SECURE’s September-quarter results are due before markets open on October 29. Analysts expect earnings and revenue to rise from a year ago, though SECURE has missed EPS estimates in two of its last four quarters and matched them in the other two.
Secure Energy Services Inc. (TSX: SES), now known as SECURE Waste Infrastructure Corp., is expected to report results for the quarter ended September 30, 2026. Two analysts estimate EPS of C$0.28, with forecasts ranging from C$0.27 to C$0.29. Four analysts expect revenue of C$397.70 million. These are estimates, not a guarantee of a beat. For more company information, see the SES stock page.
Recent earnings trend
Advertisement
Secure Energy Services Inc.
SES.TO
SES.TO
Secure Energy Services Inc.
WealthAwesomeMarket cap
$5.37B
P/E
41.7x
Div. yield
1.68%
Div. / share
$0.41
52W high
$25.07
52W low
$15.29
1W change
+0.00%
Beta
0.73
Analyst Price Targets
Based on analyst covering SES · as of Sep 17, 2026
Wall Street analysts forecast SES stock price to fall 1.0% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$24.38
-1.0% Upside
Current Price
C$24.62
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 SES's historical volatility
30-Day Vol
22.6%
Annualized
90-Day Vol
23.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$29.43
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$26.13 | C$24.17 – C$28.25 |
| 60 trading days | C$27.73 | C$24.84 – C$30.96 |
| 90 trading days | C$29.43 | C$25.72 – C$33.68 |
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.
Advertisement
Analyst coverage: 2 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | — | 0.2500 | — |
| 2026-06-30 | 2026-07-29 | 0.2000 | 0.2000 | +0.0% |
| 2026-03-31 | 2026-04-30 | 0.1800 | 0.2600 | -30.8% |
| 2025-12-31 | 2026-02-20 | 0.2400 | 0.2400 | +0.0% |
| 2025-09-30 | 2025-10-30 | 0.0100 | 0.2500 | -96.0% |
| 2025-06-30 | 2025-07-29 | 0.1300 | 0.1500 | -13.3% |
Advertisement
Investor takeaway: The year-over-year outlook is positive, but SECURE’s recent record calls for measured expectations. Consensus EPS of C$0.28 compares with C$0.01 a year earlier, and revenue is expected to grow 9%. Still, SES has missed EPS estimates twice in its last four comparable quarters and matched them twice. Investors will also be watching operating results and any update on the proposed GFL transaction. Company headlines said it was expected to close in the second half of 2026, but the information provided here does not confirm its status as of this report.
C$0.28 EPS consensus
Two analysts expect EPS of C$0.27 to C$0.29 for the quarter ended September 30, compared with C$0.01 a year earlier. That’s a sharp year-over-year increase, but it’s only an estimate. SES has not beaten EPS estimates in its last four reported quarters.
Bull case
The EPS forecast has risen from C$0.26 30 days ago to C$0.28. Two analysts contributed to the current estimate, while revenue is forecast at C$397.70 million, up 9% from a year ago.
Recent results offer some operating context. SECURE reported second-quarter 2026 adjusted EBITDA of C$129 million, up 20% year over year per basic share. First-quarter adjusted EBITDA was C$137 million, up 13%. If September-quarter revenue meets expectations and supports earnings, it could help explain the higher EPS forecast. These past results provide context, not a prediction of the upcoming report.
Bear case
SES has missed EPS estimates in two of its last four reported quarters and matched them in the other two. EPS was C$0.20 versus an estimate of C$0.20 in June, C$0.18 versus C$0.26 in March, C$0.24 versus C$0.24 in December, and C$0.01 versus C$0.25 in September 2025. The longer record includes 64 quarters with actual and estimated results, but the recent pattern has been uneven.
The current EPS estimate comes from just two analysts, so coverage is limited. The supplied snapshot also lists a P/E of 41.7 and a dividend yield of 1.68%. Investors should weigh the actual results and outlook rather than rely on the year-over-year EPS growth estimate alone.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
