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Transat AT Inc. (TRZ.TO) Earnings Preview: Can They Beat the -CA$0.67 EPS Estimate?

By Qayyum Rajan, CFA -

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Transat AT Inc. is set to report earnings on June 11, 2026, with analysts expecting a loss of CA$0.67 per share. With a P/E ratio of just 0.3x, investors are curious if recent route expansions can turn the tide.

Transat AT Inc. will announce its earnings before the market opens on June 11, 2026, for the fiscal period ending April 30, 2026. Analysts are forecasting an EPS of -CA$0.67, leaving investors eager to see if the airline's recent strategic moves can improve its financial outlook.

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Transat AT Inc

TRZ.TO

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TRZ.TO

Transat AT Inc

Source:WealthAwesomeWealthAwesome
$0.28 (-11.02%)
120 day period
$2.25$2.60$2.96Feb 10May 7Jul 31

Market cap

$92.74M

P/E

0.3x

52W high

$3.25

52W low

$2.11

1W change

-0.44%

Beta

1.09

Analyst Price Targets

Based on analyst covering TRZ

📉

Wall Street analysts forecast TRZ stock price to fall 2.2% over the next 12 months.

Consensus

Neutral

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$2.21

-2.2% Upside

Current Price

C$2.26

Last close

Compare analyst targets across the TSX & TSXV →

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on TRZ's historical volatility

HistoricalForecast68%95%
C$1.48C$1.79C$2.11C$2.42C$2.73C$3.05TodayMar 25May 29Jul 31Sep 12Oct 26Dec 8

30-Day Vol

18.2%

Annualized

90-Day Vol

30.3%

Annualized

Trend (90d)

-50.0%

Annualized drift

90d Mean

C$1.89

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$2.13C$2.00C$2.27
60 trading daysC$2.01C$1.84C$2.19
90 trading daysC$1.89C$1.70C$2.11

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.

Investor takeaway: Long-term investors should watch for any signs of operational improvement or revenue growth despite the expected loss.

Earnings Expectations vs. Reality: What’s at Stake for Transat

With an EPS estimate of -CA$0.67, Transat's current P/E ratio of 0.3x indicates that the market is not expecting significant profitability in the near term. However, the airline's forward P/E of 39.22x suggests that investors are looking for a turnaround, making this earnings report critical for shaping future expectations.

Bull case

  • Transat's recent launch of a new non-stop route between Montreal and Istanbul could help increase revenues and improve brand visibility.
  • The airline's low P/E ratio suggests that the market may have already factored in some negative expectations, which means there could be potential upside if results exceed estimates.
  • Increased demand for travel, especially in the summer months, may lead to better-than-expected performance.

Bear case

  • The forecasted EPS loss indicates ongoing challenges in profitability, which could concern investors.
  • Rising fuel costs and competitive pressures in the airline industry may hinder Transat's ability to recover financially.
  • Recent reports suggest that airlines are struggling to raise fares adequately, which could impact revenue growth.

What to Expect from Transat’s Upcoming Earnings

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Transat AT Inc. is scheduled to release its earnings report on June 11, 2026, and analysts are bracing for a challenging quarter with an expected EPS of -CA$0.67. This forecast reflects ongoing struggles in the airline industry, particularly in managing costs amid fluctuating fuel prices. Investors will be closely monitoring any commentary from management regarding operational improvements and future strategies.

Recent Developments: A New Route to Istanbul

In a bid to enhance its market presence, Transat recently announced the launch of a non-stop service between Montreal and Istanbul, set to begin in October 2026. This strategic move aims to tap into the growing demand for travel to Turkey and beyond, potentially boosting revenues. Investors will want to see how this initiative translates into financial performance in the upcoming earnings report.

Market Sentiment and Future Outlook

Despite the expected loss, Transat's low P/E ratio of 0.3x indicates that the stock may be undervalued, assuming the company can achieve a turnaround. However, the airline industry remains highly competitive, and challenges such as rising operational costs and fare pricing pressures could hinder recovery efforts. Investors should pay attention to management's guidance on future performance and any shifts in market dynamics.

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Published: June 10, 2026
Last Updated: June 10, 2026

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