MDA Ltd's recent earnings report shows a stronger-than-expected performance, indicating positive momentum in the aerospace and defense sector.
MDA Ltd (TSX:MDA) reported its Q2 2026 earnings on August 7, 2026, with an earnings per share (EPS) of $0.36, beating analysts' expectations of $0.34 by 5.9%. This marks the third consecutive quarter that MDA has exceeded earnings estimates, demonstrating its ability to thrive in the competitive aerospace and defense industry.
Recent earnings trend
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MDA Ltd
MDA.TO
MDA.TO
MDA Ltd
WealthAwesomeMarket cap
$6.49B
P/E
50.7x
52W high
$67.90
52W low
$20.85
1W change
-4.85%
Beta
-0.03
Analyst Price Targets
Based on analyst covering MDA
Wall Street analysts forecast MDA stock price to rise 68.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$67.55
+68.6% Upside
Current Price
C$40.06
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MDA's historical volatility
30-Day Vol
57.2%
Annualized
90-Day Vol
67.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$33.51
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$37.75 | C$30.98 โ C$45.99 |
| 60 trading days | C$35.56 | C$26.90 โ C$47.02 |
| 90 trading days | C$33.51 | C$23.80 โ C$47.18 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-13 | โ | 0.3400 | โ |
| 2026-06-30 | 2026-08-07 | 0.3600 | 0.3400 | +5.9% |
| 2026-03-31 | 2026-05-07 | 0.3800 | 0.3200 | +18.8% |
| 2025-12-31 | 2026-03-04 | 0.4500 | 0.4000 | +12.5% |
| 2025-09-30 | 2025-11-14 | 0.3500 | 0.3500 | +0.0% |
| 2025-06-30 | 2025-08-07 | 0.3800 | 0.3000 | +26.7% |
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Investor takeaway: For Canadian investors, MDA's consistent earnings beats and growing backlog present a solid investment opportunity, especially with increasing government spending in defense and space sectors.
EPS beats estimates by 5.9%, revenue surges 34%
MDA's revenue rose by 34% year-over-year, fueled by strong demand for satellite services and a growing backlog that now exceeds $4 billion.
Bull case
MDA's strategic acquisitions and strong order momentum put it in a good position for future growth. The expanding backlog supports long-term revenue stability.
Bear case
However, there are concerns about high capital expenditures and integration risks from recent acquisitions that could affect cash flows, particularly if key contracts face delays.
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