Bull case
The Truckload segment's remarkable 50% increase in operating income, driven by supply constraints rather than demand, suggests that the company may have sustainable pricing power. TFI's focus on using technology to improve pricing and operational efficiency in LTL could lead to better profit margins in the future.
Bear case
Despite the overall strong performance, TFI's LTL segment continues to struggle with flat margins and excess volume issues. The company needs to tackle these challenges effectively to maintain profitability in this segment, as any setbacks could affect its overall financial health.
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