As Major Drilling Group prepares to release its earnings report, investors are closely watching for signs of growth in a competitive mining landscape.
Scheduled for release on September 2, 2026, after market close, Major Drilling Group International (MDI.TO) is expected to report earnings per share (EPS) of $0.16. This marks a significant increase from the $0.12 EPS reported a year ago, indicating an anticipated growth of 141.7%. Despite low analyst coverage, the historical performance of earnings makes this upcoming report a crucial moment for the company and its investors.
Recent earnings trend
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Major Drilling Group International
MDI.TO
MDI.TO
Major Drilling Group International
WealthAwesomeMarket cap
$1.33B
P/E
50.7x
52W high
$18.70
52W low
$11.32
1W change
-5.04%
Beta
1.41
Analyst Price Targets
Based on analyst covering MDI · as of Sep 17, 2026
Wall Street analysts forecast MDI stock price to rise 29.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$20.95
+29.2% Upside
Current Price
C$16.22
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 MDI's historical volatility
30-Day Vol
38.1%
Annualized
90-Day Vol
42.6%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$19.39
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$17.21 | C$15.09 – C$19.63 |
| 60 trading days | C$18.27 | C$15.17 – C$22.00 |
| 90 trading days | C$19.39 | C$15.44 – C$24.35 |
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.
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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 |
|---|---|---|---|---|
| 2026-07-31 | 2026-09-02 | — | 0.1600 | — |
| 2026-04-30 | 2026-06-10 | 0.1000 | 0.0800 | +25.0% |
| 2026-01-31 | 2026-02-25 | -0.1300 | -0.0800 | -62.5% |
| 2025-10-31 | 2025-12-10 | 0.1700 | 0.1700 | +0.0% |
| 2025-07-31 | 2025-09-08 | 0.1200 | 0.1800 | -33.3% |
| 2025-04-30 | 2025-06-11 | 0.0100 | 0.0600 | -83.3% |
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Investor takeaway: Keep an eye on Major Drilling's EPS growth and revenue expectations in this report, as these metrics could impact stock performance soon.
Bull case
The company has shown resilience, with a reported 14.9% revenue increase in its latest quarter. If this trend continues, MDI could surpass expectations, driven by strong demand in the mining sector.
Bear case
On the other hand, MDI has only beaten expectations once in the last four quarters, and a recent EPS revision downward from $0.35 to $0.29 raises concerns that the company may not meet consensus estimates, which could negatively affect its stock price.
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