Tantalus Systems will report earnings after the market closes on November 11. Analysts expect a small loss and higher revenue than a year ago.
Tantalus Systems Holding Inc. (TSX: GRID) is set to report results for the quarter ended September 30, 2026. Analysts expect a loss of C$0.01 per share and revenue of C$15.32 million, up 8% year over year. The EPS estimate has not changed in the past 30 days, though one analyst lowered an estimate and none raised one. GRID has beaten estimates in two of its last four reported quarters; in the others, results matched expectations. For Canadian investors, the report will show whether revenue can keep growing as the company stays near breakeven.
Recent earnings trend
Tantalus Systems Holding Inc
GRID.TO
GRID.TO
Tantalus Systems Holding Inc
WealthAwesomeMarket cap
$245.53M
52W high
$6.64
52W low
$3.51
1W change
+8.63%
Beta
0.26
Analyst Price Targets
Based on analyst covering GRID · as of Nov 9, 2026
Wall Street analysts forecast GRID stock price to rise 67.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$7.59
+67.5% Upside
Previously C$7.49 on Nov 6, 2026
Current Price
C$4.53
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 GRID's historical volatility
30-Day Vol
58.9%
Annualized
90-Day Vol
52.9%
Annualized
Trend (90d)
+11.3%
Annualized drift
90d Mean
C$4.72
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$4.59 | C$3.75 – C$5.63 |
| 60 trading days | C$4.65 | C$3.49 – C$6.20 |
| 90 trading days | C$4.72 | C$3.32 – C$6.71 |
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: 3 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 | 2026-11-11 | — | 0.0100 | — |
| 2026-06-30 | 2026-08-05 | -0.0200 | — | — |
| 2026-03-31 | 2026-05-06 | -0.0100 | -0.0100 | +0.0% |
| 2025-12-31 | 2026-03-18 | 0.0100 | — | — |
| 2025-09-30 | 2025-11-12 | 0.0100 | -0.0100 | +200.0% |
| 2025-06-30 | 2025-08-06 | -0.0100 | -0.0100 | +0.0% |
Investor takeaway: The main question is whether Tantalus can deliver the expected revenue growth without posting a larger loss than forecast. The company sells smart-grid hardware and software to utilities, along with related services. Its latest available figures show trailing EPS of negative C$0.03 and a profit margin of negative 1.42%. So, look at revenue and profitability alongside the quarterly EPS result. GRID is a small-cap stock, with a market value of about C$246 million, and its results can be volatile.
C$15.32 million
That’s analysts’ revenue estimate for the quarter ended September 30, up 8% from a year earlier. The EPS consensus is a loss of C$0.01, unchanged over the past 30 days.
Bull case
Analysts expect revenue of C$15.32 million, which would be 8% higher than a year ago. Tantalus has beaten EPS estimates in two of its last four reported quarters. In the September 2025 quarter, it earned C$0.01 per share against an expected loss of C$0.01. Company updates also point to utility deployments of its TRUSense devices. If those deployments continue, they could support device shipments and related software and services revenue.
Bear case
Analysts still expect a loss of C$0.01 per share, compared with a profit of C$0.01 in the same quarter last year. Tantalus also has negative trailing EPS and a negative profit margin. Recent estimate revisions lean downward: one analyst cut an estimate, and none raised one. Utility spending and the pace at which deployments turn into revenue remain uncertain. The available information doesn’t show how much this quarter’s results will clarify those questions.
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