Cogeco has beaten EPS estimates in each of its past four reported quarters. But the next report presents a tougher mix: analysts expect EPS to rise and revenue to fall.
Cogeco Inc. (TSX: CGO) is set to report fourth-quarter fiscal 2026 results after markets close on October 28. The quarter ended August 31. The company will hold a conference call on October 29.
Recent earnings trend
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Cogeco Inc.
CGO.TO
CGO.TO
Cogeco Inc.
WealthAwesomeMarket cap
$442.17M
Div. yield
8.13%
Div. / share
$3.88
52W high
$74.59
52W low
$44.21
1W change
+1.30%
Beta
0.63
Analyst Price Targets
Based on analyst covering CGO · as of Oct 9, 2026
Wall Street analysts forecast CGO stock price to rise 51.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$70.50
+51.0% Upside
Previously C$74.00 on Sep 17, 2026
Current Price
C$46.69
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 CGO's historical volatility
30-Day Vol
30.9%
Annualized
90-Day Vol
24.5%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$39.05
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$43.99 | C$39.54 – C$48.94 |
| 60 trading days | C$41.45 | C$35.65 – C$48.20 |
| 90 trading days | C$39.05 | C$32.47 – C$46.98 |
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: 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 |
|---|---|---|---|---|
| 2026-08-31 | 2026-10-28 | — | -2.6200 | — |
| 2026-05-31 | 2026-07-15 | 3.1000 | 2.2700 | +36.6% |
| 2026-02-28 | 2026-04-09 | 2.1200 | 2.0700 | +2.4% |
| 2025-11-30 | 2026-01-13 | 3.0000 | 2.1600 | +38.9% |
| 2025-08-31 | 2025-10-29 | 2.1200 | 2.0800 | +1.9% |
| 2025-05-31 | 2025-07-15 | 2.4000 | 2.1800 | +10.1% |
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The available calendar shows EPS consensus of C$2.34 from one analyst, up 10.5% from C$2.12 a year earlier. Revenue is expected to reach C$692.97 million, down 5.3% year over year. Cogeco has beaten estimates in its last four comparable quarters, but the EPS estimate has fallen from C$2.51 over the past 30 days. For Canadian investors, the question is whether earnings can hold up as revenue declines and the U.S. telecom business faces competitive pressure.
Investor takeaway: This could be a mixed report, rather than a clear beat-or-miss story. Cogeco’s four-quarter run of EPS beats is worth noting, and the C$2.34 consensus is above last year’s result. But analysts expect lower revenue, and they have cut their EPS estimate over the past month. Investors may want to look beyond headline EPS to revenue, cash generation and management’s comments on competition in the U.S. telecom segment. The prior quarter’s reported loss included a large non-cash impairment, so reported earnings should be considered separately from underlying operating performance.
C$2.34 EPS consensus
The estimate is 10.5% above the year-ago EPS of C$2.12. But it comes from one analyst and has fallen from C$2.51 over the past month. Revenue consensus points in the opposite direction: C$692.97 million, a projected 5.3% decline from a year earlier.
Bull case
Cogeco has beaten EPS estimates in each of its past four reported quarters. In the latest quarter, ended May 31, it reported EPS of C$3.10 against expectations of C$2.27. The upcoming consensus of C$2.34 also points to 10.5% year-over-year growth.
In the prior quarter, Cogeco reported adjusted profit of C$29.9 million. Free cash flow, excluding network expansion projects, rose 19.6% from a year earlier despite lower revenue. If these measures remain steady, they could help investors assess the business beyond the impairment’s effect on reported earnings.
Bear case
The revenue outlook is weaker. One analyst expects C$692.97 million, 5.3% below the year-ago period. The EPS estimate has also dropped from C$2.51 to C$2.34 in 30 days, with one downward revision and none upward.
Cogeco has said competition in its U.S. telecom segment would lead to a roughly C$1.7-billion non-cash impairment, net of deferred taxes. The company said the charge would not affect cash flow or day-to-day operations. Still, the impairment points to pressure on the segment’s outlook.
The shares last closed at C$47.79, below both their 50-day and 200-day moving averages. Reported trailing-12-month EPS and profit margin were also negative, though those figures need to be viewed in light of the impairment.
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