TWC Enterprises reported third-quarter earnings of C$1.15 per share, helped by a one-time gain from selling Kanata Golf Club.
TWC Enterprises Ltd. reported results after market close on October 30 for the quarter ended September 30, 2026. Calendar data puts earnings at C$1.1489 per share, but there’s no analyst estimate to compare it with. Analyst coverage is limited, and there’s no useful history of comparable estimates, so the result stands on its own—not as a beat or miss.
Recent earnings trend
TWC Enterprises Ltd
TWC.TO
TWC.TO
TWC Enterprises Ltd
WealthAwesomeMarket cap
$626.81M
P/E
9.0x
Div. yield
1.50%
Div. / share
$0.39
52W high
$29.87
52W low
$21.73
1W change
+0.00%
Beta
0.35
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TWC's historical volatility
30-Day Vol
12.7%
Annualized
90-Day Vol
29.0%
Annualized
Trend (90d)
-27.4%
Annualized drift
90d Mean
C$23.58
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$25.17 | C$24.09 – C$26.30 |
| 60 trading days | C$24.36 | C$22.89 – C$25.92 |
| 90 trading days | C$23.58 | C$21.85 – C$25.44 |
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: Low — no EPS consensus estimates are available for this name. Focus on reported EPS trends below rather than beat/miss framing.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-30 | 1.1489 | — | — |
| 2026-06-30 | 2026-07-31 | 0.8026 | — | — |
| 2026-03-31 | 2026-04-30 | 0.2523 | — | — |
| 2025-12-31 | 2026-03-05 | 0.7609 | — | — |
| 2025-09-30 | 2025-11-06 | 0.7005 | — | — |
| 2025-06-30 | 2025-08-08 | 0.8756 | — | — |
Net earnings rose to C$27.7 million from C$16.9 million a year earlier. Revenue edged up to C$77.9 million from C$76.7 million. A C$15.2 million gain from the Kanata Golf Club sale accounted for much of the earnings increase.
Investor takeaway: The earnings increase doesn’t give a clear picture of recurring performance. TWC recorded a C$15.179 million gain from the sale and kept a 44.5% interest in each of the resulting joint ventures. Revenue grew only modestly. Investors should consider the sale gain separately from ongoing golf and other operations, and watch how the retained interests contribute in future periods. TWC also declared a dividend of C$0.10 per share. Its reported 1.50% dividend yield and 31.80% profit margin offer context, but don’t answer questions about earnings quality.
C$15.2 million
That’s the approximate gain TWC recorded from selling Kanata Golf Club. It was a major reason third-quarter net earnings rose to C$27.7 million from C$16.9 million a year earlier. Revenue grew much less, from C$76.7 million to C$77.9 million, so it’s worth separating the sale-related boost from ongoing performance.
Bull case
TWC’s third-quarter revenue rose to C$77.9 million from C$76.7 million a year earlier, and net earnings reached C$27.7 million. The Kanata deal leaves TWC with a 44.5% interest in each of the resulting joint ventures, so the company retains a stake in them. TWC also declared a C$0.10-per-share dividend.
The company renewed its normal course issuer bid, which allows it to buy back up to 1,205,556 shares—about 5% of shares outstanding—through September 19, 2027. The authorization doesn’t mean TWC will buy back shares.
Bear case
Third-quarter net earnings included a C$15.179 million gain from the Kanata Golf Club deal, so the year-over-year increase doesn’t provide a reliable guide to recurring earnings. Revenue growth was modest, and TWC’s second-quarter results show how weather and golf demand can affect the business. The company cited unusually wet, cold conditions and a 9% decline in Canadian golf rounds.
Analyst coverage is limited, with no consensus estimate or useful history of comparable estimates. TWC’s last close of C$26.00 was below its 50-day moving average of C$27.10, but above its 200-day average of C$25.49.
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