Wajax reported adjusted third-quarter earnings of C$0.59 per share, 24.4% below the C$0.78 calendar estimate. Revenue also fell from a year earlier. At the same time, the company reported a larger backlog and growth in product support and engineered repair services.
Wajax Corporation (TSX: WJX) released results for the quarter ended September 30, 2026, after the market closed on November 2. Revenue was C$477.8 million, down 1.1% year over year, according to the results summary provided for this report. Wajax has missed estimates in three of its last four reported quarters. For more coverage, visit the Wajax stock page.
Recent earnings trend
Wajax Corporation
WJX.TO
WJX.TO
Wajax Corporation
WealthAwesomeMarket cap
$735.29M
P/E
11.5x
Div. yield
4.16%
Div. / share
$1.40
52W high
$40.00
52W low
$23.71
1W change
-6.89%
Beta
0.65
Analyst Price Targets
Based on analyst covering WJX · as of Oct 20, 2026
Wall Street analysts forecast WJX stock price to rise 15.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$39.00
+15.5% Upside
Previously C$38.20 on Oct 16, 2026
Current Price
C$33.76
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 WJX's historical volatility
30-Day Vol
49.0%
Annualized
90-Day Vol
39.3%
Annualized
Trend (90d)
-6.2%
Annualized drift
90d Mean
C$33.02
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$33.51 | C$28.30 – C$39.68 |
| 60 trading days | C$33.27 | C$26.20 – C$42.25 |
| 90 trading days | C$33.02 | C$24.64 – C$44.25 |
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: 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 | 2026-11-02 | 0.5900 | 0.7800 | -24.4% |
| 2026-06-30 | 2026-08-06 | 0.8200 | 0.8400 | -2.4% |
| 2026-03-31 | 2026-05-04 | 0.6500 | 0.7600 | -14.5% |
| 2025-12-31 | 2026-03-02 | 0.6900 | 0.6700 | +3.0% |
| 2025-09-30 | 2025-11-03 | 0.7300 | 0.6000 | +21.7% |
| 2025-06-30 | 2025-08-07 | 0.7500 | 0.6900 | +8.7% |
Investor takeaway: The earnings miss is clear, but the operating picture is mixed. Revenue declined modestly, while backlog grew 18% and product support and engineered repair services revenue increased, according to the supplied summary. These gains could support future business, but the available information doesn’t show when backlog will turn into revenue or how profitable that work will be. Wajax’s recent earnings record also calls for caution. The key question is whether demand and execution can lift earnings.
C$0.59 EPS versus C$0.78 estimated
Wajax’s C$0.59 per-share result was C$0.19, or 24.4%, below the calendar estimate. It compares with C$0.82 in the previous quarter and C$0.73 in the same quarter last year, based on the supplied earnings-history and trend data. Revenue was C$477.8 million, down 1.1% year over year.
Bull case
Backlog grew 18%, pointing to a larger pipeline of work. Growth in product support and engineered repair services also suggests demand for parts of the business that help customers maintain their equipment. Wajax has announced an expanded power-solutions relationship in Alberta and a wider heavy- and medium-duty vehicle aftermarket offering, which could extend its reach in industrial and resource markets. The supplied analyst data show an average target of C$39.00, 15.5% above the last close of C$33.76. These are potential supports, not guarantees of future results.
Bear case
Wajax’s C$0.59 per-share earnings fell well short of the C$0.78 estimate, while revenue declined 1.1% year over year. The company beat estimates in only one of its last four reported quarters and missed in each of the three most recent ones. A larger backlog is encouraging, but it doesn’t confirm when sales will happen or how profitable they’ll be. The supplied fundamentals also show a 3.19% profit margin, which leaves earnings exposed to changes in costs and operating conditions.
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