Canfor is expected to post another quarterly loss, though analysts expect it to be smaller than a year ago. Their forecasts also point to higher revenue and a less severe year-over-year EPS comparison.
Canfor Corporation (TSX: CFP), also known as CFP.TO, is set to report third-quarter 2026 results after markets close on November 3. The quarter ended September 30. One earnings calendar lists an EPS estimate of -C$0.18, while trend data shows a consensus of -C$0.46 from four analysts. The difference makes it worth checking which benchmark is used when results come out. Either way, the key question is whether Canfor can keep narrowing its losses amid tough lumber and pulp markets. Recent decisions, including mill closures and a planned U.S. investment, will also be in focus.
Recent earnings trend
Canfor Corporation
CFP.TO
CFP.TO
Canfor Corporation
WealthAwesomeMarket cap
$1.78B
52W high
$16.59
52W low
$10.86
1W change
-0.20%
Beta
1.47
Analyst Price Targets
Based on analyst covering CFP · as of Oct 15, 2026
Wall Street analysts forecast CFP stock price to rise 14.7% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$17.43
+14.7% Upside
Previously C$17.71 on Sep 21, 2026
Current Price
C$15.20
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 CFP's historical volatility
30-Day Vol
29.6%
Annualized
90-Day Vol
34.3%
Annualized
Trend (90d)
-12.3%
Annualized drift
90d Mean
C$14.55
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$14.98 | C$13.52 – C$16.59 |
| 60 trading days | C$14.76 | C$12.77 – C$17.06 |
| 90 trading days | C$14.55 | C$12.19 – C$17.37 |
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.
Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | -0.1800 | — |
| 2026-06-30 | 2026-07-28 | -0.0500 | -0.3600 | +86.1% |
| 2026-03-31 | 2026-03-31 | -0.8542 | -0.7024 | -21.6% |
| 2025-12-31 | 2026-03-05 | -1.0300 | -1.0200 | -1.0% |
| 2025-09-30 | 2025-11-05 | -1.4700 | -0.9500 | -54.7% |
| 2025-06-30 | 2025-07-31 | -0.5600 | -0.3400 | -64.7% |
Investor takeaway: Current forecasts point to another loss, not a return to profit. Trend data puts revenue at C$1.37 billion, up 9.0% from a year earlier, and EPS at -C$0.46, compared with -C$1.47. Analysts have made the EPS forecast slightly less negative over the past month, moving it from -C$0.48 to -C$0.46. Revisions were mixed, with one increase and one decrease. Canfor beat estimates in one of its last four quarters, but that record is no guarantee of another surprise. Investors should watch the reported loss and revenue, along with management’s comments on market conditions and capacity changes. See the Canfor stock page for more coverage.
C$1.37 billion
That’s the revenue consensus in the earnings-trend data, based on three analysts. It implies 9.0% growth from a year earlier. The same data puts EPS at -C$0.46, based on four analysts, compared with -C$1.47 a year ago. A separate earnings calendar lists an EPS estimate of -C$0.18, so the available sources don’t agree on the benchmark. Canfor beat EPS estimates in one of its last four quarters. The trend table and chart show the quarter-by-quarter results.
Bull case
The optimistic case is that Canfor is improving from a weak year-ago period. In its latest reported quarter, ended June 30, the company posted EPS of -C$0.05, beating the -C$0.36 estimate by 86.11%. Its Q2 release also reported sales of C$1.53 billion, a net loss of C$18.5 million compared with C$202.8 million a year earlier, and adjusted operating income of C$23.6 million. The company was still unprofitable, but the year-over-year improvement was substantial.
Analysts also expect revenue to grow this quarter. Over time, the planned modernization of Canfor Southern Pine’s Iron Mountain facility could increase output. Canfor shares closed at C$15.20, above their 50-day and 200-day moving averages. That price trend, however, doesn’t tell us what the earnings report will show.
Bear case
Better year-over-year comparisons don’t erase the pressures on Canfor’s business. Trailing EPS is -C$5.58, and the reported profit margin is -12.04%, reflecting the scale of recent losses.
Canfor has announced the permanent closure of its Fox Creek sawmill, citing weak markets, U.S. duties and tariffs, and a shortage of regional fibre. It has also announced the closure of the Northwood pulp mill, which will remove significant annual pulp capacity. These decisions respond to difficult conditions, but they also show the challenges facing the company and its workers.
The EPS consensus remains negative, and the trend estimate is based on just four analysts. Investors may learn more from the report’s details on operations and outlook than from whether Canfor narrowly beats or misses a forecast.
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