Winpak’s third-quarter earnings fell short of estimates. Revenue grew, but net income edged down from a year earlier.
Winpak Ltd. (TSX: WPK) reported third-quarter 2026 results after the market closed on October 22. Earnings per share came in at US$0.60, 6.3% below the US$0.64 consensus estimate. Revenue rose 10.4% year over year to US$312.5 million, while net income attributable to shareholders fell 3.3% to US$35.2 million. For Canadian investors, the results show that higher sales haven’t yet led to higher quarterly earnings.
Recent earnings trend
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Winpak Ltd.
WPK.TO
WPK.TO
Winpak Ltd.
WealthAwesomeMarket cap
$2.62B
P/E
13.7x
Div. yield
0.32%
Div. / share
$0.14
52W high
$52.06
52W low
$38.86
1W change
-2.40%
Beta
0.13
Analyst Price Targets
Based on analyst covering WPK · as of Oct 23, 2026
Wall Street analysts forecast WPK stock price to rise 10.9% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$48.30
+10.9% Upside
Previously C$48.37 on Oct 22, 2026
Current Price
C$43.53
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 WPK's historical volatility
30-Day Vol
21.0%
Annualized
90-Day Vol
17.5%
Annualized
Trend (90d)
-21.1%
Annualized drift
90d Mean
C$40.37
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$42.45 | C$39.48 – C$45.63 |
| 60 trading days | C$41.39 | C$37.37 – C$45.86 |
| 90 trading days | C$40.37 | C$35.61 – C$45.76 |
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: 3 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 | 2026-10-22 | 0.6000 | 0.6400 | -6.3% |
| 2026-06-30 | 2026-07-23 | 0.5700 | 0.5500 | +3.6% |
| 2026-03-31 | 2026-04-23 | 0.5300 | 0.5900 | -10.2% |
| 2025-12-31 | 2026-02-23 | 0.6000 | 0.6300 | -4.8% |
| 2025-09-30 | 2025-10-22 | 0.6000 | 0.5900 | +1.7% |
| 2025-06-30 | 2025-07-24 | 0.4900 | 0.6200 | -21.0% |
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Investor takeaway: The miss was modest, but it adds to a mixed record: Winpak beat estimates in just one of its last four reported quarters. Revenue growth and higher sales volumes are positives. But lower gross profit and net income show that increased volume hasn’t been enough to lift earnings. You can review the WPK.TO stock page, along with analyst ratings and the price forecast.
US$0.60 EPS versus US$0.64 estimated
Third-quarter sales rose 10.4% from a year earlier to US$312.5 million, but net income attributable to shareholders declined 3.3% to US$35.2 million. Basic and diluted earnings per share were both US$0.60, unchanged from the same quarter in 2025. That put EPS 6.3% below the US$0.64 estimate.
Bull case
Revenue increased from US$283.0 million a year earlier. Management said higher sales volumes added US$1.7 million to third-quarter earnings. Winpak supplies packaging for food, beverages and healthcare, including packaging designed to protect perishable products. Revenue for the first nine months also rose to US$887.0 million from US$840.6 million in 2025. The shares have a reported P/E of about 13.7 and a profit margin of 12.01%.
Bear case
Winpak beat estimates in just one of its last four comparable quarters. Lower gross profit reduced third-quarter earnings by US$2.0 million, and management said other items together reduced earnings by a further US$0.9 million. Net income attributable to shareholders fell 1.4% over the first nine months compared with the same period in 2025. The company also faces risks from raw-material costs, pricing, customer contract terms, competition and currency movements.
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