VerticalScope reports its September-quarter results after market on November 4. The company’s earnings outlook is slightly positive, but its recent record is mixed: it missed EPS estimates in three of its last four comparable quarters, and revenue is expected to dip slightly year over year.
VerticalScope Holdings Inc. (TSX: FORA) will report results for the quarter ended September 30, 2026. The earnings calendar lists EPS consensus at C$0.06, while the trends feed shows C$0.02, based on one analyst. Those figures don’t match, so neither should be treated as settled. The trends feed also estimates revenue at US$14.50 million, down 1.3% from a year earlier. VerticalScope beat estimates in one of its last four comparable quarters.
Recent earnings trend
VerticalScope Holdings Inc
FORA.TO
FORA.TO
VerticalScope Holdings Inc
WealthAwesomeMarket cap
$55.90M
52W high
$4.25
52W low
$2.40
1W change
-5.84%
Beta
0.13
Analyst Price Targets
Based on analyst covering FORA · as of Nov 2, 2026
Wall Street analysts forecast FORA stock price to rise 68.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.34
+68.0% Upside
Previously C$4.35 on Oct 30, 2026
Current Price
C$2.58
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 FORA's historical volatility
30-Day Vol
37.4%
Annualized
90-Day Vol
55.7%
Annualized
Trend (90d)
-8.1%
Annualized drift
90d Mean
C$2.51
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$2.56 | C$2.25 – C$2.91 |
| 60 trading days | C$2.53 | C$2.11 – C$3.04 |
| 90 trading days | C$2.51 | C$2.01 – C$3.13 |
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 | 2026-11-10 | — | 0.0600 | — |
| 2026-06-30 | 2026-08-13 | -0.0200 | 0.0100 | -300.0% |
| 2026-03-31 | 2026-05-12 | -0.1974 | -0.0600 | -229.0% |
| 2025-12-31 | 2026-03-03 | -0.1100 | -0.0300 | -266.7% |
| 2025-09-30 | 2025-11-05 | 0.0300 | -0.0300 | +200.0% |
| 2025-06-30 | 2025-08-12 | -0.0400 | -0.0600 | +33.3% |
Investor takeaway: The report will show whether VerticalScope can steady earnings and revenue after several weak EPS results. The trends feed’s EPS estimate fell from C$0.03 to C$0.02 over the past 30 days, with no revisions recorded during that period. In the previous quarter, revenue and adjusted EBITDA margin improved from the prior quarter, though revenue was still down year over year. Investors may want to watch management’s comments on audience monetization, margins and AI initiatives, as well as the headline EPS figure. The trends feed is based on one analyst, even though coverage is not flagged as low.
Bull case
VerticalScope showed some sequential improvement in the previous quarter. Q2 revenue was US$13.8 million, up 20% from Q1, and the adjusted EBITDA margin was 32%. If that momentum continues, steady margins could help offset the expected small year-over-year revenue decline.
In July, VerticalScope invested about US$6.1 million in AltaML through a secured note and warrant, extending an existing AI relationship. The investment could support future product or operating initiatives, but it has not yet shown an impact on results.
Bear case
VerticalScope’s recent EPS record is a concern. It missed estimates in three of its last four reported quarters: EPS was -C$0.02 versus C$0.01 in June 2026, -C$0.1974 versus -C$0.06 in March, and -C$0.11 versus -C$0.03 in December 2025. The only beat came in September 2025, when EPS was C$0.03 against an estimate of -C$0.03.
The company also reported trailing-12-month EPS of -C$0.52 and a profit margin of -14.02%. Revenue consensus points to a small year-over-year decline, and the EPS estimate in the trends feed has moved lower.
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