Source Energy Services Ltd's latest earnings report reveals a significant miss, raising concerns among investors.
Source Energy Services Ltd (SHLE.TO) reported its fiscal Q2 2026 earnings on July 29, 2026, showing a staggering earnings miss of 318.2%. The company posted an EPS of -0.371, falling short of the estimated EPS of 0.17. This continues a troubling trend, as Source has not met earnings expectations in any of the last four quarters.
Recent earnings trend
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Source Energy Services Ltd
SHLE.TO
SHLE.TO
Source Energy Services Ltd
WealthAwesomeMarket cap
$152.50M
P/E
23.8x
52W high
$18.74
52W low
$10.34
1W change
-5.89%
Beta
2.43
Analyst Price Targets
Based on analyst covering SHLE
Wall Street analysts forecast SHLE stock price to rise 39.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$16.25
+39.2% Upside
Current Price
C$11.67
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 SHLE's historical volatility
30-Day Vol
33.0%
Annualized
90-Day Vol
39.8%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$9.76
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$11.00 | C$9.81 – C$12.32 |
| 60 trading days | C$10.36 | C$8.82 – C$12.17 |
| 90 trading days | C$9.76 | C$8.02 – C$11.89 |
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.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-29 | -0.3710 | 0.1700 | -318.2% |
| 2026-03-31 | 2026-05-07 | -0.2521 | 0.5600 | -145.0% |
| 2025-12-31 | 2026-02-26 | 0.1300 | 0.3200 | -59.4% |
| 2025-09-30 | 2025-11-06 | -0.1900 | 0.0900 | -311.1% |
| 2025-06-30 | 2025-07-30 | 0.5800 | 0.6500 | -10.8% |
| 2025-03-31 | 2025-05-08 | 0.7500 | 0.7600 | -1.3% |
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Investor takeaway: Investors should be cautious following Source Energy's latest earnings report, which highlights ongoing operational challenges and a lack of profitability. The company's consistent failure to meet analyst expectations raises questions about its future performance and market position in the energy sector.
Earnings Miss: EPS of -0.371 vs. Estimated EPS of 0.17
The negative EPS of -0.371 shows a significant gap from what analysts expected, marking a trend of poor performance over the past year.
Bull case
Despite the recent earnings miss, Source Energy Services could bounce back if it successfully makes operational improvements and takes advantage of any recovery in demand for its services. Analysts are still optimistic, with a consensus target price of C$16.25, indicating potential growth from the current trading level.
Bear case
The large earnings miss raises concerns about the company's operational efficiency and market positioning. Ongoing underperformance could further erode investor confidence and share price, especially given the downward trends in recent months.
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