CAE reports after the market closes on November 11. Analysts expect earnings to rise from a year ago, but recent estimate revisions are mixed.
CAE Inc. (TSX: CAE), also known as CAE.TO, is set to report results for the quarter ended September 30, 2026. The earnings-trends consensus expects adjusted EPS of C$0.27, up 17.1% from C$0.23 a year earlier, and revenue of about C$1.25 billion, up 0.8%. Another calendar estimate puts EPS at C$0.26, so figures vary by source. CAE has beaten EPS estimates in three of its last four reported quarters. This report will show whether earnings growth can continue while revenue growth remains modest.
Recent earnings trend
CAE Inc.
CAE.TO
CAE.TO
CAE Inc.
WealthAwesomeMarket cap
$12.47B
P/E
44.7x
52W high
$47.65
52W low
$31.42
1W change
+5.25%
Beta
0.99
Analyst Price Targets
Based on analyst covering CAE · as of Oct 29, 2026
Wall Street analysts forecast CAE stock price to rise 17.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$44.40
+17.1% Upside
Previously C$44.33 on Oct 28, 2026
Current Price
C$37.91
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 CAE's historical volatility
30-Day Vol
26.5%
Annualized
90-Day Vol
30.5%
Annualized
Trend (90d)
+25.6%
Annualized drift
90d Mean
C$42.62
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$40.10 | C$36.59 – C$43.95 |
| 60 trading days | C$41.34 | C$36.32 – C$47.06 |
| 90 trading days | C$42.62 | C$36.37 – C$49.95 |
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: 10 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 | 2026-11-11 | — | 0.2600 | — |
| 2026-06-30 | 2026-08-12 | 0.2600 | 0.2300 | +13.0% |
| 2026-03-31 | 2026-05-21 | 0.4200 | 0.4200 | +0.0% |
| 2025-12-31 | 2026-02-12 | 0.3400 | 0.3000 | +13.3% |
| 2025-09-30 | 2025-11-11 | 0.2300 | 0.2000 | +15.0% |
| 2025-06-30 | 2025-08-12 | 0.2100 | 0.2000 | +5.0% |
Investor takeaway: The outlook has positives, but it’s not one-sided. CAE has recently beaten EPS estimates, and analysts expect earnings to grow much faster than revenue. Investors can watch how those figures compare and what management says about operating performance. The earnings-trends EPS estimate has stayed at C$0.27 over the past 30 days, despite one upward and two downward revisions. That points to some disagreement among analysts, rather than a broad change in expectations.
C$0.27 EPS consensus for the September quarter
The earnings-trends consensus is C$0.27 per share, with estimates from 10 analysts ranging from C$0.25 to C$0.30. That’s 17.1% above the year-ago EPS of C$0.23. A separate calendar estimate puts EPS at C$0.26. Since estimates vary by source, check which figure you’re using when comparing it with CAE’s results.
Bull case
CAE has beaten consensus EPS in three of its last four reported quarters. In the latest quarter, ended June 30, it reported EPS of C$0.26, above the C$0.23 estimate—a 13.0% surprise. Analysts expect EPS to grow 17.1% year over year in the September quarter. If CAE delivers that growth while revenue edges up, investors may see it as a sign that earnings momentum is holding.
Bear case
Revenue growth is expected to be modest. Analysts forecast about C$1.25 billion, just 0.8% above the year-ago period, so the expected EPS increase deserves a closer look. Revisions have been mixed: one analyst raised an estimate and two lowered theirs over the past 30 days, while the EPS consensus stayed at C$0.27. CAE’s valuation also leaves room for disappointment. The supplied snapshot puts its P/E at about 44.7. A miss, weaker revenue, or cautious comments from management could weigh on investor sentiment.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile →✅ Reviewed by Certified Financial Professionals
This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFA® charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFP® professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
⚠️ 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.
