Melcor will report Q3 results after the market closes on November 3. One analyst expects EPS of C$0.20, down 44.4% from C$0.36 a year earlier.
Melcor Developments Ltd. (TSX: MRD) is scheduled to report results for the quarter ended September 30, 2026. The earnings-trends data shows a consensus EPS estimate of C$0.20 from one analyst. The estimate hasn’t changed in the past 30 days. Melcor beat estimates in one of its last four reported quarters.
Recent earnings trend
Melcor Developments Ltd.
MRD.TO
MRD.TO
Melcor Developments Ltd.
WealthAwesomeMarket cap
$558.92M
P/E
6.2x
Div. yield
2.98%
Div. / share
$0.56
52W high
$19.31
52W low
$13.46
1W change
-0.85%
Beta
0.97
Analyst Price Targets
Based on analyst covering MRD · as of Sep 17, 2026
Wall Street analysts forecast MRD stock price to fall 24.9% over the next 12 months.
Consensus
BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.00
-24.9% Upside
Current Price
C$18.65
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 MRD's historical volatility
30-Day Vol
14.3%
Annualized
90-Day Vol
17.1%
Annualized
Trend (90d)
+7.0%
Annualized drift
90d Mean
C$19.12
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$18.81 | C$17.90 – C$19.76 |
| 60 trading days | C$18.97 | C$17.68 – C$20.34 |
| 90 trading days | C$19.12 | C$17.56 – C$20.83 |
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 |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | 0.7319 | — | — |
| 2026-03-31 | 2026-05-07 | 0.7600 | — | — |
| 2025-12-31 | 2026-03-12 | 1.0515 | — | — |
| 2025-09-30 | 2025-11-06 | 0.4681 | — | — |
| 2025-06-30 | 2025-08-14 | 0.2404 | — | — |
| 2025-03-31 | 2025-05-13 | 0.1657 | — | — |
For Canadian investors, the main question is how the timing of land sales and property activity affected the quarter. Those transactions can make reported revenue uneven from one period to the next.
Investor takeaway: The C$0.20 EPS estimate comes from one analyst and is unchanged over the past month. Melcor’s recent earnings history is mixed, with one beat in the last four comparable quarters and both positive and sharply negative surprises in its broader record. The company has cited lower U.S. land sales and property dispositions as factors behind weaker revenue, so the type and timing of Q3 activity matter alongside EPS. Melcor’s latest reported quarterly dividend was C$0.15 per share. Check the upcoming release for an update rather than assuming the payout is unchanged.
C$0.20 EPS consensus
One analyst expects EPS of C$0.20 for the quarter ended September 30, 2026, compared with C$0.36 a year earlier. The estimate is unchanged over the past 30 days. Melcor beat estimates in one of its last four comparable quarters.
Bull case
Because only one analyst contributed to the estimate, actual results could differ from consensus. Melcor’s results can also benefit when land sales or property activity fall favourably within a reporting period. The supplied fundamentals snapshot shows a 24.75% profit margin and trailing EPS of C$3.02.
The TSX accepted Melcor’s share repurchase program in June. It allows the company to buy up to 1,499,317 shares through June 9, 2027, though authorization doesn’t mean the company will make those purchases.
Bear case
The C$0.20 EPS estimate points to a 44.4% year-over-year decline. Recent results also show pressure from lower U.S. land sales and property dispositions. According to the supplied company-release summary, Q1 2026 revenue was C$45.37 million and FFO was C$8.52 million, down 36.6% from a year earlier. First-half revenue was also lower year over year.
Only one analyst contributed to the Q3 EPS estimate, and there’s no revenue consensus. That leaves investors with a limited view of expectations.
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