Definity has beaten EPS estimates in each of its last four reported quarters. Its next report may be tougher: one available consensus expects earnings to fall year over year, even as revenue grows.
Definity Financial (DFY.TO) is set to report third-quarter 2026 results after the market closes on November 5. The results cover the period ended September 30. The company will discuss them on a webcast and conference call on November 6 at 11 a.m. ET.
Recent earnings trend
Definity Financial Corp
DFY.TO
DFY.TO
Definity Financial Corp
WealthAwesomeMarket cap
$8.88B
P/E
19.4x
Div. yield
1.10%
Div. / share
$0.81
52W high
$82.34
52W low
$61.50
1W change
+3.42%
Beta
0.14
Analyst Price Targets
Based on analyst covering DFY · as of Nov 4, 2026
Wall Street analysts forecast DFY stock price to rise 13.5% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$83.64
+13.5% Upside
Previously C$84.09 on Oct 30, 2026
Current Price
C$73.71
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 DFY's historical volatility
30-Day Vol
20.9%
Annualized
90-Day Vol
20.4%
Annualized
Trend (90d)
-33.1%
Annualized drift
90d Mean
C$65.49
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$70.86 | C$65.94 – C$76.15 |
| 60 trading days | C$68.12 | C$61.53 – C$75.42 |
| 90 trading days | C$65.49 | C$57.81 – C$74.18 |
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 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | — | 0.3400 | — |
| 2026-06-30 | 2026-07-30 | 0.9700 | 0.9300 | +4.3% |
| 2026-03-31 | 2026-05-07 | 0.9700 | 0.8700 | +11.5% |
| 2025-12-31 | 2026-02-11 | 0.9900 | 0.9400 | +5.3% |
| 2025-09-30 | 2025-11-06 | 1.0300 | 0.7900 | +30.4% |
| 2025-06-30 | 2025-07-31 | 0.8400 | 0.7700 | +9.1% |
The available EPS estimates don’t match. One earnings calendar lists C$0.34 per share, while an earnings-trends feed shows C$0.57, based on one analyst. Check which estimate your data source uses. The trends feed also forecasts revenue of C$1.64 billion, up 33.8% from a year earlier, and EPS down 44.7% from C$1.03. For Canadian investors, the key question is whether revenue growth can support underwriting results and earnings.
Investor takeaway: The question isn’t just whether Definity can extend its four-quarter run of EPS beats. The estimates differ: the calendar lists C$0.34 per share, while the trends feed shows C$0.57 from one analyst. That estimate has fallen from C$0.85 over the past 30 days, even though the feed recorded seven upward revisions and no downward revisions. Check which consensus measure you follow, then focus on the reported factors behind earnings and revenue.
Four straight EPS beats
Definity beat estimates in each of its last four reported quarters: C$0.97 versus C$0.93 in June 2026, C$0.97 versus C$0.87 in March, C$0.99 versus C$0.94 in December 2025, and C$1.03 versus C$0.79 in September 2025. That record is encouraging, but it doesn’t resolve the conflicting EPS estimates for the coming quarter or the expected year-over-year decline.
Bull case
Definity has beaten estimates in each of its last four comparable quarters, with surprises ranging from 4.30% to 30.38%. The trends feed also forecasts revenue growth of 33.8%. Definity says its pro forma gross written premiums were about C$6.4 billion for the 12 months ended June 30, 2026, following its acquisition of Travelers’ Canadian property and casualty operations. If the larger business can grow premiums without weakening underwriting performance, the results could show that earnings are holding up better than the year-over-year comparison suggests.
Bear case
The trends feed expects EPS of C$0.57, down 44.7% from C$1.03 a year earlier. That estimate has also fallen from C$0.85 over the past 30 days. Revenue growth alone won’t answer the key question: investors will want to see whether claims costs, pricing and other underwriting factors allow growth to lift earnings. The feed’s EPS consensus is based on just one analyst, so it offers a limited view of expectations.
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