Cardinal Energy’s next quarterly report faces a clear test: analysts expect EPS of C$0.08, but the company’s recent results have been mixed.
Cardinal Energy Ltd. (TSX: CJ) is set to report results for the quarter ended September 30, 2026, after markets close on November 5. The available consensus estimate is C$0.08 in EPS and C$134.10 million in revenue. One analyst contributed to each estimate. Compared with the same quarter last year, those figures point to declines of 11.1% in EPS and 11.2% in revenue.
Recent earnings trend
Cardinal Energy Ltd
CJ.TO
CJ.TO
Cardinal Energy Ltd
WealthAwesomeMarket cap
$2.15B
P/E
34.1x
Div. yield
5.86%
Div. / share
$0.72
52W high
$13.63
52W low
$7.47
1W change
-8.43%
Beta
1.00
Analyst Price Targets
Based on analyst covering CJ · as of Oct 29, 2026
Wall Street analysts forecast CJ stock price to rise 21.7% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.93
+21.7% Upside
Previously C$14.79 on Oct 22, 2026
Current Price
C$12.27
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 CJ's historical volatility
30-Day Vol
30.9%
Annualized
90-Day Vol
32.5%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$14.67
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$13.02 | C$11.71 – C$14.49 |
| 60 trading days | C$13.82 | C$11.89 – C$16.07 |
| 90 trading days | C$14.67 | C$12.20 – C$17.64 |
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 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | — | 0.3300 | — |
| 2026-06-30 | 2026-07-28 | 0.3900 | 0.3900 | +0.0% |
| 2026-03-31 | 2026-05-07 | 0.0600 | 0.1100 | -45.5% |
| 2025-12-31 | 2026-03-12 | -0.1862 | 0.0900 | -306.9% |
| 2025-09-30 | 2025-11-06 | 0.0900 | 0.0800 | +12.5% |
| 2025-06-30 | 2025-07-30 | 0.1000 | 0.0700 | +42.9% |
The EPS estimate has changed over the past month. It was C$0.00 30 days ago, and the revision data shows one downward revision and none upward. Cardinal operates oil and gas assets in Western Canada, so its results offer investors a fresh look at earnings and revenue in a business affected by energy-market conditions. For more company details, visit the Cardinal Energy stock page.
Investor takeaway: The C$0.08 EPS estimate is a benchmark, not a guarantee. Cardinal beat estimates in one of its last four reported quarters. It matched the C$0.39 estimate in June 2026, missed in March and December 2025, and beat the estimate in September 2025. Investors can compare the upcoming results with that mixed record, the lower year-over-year estimates and reported revenue. Cardinal’s stated dividend yield is 5.86%, but the yield alone doesn’t show whether the payout is sustainable. Quarterly results and cash generation matter too.
C$0.08 EPS consensus
One analyst expects EPS of C$0.08 for the September quarter. That’s up from the C$0.00 consensus 30 days ago, although the revision data records one downward revision and none upward. The current estimate is 11.1% below year-ago EPS of C$0.09. In its last four comparable quarters, Cardinal beat estimates once, missed twice and matched once.
Bull case
Cardinal matched the June-quarter EPS estimate of C$0.39, showing it can meet expectations after earlier misses. Its Western Canadian oil and gas business also gives investors exposure to energy-sector earnings. The EPS consensus has risen from C$0.00 to C$0.08 over the past 30 days, despite one downward revision. EPS above C$0.08 or revenue above C$134.10 million would be a positive surprise against the current estimates.
Bear case
Cardinal’s recent results have been uneven. It missed EPS estimates in March and December 2025, including a reported loss in December, and matched the estimate in June 2026. The current consensus also points to lower EPS and revenue than a year ago. With just one analyst behind each estimate, the consensus offers a limited view of expectations. An earnings miss, weaker revenue or signs of pressure on profitability would add to those concerns.
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