Western Energy Services is expected to post a small profit for the September quarter, but the forecast is based on one analyst’s estimate.
Western Energy Services Corp. (TSX: WRG) is set to report results after markets close on October 20, 2026, for the quarter ended September 30. Analysts estimate earnings of C$0.02 per share and revenue of C$64 million. A year earlier, the company reported a loss of C$0.07 per share. The revenue estimate implies growth of 27.9%. With only one analyst contributing to the quarterly estimate, it offers a limited view of market expectations. Follow WRG.TO on the WRG stock page.
Recent earnings trend
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Western Energy Services Corp.
WRG.TO
WRG.TO
Western Energy Services Corp.
WealthAwesomeMarket cap
$130.00M
52W high
$3.93
52W low
$2.03
1W change
+12.94%
Beta
0.41
Analyst Price Targets
Based on analyst covering WRG · as of Sep 17, 2026
Wall Street analysts forecast WRG stock price to fall 8.9% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$3.50
-8.9% Upside
Current Price
C$3.84
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 WRG's historical volatility
30-Day Vol
51.0%
Annualized
90-Day Vol
49.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$4.59
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$4.08 | C$3.42 – C$4.86 |
| 60 trading days | C$4.33 | C$3.37 – C$5.55 |
| 90 trading days | C$4.59 | C$3.38 – C$6.23 |
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 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-20 | — | 0.0300 | — |
| 2026-06-30 | 2026-07-28 | -0.1200 | -0.1400 | +14.3% |
| 2026-03-31 | 2026-04-28 | 0.0500 | 0.0400 | +25.0% |
| 2025-12-31 | 2026-02-25 | 0.0700 | 0.0200 | +250.0% |
| 2025-09-30 | 2025-10-21 | -0.0700 | -0.0500 | -40.0% |
| 2025-06-30 | 2025-07-22 | -0.1400 | -0.0900 | -55.6% |
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Investor takeaway: The forecast points to a return to positive quarterly earnings, but it is not a strong consensus signal. Western beat earnings estimates in three of its last four reported quarters. In June, it reported a loss of C$0.12 per share versus an expected loss of C$0.14. In March, it earned C$0.05 per share versus an estimate of C$0.04. The September 2025 quarter was a miss, and trailing earnings remain at -C$0.66 per share, with a -12.8% profit margin. The key question is whether revenue growth leads to stronger earnings and lasting improvement in profitability. With just one analyst’s estimate, a single revision could change the C$0.02 forecast significantly.
C$0.02
That’s the estimated earnings per share for the September quarter, based on one analyst’s forecast. The company reported a loss of C$0.07 per share in the same quarter last year. Revenue is estimated at C$64 million.
Bull case
The earnings estimate has improved, rising from a loss of C$0.03 per share 30 days ago to a forecast profit of C$0.02. Revenue is estimated at C$64 million. The year-over-year comparison is also favourable: estimated earnings growth is 128.6%, measured against a loss in the year-ago quarter. Western has beaten earnings estimates in three of its last four reported quarters. Its Canadian service-rig utilization was 37% in Q1 2026, up from 36% in Q1 2025. That’s a modest operating measure to watch alongside the new results.
Bear case
A positive earnings estimate alone doesn’t prove that Western is turning around. The company remains loss-making on a trailing basis, and its latest reported quarter still showed a per-share loss, though it was smaller than expected. The September-quarter estimate comes from one analyst, so it may not reflect broader expectations. Financing is another factor: in April 2026, Western announced extensions to its second-lien loan and its revolving and operating facilities. Investors should review the full financial statements and management discussion, not just the headline earnings figure.
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