Scotiabank Has Bullish Outlook for TSE:CEU FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS forecast for CES Energy Solutions to C$1.05 from C$1.03, well above the current consensus estimate of C$0.86.
• Analyst sentiment remains positive: six analysts rate the stock “Buy” and two rate it “Hold,” producing a “Moderate Buy” consensus and an average price target of C$19.83.
• CES Energy Solutions reported C$0.18 quarterly EPS on C$714.08 million in revenue, while its shares recently traded near C$20.04; a director subsequently sold 78,700 shares for approximately C$1.5 million.

CES Energy Solutions Corp. (TSE:CEU - Free Report) - Investment analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of CES Energy Solutions in a report released on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $1.05 per share for the year, up from their previous estimate of $1.03. The consensus estimate for CES Energy Solutions' current full-year earnings is $0.86 per share.

CES Energy Solutions (TSE:CEU - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$714.08 million during the quarter. CES Energy Solutions had a return on equity of 23.68% and a net margin of 7.36%.

A number of other research analysts have also commented on CEU. National Bank Financial upgraded CES Energy Solutions from a "hold" rating to an "outperform" rating and set a C$20.00 price target for the company in a report on Friday, August 7th. TD raised their price objective on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a "hold" rating in a research note on Tuesday, October 20th. Raymond James Financial boosted their target price on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Finally, Scotia boosted their target price on shares of CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$19.83.

CES Energy Solutions Stock Performance

Shares of TSE CEU opened at C$20.04 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.70 and a debt-to-equity ratio of 55.36. The business's 50 day moving average is C$18.98 and its two-hundred day moving average is C$17.95. The company has a market cap of C$4.20 billion, a P/E ratio of 21.78, a P/E/G ratio of 0.61 and a beta of 0.94. CES Energy Solutions has a 12 month low of C$9.17 and a 12 month high of C$20.83.

Insider Buying and Selling at CES Energy Solutions

In related news, Director John Michael Hooks sold 78,700 shares of CES Energy Solutions stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of C$19.10, for a total transaction of C$1,503,170.00. Following the sale, the director directly owned 787,351 shares of the company's stock, valued at C$15,038,404.10. This trade represents a 9.09% decrease in their ownership of the stock. Insiders own 3.03% of the company's stock.

CES Energy Solutions Company Profile

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES' business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.

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