Badger Infrastructure Solutions (BDGI.TO) is expected to report third-quarter earnings after the market closes on November 5. Analysts estimate EPS of C$1.42, and the company has beaten estimates in three of its last four reported quarters.
Badger Infrastructure Solutions Ltd. (TSX: BDGI) will report results for the quarter ended September 30, 2026, after the market closes on November 5. Investors will be watching to see whether earnings keep pace with expected revenue growth and whether the company can continue its recent run of estimate beats. Four analysts contribute to the EPS consensus of C$1.42, with estimates ranging from C$1.34 to C$1.51. Three analysts estimate revenue of US$372.64 million. The company’s investor call is scheduled for November 6, according to its announcement.
Recent earnings trend
Badger Infrastructure Solutions Ltd
BDGI.TO
BDGI.TO
Badger Infrastructure Solutions Ltd
WealthAwesomeMarket cap
$2.84B
P/E
33.9x
Div. yield
0.65%
Div. / share
$0.55
52W high
$102.12
52W low
$59.67
1W change
+1.69%
Beta
0.89
Analyst Price Targets
Based on analyst covering BDGI · as of Oct 29, 2026
Wall Street analysts forecast BDGI stock price to rise 25.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$113.41
+25.8% Upside
Previously C$113.28 on Oct 12, 2026
Current Price
C$90.12
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 BDGI's historical volatility
30-Day Vol
45.1%
Annualized
90-Day Vol
43.7%
Annualized
Trend (90d)
+7.0%
Annualized drift
90d Mean
C$92.40
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$90.87 | C$77.77 – C$106.18 |
| 60 trading days | C$91.63 | C$73.52 – C$114.21 |
| 90 trading days | C$92.40 | C$70.56 – C$121.00 |
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: 4 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 | 2026-11-05 | — | 1.5100 | — |
| 2026-06-30 | 2026-07-30 | 0.9700 | 0.9200 | +5.4% |
| 2026-03-31 | 2026-04-30 | 0.3000 | 0.2500 | +20.0% |
| 2025-12-31 | 2026-03-05 | 0.4662 | 0.6400 | -27.2% |
| 2025-09-30 | 2025-11-05 | 1.2900 | 1.2200 | +5.7% |
| 2025-06-30 | 2025-07-30 | 0.8300 | 0.7700 | +7.8% |
Investor takeaway: Analysts expect year-over-year growth in both EPS and revenue, and Badger has beaten estimates in three of its last four comparable quarters. But the results still need to show that growth is supported by operating performance, not just an EPS surprise. The company’s valuation and recent share-price swings also make the strength and durability of that growth important to investors.
C$1.42
That’s the consensus EPS estimate for the quarter ended September 30, 2026. Analysts’ estimates range from C$1.34 to C$1.51. The consensus is 10.4% above the year-ago EPS of C$1.29.
Bull case
Analysts expect EPS of C$1.42, up 10.4% from C$1.29 a year earlier, and revenue of US$372.64 million, an estimated increase of 11.2%. Badger beat EPS estimates in its latest reported quarter, earning C$0.97 against an estimate of C$0.92. It has beaten estimates in three of its last four quarters. The previous quarter also showed strong year-over-year growth in revenue and adjusted EBITDA, according to reported results. Continued demand and operating progress in the new report would support the growth case. Analysts’ average price target is C$113.41, compared with the latest close of C$90.12. Price targets are estimates, not guarantees.
Bear case
Badger hasn’t beaten estimates every time. For the quarter ended December 31, 2025, it reported EPS of C$0.4662 against an estimate of C$0.64. The current consensus draws on just four EPS estimates and three revenue estimates, so it offers a limited view. Revisions over the past 30 days were mixed, with one increase and one decrease. With a P/E of about 33.9, investors may be counting on strong growth. An earnings miss, weaker margins or cautious comments from management could test that expectation. The stock is also below its 52-week high of C$102.12, though it remains above its 50- and 200-day moving averages.
Analysis
Badger is due to report after the market closes on November 5, with its investor call scheduled for November 6. For the quarter ended September 30, the EPS consensus is C$1.42, with estimates ranging from C$1.34 to C$1.51. Four analysts contributed to the estimate, which is 10.4% above the year-ago result of C$1.29. Three analysts estimate revenue of US$372.64 million, implying year-over-year growth of 11.2%. The EPS estimate has risen slightly, from C$1.40 30 days ago to C$1.42. Revisions were mixed, with one increase and one decrease. These are analyst expectations, not company guidance.
Analysis
Badger has beaten EPS estimates in three of its last four reported quarters. Most recently, it reported C$0.97 per share against an estimate of C$0.92 for the quarter ended June 30, 2026. Before that, it reported C$0.30 against C$0.25. The run of beats was interrupted in the December quarter, when EPS was C$0.4662 versus an estimate of C$0.64. In the September 2025 quarter, EPS was C$1.29 against C$1.22. The automatically inserted earnings table and chart show the results quarter by quarter. For the upcoming report, investors can compare EPS with the consensus and look for signs that revenue growth is supporting healthy operations. In the previous quarter, revenue reached US$257.1 million, up 23% year over year, while adjusted EBITDA rose 25% to US$66.1 million, according to reported coverage.
Analysis
The consensus sets a benchmark, but the details of the report matter too. Revenue, profitability and management’s comments on business conditions can help investors assess whether growth is holding up. Badger shares recently closed at C$90.12, below the 52-week high of C$102.12 but above the 50- and 200-day moving averages. The company has a market capitalization of about C$2.84 billion, a P/E of roughly 33.9 and a dividend yield of 0.65%. Visit the BDGI stock page for company and share information. The analyst price targets section shows an average target of C$113.41, about 25.8% above the latest close. That comparison is based on analyst targets, not a forecast or promise. The Wealth Awesome price forecast is a statistical model, not financial advice. Its 90-day mean is C$92.40, with a wide 68% range of C$70.56 to C$121.00. Neither analyst targets nor model estimates can predict how the stock will respond to the earnings report.
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