Ensign Energy Services reports before the market opens on November 6. The EPS consensus is modestly positive, but recent results have been uneven. This quarter will show whether expected revenue growth is translating into stronger profits.
Ensign Energy Services Inc. (TSX: ESI) is set to report results for the quarter ended September 30, 2026. The consensus calls for EPS of C$0.03 and revenue of C$464.55 million, up 13% from a year earlier. These estimates come from one analyst for EPS and two for revenue, so they offer only a limited snapshot. Follow ESI.TO on the Ensign Energy Services stock page.
Recent earnings trend
Ensign Energy Services Inc
ESI.TO
ESI.TO
Ensign Energy Services Inc
WealthAwesomeMarket cap
$766.80M
52W high
$4.97
52W low
$2.30
1W change
-16.04%
Beta
1.94
Analyst Price Targets
Based on analyst covering ESI · as of Oct 29, 2026
Wall Street analysts forecast ESI stock price to rise 15.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.42
+15.6% Upside
Previously C$4.25 on Oct 22, 2026
Current Price
C$3.82
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 ESI's historical volatility
30-Day Vol
54.0%
Annualized
90-Day Vol
48.9%
Annualized
Trend (90d)
+47.7%
Annualized drift
90d Mean
C$4.53
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$4.04 | C$3.36 – C$4.87 |
| 60 trading days | C$4.28 | C$3.29 – C$5.57 |
| 90 trading days | C$4.53 | C$3.28 – C$6.26 |
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.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-06 | — | 0.0100 | — |
| 2026-06-30 | 2026-08-07 | -0.1000 | -0.0400 | -150.0% |
| 2026-03-31 | 2026-05-07 | -0.0600 | -0.0100 | -500.0% |
| 2025-12-31 | 2026-03-06 | -0.0600 | -0.0100 | -500.0% |
| 2025-09-30 | 2025-11-07 | -0.0100 | -0.0300 | +66.7% |
| 2025-06-30 | 2025-08-08 | -0.1100 | -0.0600 | -83.3% |
Investor takeaway: This report is a test of operating improvement, not a clear beat call. Ensign beat EPS estimates in one of its last four reported quarters and missed in each of the three most recent quarters. The EPS consensus has risen from C$0.01 to C$0.03 over the past 30 days, but the company’s trailing EPS and profit margin remain negative in the supplied figures. Watch whether revenue growth and the Citadel Drilling acquisition help earnings without adding pressure to the balance sheet.
C$0.03 EPS consensus
The consensus for the September quarter is C$0.03 per share, up from C$0.01 a month ago. But only one analyst contributed to the estimate. Ensign beat EPS expectations in one of its last four reported quarters, so the consensus is a benchmark—not a forecast of what the company will report.
Bull case
Analysts expect revenue to rise from a year earlier, and the EPS estimate has increased over the past month. Ensign also completed its acquisition of Citadel Drilling in August, adding six high-spec rigs in the Permian. If activity and integration go as planned, the results could show progress toward stronger earnings. In the previous quarter, both revenue and adjusted EBITDA increased year over year.
Bear case
Ensign’s recent EPS results raise concerns. The company reported losses of C$0.10, C$0.06 and C$0.06 in its last three quarters, missing estimates each time. The supplied figures show trailing EPS of -C$0.22 and a profit margin of -2.44%. Net debt stood at C$909.1 million at the end of Q2, and Ensign funded the Citadel acquisition with cash and available credit facilities. Higher revenue alone won’t ease concerns if margins, cash flow or debt remain under pressure.
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