Element Fleet Management reports after the market closes on November 3. Analysts expect year-over-year growth in EPS and revenue, but EFN has beaten estimates in only two of its last four reported quarters.
Element Fleet Management Corp. (TSX: EFN) will report results for the quarter ended September 30, 2026, after the market closes on November 3. Nine analysts expect EPS of C$0.50, while five analysts forecast revenue of US$455.12 million. Those estimates represent year-over-year growth of 8.2% in EPS and 6.1% in revenue.
Recent earnings trend
Element Fleet Management Corp
EFN.TO
EFN.TO
Element Fleet Management Corp
WealthAwesomeMarket cap
$8.66B
P/E
21.4x
Div. yield
1.83%
Div. / share
$0.40
52W high
$37.30
52W low
$20.39
1W change
+1.81%
Beta
0.48
Analyst Price Targets
Based on analyst covering EFN · as of Oct 29, 2026
Wall Street analysts forecast EFN stock price to rise 54.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$33.90
+54.7% Upside
Previously C$35.30 on Oct 27, 2026
Current Price
C$21.91
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 EFN's historical volatility
30-Day Vol
27.2%
Annualized
90-Day Vol
30.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$18.29
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$20.60 | C$18.75 – C$22.62 |
| 60 trading days | C$19.41 | C$17.00 – C$22.16 |
| 90 trading days | C$18.29 | C$15.54 – C$21.51 |
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: 9 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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | 0.5000 | — |
| 2026-06-30 | 2026-08-05 | 0.4800 | 0.4900 | -2.0% |
| 2026-03-31 | 2026-05-06 | 0.4800 | 0.4600 | +4.3% |
| 2025-12-31 | 2026-02-24 | 0.4500 | 0.4600 | -2.2% |
| 2025-09-30 | 2025-11-12 | 0.4600 | 0.4500 | +2.2% |
| 2025-06-30 | 2025-08-06 | 0.4100 | 0.4100 | +0.0% |
The EPS consensus has edged up from C$0.49 over the past 30 days, with three analysts raising their estimates and none lowering theirs. Still, EFN has beaten estimates in two of its last four comparable quarters, so its recent results show no consistent pattern of outperformance.
The company recently launched Element Pay, a fleet-cost-control product. Investors will be watching to see whether it has contributed meaningfully to results, though the announcement alone doesn’t show that it has.
Investor takeaway: The main question is whether EFN can deliver the expected year-over-year growth, given its mixed recent earnings record. Compare reported EPS with the C$0.50 consensus and revenue with the US$455.12 million estimate. Element Pay could matter to EFN’s longer-term growth, but there’s no evidence here that it will materially affect this quarter’s results.
C$0.50 EPS consensus
Nine analysts expect EFN to report EPS of C$0.50 for the quarter ended September 30, up from C$0.46 a year earlier. The estimate has risen from C$0.49 over the past 30 days. But EFN beat estimates in two of its last four comparable quarters and missed in the other two.
Bull case
Analysts expect growth, and the EPS consensus has risen slightly over the past month. Element Pay also expands EFN’s fleet-management offering with cardless fuel payments, vehicle-linked authorization, and spending controls.
The company says one customer reported overall savings of 15% and identified $150,000 in potential fraudulent spending over 90 days. These are customer-reported figures, not proof of an earnings impact across the company. EFN beat EPS estimates in two of its last four quarters, including the March 2026 quarter.
Bear case
EFN missed estimates in two of its last four reported quarters, including June 2026, when it reported EPS of C$0.48 against expectations of C$0.49.
The stock’s last close, C$21.91, was below its 50-day moving average of C$24.14 and its 200-day moving average of C$29.20. Element Pay may have potential, but investors shouldn’t assume the new product will make up for a weak quarter or quickly lift earnings.
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