Telesat reports before the market opens on October 29. Analysts expect a loss of C$1.35 per share and lower year-over-year revenue. After several large earnings misses, investors will be watching to see whether results come closer to expectations.
Telesat Corp (TSAT.TO) is scheduled to report results for the quarter ended September 30, 2026. The consensus from four analysts is a loss of C$1.35 per share and revenue of C$77.32 million. The expected loss has narrowed from C$1.63 a month ago. But Telesat beat EPS estimates in only one of its last four comparable quarters. For Canadian investors, the report will offer an update on earnings and revenue as the company works on its satellite and ground-network plans.
Recent earnings trend
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Telesat Corp
TSAT.TO
TSAT.TO
Telesat Corp
WealthAwesomeMarket cap
$3.07B
52W high
$85.50
52W low
$32.60
1W change
-1.49%
Beta
2.04
Analyst Price Targets
Based on analyst covering TSAT · as of Sep 17, 2026
Wall Street analysts forecast TSAT stock price to rise 33.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$83.69
+33.3% Upside
Current Price
C$62.78
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 TSAT's historical volatility
30-Day Vol
61.2%
Annualized
90-Day Vol
97.6%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$75.05
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$66.63 | C$53.94 – C$82.31 |
| 60 trading days | C$70.72 | C$52.45 – C$95.35 |
| 90 trading days | C$75.05 | C$52.05 – C$108.23 |
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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | — | -1.2800 | — |
| 2026-06-30 | 2026-08-13 | -10.8900 | -1.1300 | -863.7% |
| 2026-03-31 | 2026-05-05 | -1.8300 | -1.2100 | -51.2% |
| 2025-12-31 | 2026-03-17 | -2.3900 | -1.1700 | -104.3% |
| 2025-09-30 | 2025-11-04 | 1.5800 | -0.8600 | +283.7% |
| 2025-06-30 | 2025-08-06 | 2.2100 | -0.5300 | +517.0% |
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Investor takeaway: Analysts expect a smaller loss than the C$2.38 per share reported a year ago, but revenue is forecast to fall 23.5%. Investors will want to look beyond EPS to revenue and management’s comments on the outlook. Telesat has a long history of comparable EPS estimates, but recent results have often fallen short, sometimes by a wide margin. Longer-term network milestones offer context, but they don’t replace the quarterly numbers.
C$1.35 loss per share
That’s the current consensus for the September quarter, based on four analysts. It’s an improvement from the expected C$1.63 loss 30 days ago. Analysts also expect revenue of C$77.32 million, down 23.5% from a year earlier. These are estimates, not results. Given Telesat’s recent large EPS misses, the actual figures and management’s outlook will matter.
Bull case
The EPS consensus has improved over the past month, moving from a C$1.63 loss to a C$1.35 loss. One analyst raised their estimate, and none lowered theirs. Compared with the year-ago quarter, the estimate implies EPS growth of 43.1%.
Telesat has also reported progress on its planned Lightspeed network, including ground-network agreements and an antenna demonstration. In August, it announced a major Arctic military satcom contract. These developments may help investors assess future demand and execution, but the information provided doesn’t show how they will affect this quarter’s revenue or earnings.
Bear case
Analysts expect revenue to fall 23.5% year over year, and Telesat’s recent EPS record is a concern. In the June 2026 quarter, the company reported a loss of C$10.89 per share, compared with an estimated loss of C$1.13. It also missed estimates in the March and December 2025 quarters. The September 2025 quarter was its only beat in the last four.
Telesat’s trailing EPS and profit margin are deeply negative. A better-than-expected result this quarter would be welcome, but it wouldn’t by itself show that the business is turning around.
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