Stack Capital Group reported a smaller quarterly loss than analysts expected. But its book value per share fell as a lower valuation for one portfolio holding outweighed gains in others.
Stack Capital Group Inc. (TSX: STCK) reported a loss of C$0.35 per share for the quarter ended September 30, 2026, compared with analysts’ estimated loss of C$0.65. The loss was 46.2% smaller than expected. Because the company’s results depend on the reported values of its private and public investments, the earnings comparison is only part of the story. Book value per share was C$19.90 at quarter-end, down from C$20.25 on June 30.
Recent earnings trend
Stack Capital Group Inc
STCK.TO
STCK.TO
Stack Capital Group Inc
WealthAwesomeMarket cap
$215.00M
P/E
2.1x
52W high
$38.72
52W low
$11.79
1W change
-6.99%
Beta
0.67
Analyst Price Targets
Based on analyst covering STCK · as of Nov 9, 2026
Wall Street analysts forecast STCK stock price to rise 89.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$27.00
+89.6% Upside
Previously C$28.06 on Sep 17, 2026
Current Price
C$14.24
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 STCK's historical volatility
30-Day Vol
60.6%
Annualized
90-Day Vol
57.5%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$11.91
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$13.42 | C$10.89 – C$16.54 |
| 60 trading days | C$12.64 | C$9.41 – C$16.99 |
| 90 trading days | C$11.91 | C$8.29 – C$17.11 |
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 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-12-31 | 2027-03-04 | — | 0.9800 | — |
| 2026-09-30 | 2026-11-05 | -0.3500 | -0.6500 | +46.2% |
| 2026-06-30 | 2026-08-05 | 3.6100 | 2.8800 | +25.3% |
| 2026-03-31 | 2026-05-07 | 1.1766 | — | — |
| 2025-12-31 | 2026-03-18 | 1.0758 | 0.0300 | +3486.0% |
| 2025-09-30 | 2025-11-06 | 0.1930 | 0.0400 | +382.5% |
Investor takeaway: STCK.TO beat earnings estimates for the fourth comparable quarter in a row. But the latest results also show how changes in portfolio valuations can affect book value. The decline reflected a lower reported value for Stack’s SpaceX holding, partly offset by higher values for Crusoe and Databricks. Investors should consider both the earnings beat and the uncertainty in those valuations.
C$19.90
Stack Capital’s book value per share at September 30 was C$19.90, down from C$20.25 at June 30. The company’s C$0.35-per-share loss was 46.2% smaller than analysts expected, but book value gives investors another way to track changes in the reported value of its portfolio.
Bull case
Stack has beaten estimates in each of its last four comparable reported quarters. Its portfolio also gives investors exposure to companies in technology and other growth sectors. In its latest update, Stack reported higher values for Crusoe and Databricks. Its C$19.90 book value per share was also above the C$14.24 last closing price in the supplied market data. The company said it had repurchased 89,700 shares under its issuer bid through November 4.
Bear case
An earnings beat doesn’t eliminate the risk that private-investment valuations will change sharply. Book value per share fell from C$20.25 to C$19.90, partly because Stack lowered the reported value of its SpaceX holding. At the supplied last close, the shares were below their 50-day and 200-day moving averages, and a statistical 90-day model indicated a lower average price. Limited independent coverage can also make it harder to compare Stack’s portfolio valuations with outside assessments.
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