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Will Black Diamond Group Limited (BDI) Beat Earnings Estimates in Its Next Report?

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Black Diamond Group reports after the market closes on October 29. Analysts expect year-over-year growth in EPS and revenue, but the company has beaten EPS estimates in only one of its last four comparable quarters.

Black Diamond Group Limited (TSX: BDI) is set to report results for the quarter ended September 30, 2026. The earnings calendar lists an EPS consensus of C$0.17, based on two analysts, with estimates ranging from C$0.12 to C$0.22. It puts revenue consensus at C$142.65 million. Those figures imply EPS growth of 13.9% and revenue growth of 35.5% from the year-ago quarter.

Recent earnings trend

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Black Diamond Group Limited

BDI.TO

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BDI.TO

Black Diamond Group Limited

Source:WealthAwesomeWealthAwesome
↑ $2.37 (14.08%)
120 day period
$16.77$19.17$21.57May 5Jul 30Oct 26

Market cap

$1.31B

P/E

56.5x

Div. yield

0.91%

Div. / share

$0.17

52W high

$21.78

52W low

$13.33

1W change

+1.91%

Beta

0.99

Analyst Price Targets

Based on analyst covering BDI · as of Oct 9, 2026

📈

Wall Street analysts forecast BDI stock price to rise 19.6% over the next 12 months.

Consensus

Bullish

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$22.96

+19.6% Upside

Previously C$22.54 on Oct 6, 2026

Current Price

C$19.20

Last close

Compare analyst targets →

Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on BDI's historical volatility

HistoricalForecast68%95%
C$14.96C$18.89C$22.82C$26.74C$30.67C$34.60TodayJun 17Aug 21Oct 26Dec 8Jan 21Mar 5

30-Day Vol

32.5%

Annualized

90-Day Vol

30.4%

Annualized

Trend (90d)

+47.7%

Annualized drift

90d Mean

C$22.76

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$20.32C$18.16 – C$22.74
60 trading daysC$21.51C$18.35 – C$25.21
90 trading daysC$22.76C$18.74 – C$27.65

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: 2 analyst(s) cover this name; upcoming EPS consensus is available.

Beat estimates in 1 of the last 4 comparable quarter(s).

Fiscal periodReport dateActual EPSEstimateSurprise
2026-09-302026-10-29—0.1300—
2026-06-302026-07-300.09000.0800+12.5%
2026-03-312026-04-300.06000.1100-45.5%
2025-12-312026-02-260.13000.1600-18.8%
2025-09-302025-10-300.15000.1700-11.8%
2025-06-302025-08-070.14000.1400+0.0%
0.00000.08500.1700 24-0924-1225-0325-0625-0925-1226-0326-06 Estimate Actual (≥0) Actual (<0) Wealth Awesome

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There’s a discrepancy in the supplied data: a separate calendar lists EPS at C$0.13. Investors should check the company’s release and their preferred data source when results come out. With just one EPS beat in the last four comparable quarters, this report will show whether expected revenue growth is translating into stronger earnings.

Investor takeaway: The October 29 report will test whether BDI.TO can deliver the expected revenue growth and improve on its recent record of mostly missing EPS estimates. The consensus draws on only two analysts, and the supplied calendars show different EPS estimates, so treat the forecast as a reference, not a precise target. Investors may also look for signs that revenue growth is supporting profitability.

C$0.17 EPS consensus, based on two analysts

The C$0.17 consensus is 13.9% above year-ago EPS of C$0.15. But the supplied data also lists a separate EPS estimate of C$0.13. Black Diamond has beaten estimates in only one of its last four comparable quarters, so the forecast is a benchmark, not a result.

Bull case

The calendar’s C$142.65 million revenue consensus points to 35.5% year-over-year growth. The C$0.17 EPS consensus would be 13.9% above the year-ago figure of C$0.15.

Black Diamond’s latest results offer some support for the growth outlook. In Q2 2026, revenue rose 23% year over year to C$129.2 million, adjusted EBITDA grew 4% to C$30.4 million, and LodgeLink recorded its highest quarterly trade value. If third-quarter results show continued revenue growth alongside stronger earnings, they could help ease concerns about the company’s recent record of missing estimates.

Bear case

Black Diamond’s recent EPS record calls for caution. It beat estimates in one of its last four comparable quarters and missed in the other three. For the quarters ended March 31, 2026, and December 31, 2025, it reported EPS of C$0.06 versus C$0.11 expected, and C$0.13 versus C$0.16 expected, respectively.

The consensus comes from only two analysts, and the supplied data lists two different EPS estimates. The stock also has a listed P/E of 54.9 and a profit margin of 4.6%, making the earnings result and any comments on profitability important context for investors.

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Wealth Awesome
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Wealth Awesome

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⚠️ Professional Disclaimer

This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.

Published: October 27, 2026
Last Updated: October 27, 2026

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