Pizza Pizza Royalty Corp. reports results for the quarter ended September 30, 2026, after market close on November 2. One analyst expects earnings per share of C$0.23 and revenue of C$156.2 million. That EPS estimate is 2.5% below the year-ago figure of C$0.24, while revenue is expected to fall 1.6%. With only one analyst covering the company, these estimates offer a limited snapshot, not a broad consensus. Follow PZA.TO on our PZA stock page.
Investor takeaway: The November 2 report will show whether Pizza Pizza can stabilize sales and earnings after a weak second quarter. In its Q2 2026 results, the company reported a 5.0% drop in same-store sales, a 3.6% decline in royalty-pool sales and a 5.4% fall in adjusted EPS. It pointed to cautious consumer spending and promotional competition. The Q3 EPS estimate has stayed at C$0.23 over the past 30 days. PZA beat estimates in one of its last four quarters, missed once and matched twice. Its 61-quarter history offers context, but recent results don’t show a dependable pattern of beats.
Recent earnings trend
Pizza Pizza Royalty Corp.
PZA.TO
PZA.TO
Pizza Pizza Royalty Corp.
WealthAwesomeMarket cap
$357.99M
P/E
11.6x
Div. yield
8.58%
Div. / share
$0.91
52W high
$16.00
52W low
$10.04
1W change
-0.92%
Beta
0.63
Analyst Price Targets
Based on analyst covering PZA · as of Sep 17, 2026
Wall Street analysts forecast PZA stock price to rise 13.3% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$12.00
+13.3% Upside
Current Price
C$10.59
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 PZA's historical volatility
30-Day Vol
18.7%
Annualized
90-Day Vol
18.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$8.80
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$9.91 | C$9.29 – C$10.58 |
| 60 trading days | C$9.34 | C$8.53 – C$10.23 |
| 90 trading days | C$8.80 | C$7.87 – C$9.84 |
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 | 2026-11-02 | — | 0.2300 | — |
| 2026-06-30 | 2026-08-05 | 0.2300 | 0.2300 | +0.0% |
| 2026-03-31 | 2026-05-01 | 0.2200 | 0.2300 | -4.3% |
| 2025-12-31 | 2026-03-25 | 0.2450 | 0.2400 | +2.1% |
| 2025-09-30 | 2025-11-04 | 0.2400 | 0.2400 | +0.0% |
| 2025-06-30 | 2025-08-07 | 0.2400 | 0.2400 | +0.0% |
C$0.23
That’s the one-analyst EPS estimate for the quarter ended September 30, 2026. The company reports after market close on November 2. The estimate is 2.5% below year-ago EPS of C$0.24. In its last four reported quarters, PZA beat estimates once, matched twice and missed once.
Bull case
If PZA meets the C$0.23 estimate, investors will want to see whether sales improved from Q2. The company most recently declared a monthly dividend of C$0.0675 per share, which may draw attention from investors focused on income and cash generation. Its quoted dividend yield is 8.58%, but that doesn’t guarantee future payments or share-price gains. The average analyst price target is C$12.00, compared with the last close of C$10.59. That suggests 13.3% upside, but a price target is not a promise.
Bear case
Analysts expect both EPS and revenue to decline. Q2’s drops in same-store and royalty-pool sales also point to pressure on the business. Cautious consumer spending and promotional competition could continue to weigh on results. PZA’s last close of C$10.59 was below its 50-day moving average of C$11.12 and its 200-day average of C$13.68. The share price was also closer to its 52-week low of C$10.04 than its high of C$16.00. With only one analyst behind the estimate, it could change significantly.
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