Big Rock Brewery reports after the market closes on November 6. One analyst expects its loss per share to narrow slightly from a year ago, though the company is still expected to post a loss.
Big Rock Brewery Inc. (TSX: BR) is set to report results for the quarter ended September 30, 2026, after the market closes on November 6. The earnings calendar has no EPS headline fields. The available estimate, from one analyst, is a loss of C$0.25 per share on revenue of C$8.70 million. That compares with a C$0.28 loss a year earlier, while revenue is expected to be nearly flat. With just one analyst estimate, the consensus offers a limited view of market expectations. Follow BR.TO on the Big Rock Brewery stock page.
Recent earnings trend
Big Rock Brewery Inc.
BR.TO
BR.TO
Big Rock Brewery Inc.
WealthAwesomeMarket cap
$14.76M
52W high
$0.94
52W low
$0.55
1W change
+0.00%
Beta
0.01
Analyst Price Targets
Based on analyst covering BR · as of Sep 17, 2026
Wall Street analysts forecast BR stock price to rise 316.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$2.50
+316.7% Upside
Current Price
C$0.60
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 BR's historical volatility
30-Day Vol
53.1%
Annualized
90-Day Vol
40.4%
Annualized
Trend (90d)
-40.0%
Annualized drift
90d Mean
C$0.52
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.57 | C$0.48 – C$0.69 |
| 60 trading days | C$0.55 | C$0.42 – C$0.71 |
| 90 trading days | C$0.52 | C$0.38 – C$0.71 |
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: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | -0.0253 | — | — |
| 2026-03-31 | 2026-05-13 | -0.0726 | — | — |
| 2025-12-31 | 2026-03-26 | -0.0434 | — | — |
| 2025-09-30 | 2025-11-06 | -0.0040 | — | — |
| 2025-06-30 | 2025-08-14 | 0.0115 | — | — |
| 2025-03-31 | 2025-05-12 | -1.3827 | — | — |
Investor takeaway: The November report will show whether Big Rock kept revenue near last year’s level and narrowed its quarterly loss amid pressure on sales volume and profitability. The one-analyst EPS estimate hasn’t changed in 30 days, but recent operating and financing disclosures make cash generation and debt terms worth watching. In Q2, Big Rock reported lower sales volume and adjusted EBITDA, disclosed an EBITDA covenant breach, and later amended the maturity of a C$2 million loan from an insider. These are reported facts, not a forecast for the September quarter. Big Rock also missed estimates in each of its last four reported quarters with comparable data. That history puts the current estimate in context, but it doesn’t predict the next result.
C$0.25 loss per share
One analyst expects a C$0.25 loss per share for the quarter ended September 30, compared with a C$0.28 loss a year earlier. Revenue is forecast at C$8.70 million. The EPS estimate hasn’t changed in 30 days. Big Rock missed estimates in its last four reported comparable quarters.
Bull case
The estimate points to a 10.7% year-over-year improvement in EPS, with the loss narrowing from C$0.28 to C$0.25 per share. Revenue is expected to dip just 0.1%. If Big Rock keeps sales near that level and controls costs, it could post a better result than it did a year ago. The estimate hasn’t changed in 30 days, so there have been no recorded revisions during that period. Investors will be looking for results that support the expected narrower loss and show progress in operations.
Bear case
The estimate still points to a loss, and it comes from only one analyst. Big Rock’s Q2 2026 results showed revenue down 1% year over year, sales volume down 5%, and adjusted EBITDA of C$0.7 million, compared with C$1.0 million a year earlier. The company also reported an EBITDA covenant breach and reclassified C$3.6 million of debt as current. In September, Big Rock amended the maturity of a C$2 million loan from an insider. The loan is now due on the earlier of March 31, 2027, or the date the company obtains third-party financing. Its interest rate is ATB’s bank rate plus 7%. The September-quarter results will give investors a clearer picture of the business, but the available information doesn’t show how these pressures changed during the quarter.
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