As Air Canada prepares to announce its latest earnings, investors are closely watching to see if the airline can keep its positive momentum amid changing market conditions.
Recent earnings trend
Advertisement
Air Canada
AC.TO
AC.TO
Air Canada
WealthAwesomeMarket cap
$6.08B
P/E
16.7x
52W high
$31.45
52W low
$16.45
1W change
-8.52%
Beta
1.63
Analyst Price Targets
Based on analyst covering AC · as of Oct 8, 2026
Wall Street analysts forecast AC stock price to rise 45.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$35.05
+45.7% Upside
Previously C$35.34 on Oct 6, 2026
Current Price
C$24.05
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 AC's historical volatility
30-Day Vol
37.1%
Annualized
90-Day Vol
41.5%
Annualized
Trend (90d)
+21.1%
Annualized drift
90d Mean
C$25.94
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$24.66 | C$21.70 – C$28.03 |
| 60 trading days | C$25.29 | C$21.10 – C$30.31 |
| 90 trading days | C$25.94 | C$20.78 – C$32.37 |
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.
Advertisement
Analyst coverage: 11 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | — | 0.1400 | — |
| 2026-03-31 | 2026-05-07 | -0.0500 | -0.4400 | +88.6% |
| 2025-12-31 | 2026-02-12 | 0.6500 | 0.3000 | +116.7% |
| 2025-09-30 | 2025-11-04 | 0.7500 | 0.7900 | -5.1% |
| 2025-06-30 | 2025-07-28 | 0.6000 | 0.7000 | -14.3% |
| 2025-03-31 | 2025-05-08 | -0.4500 | -0.5400 | +16.7% |
Advertisement
Air Canada (AC.TO) will report its Q2 earnings on August 11, 2026, after the market closes. With the airline industry still recovering from the pandemic's impact, investors are eager to find out if Air Canada can deliver another positive earnings surprise. The consensus EPS estimate is $0.14, a significant drop from last year's $0.60. This preview will cover the timing of the earnings report, what investors should look for, and the broader context surrounding Air Canada.
Investor takeaway: Keep an eye on Air Canada's upcoming earnings report for insights into the airline's performance and future outlook, especially as it navigates a competitive landscape and works to recover from past losses.
Air Canada's EPS Estimate Sees Significant Decline
The current EPS consensus of $0.14 shows a staggering 70.8% decline year-over-year, highlighting the ongoing challenges in the airline sector.
Bull case
Air Canada has demonstrated resilience in previous quarters, beating expectations in 2 out of the last 4 quarters. If the airline can take advantage of increased travel demand and manage its costs effectively, it might surprise analysts with better-than-expected results.
Bear case
On the flip side, the consensus EPS estimate has been significantly revised down from $0.51 a month ago to $0.18, indicating a cautious outlook among analysts. If Air Canada fails to meet even this lowered expectation, it could raise concerns about its ongoing recovery.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
