Scotiabank Has Bullish Estimate for TSE:CEU FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for CES Energy Solutions to $1.07 (from $1.06) and projects FY2027 EPS of $1.14, well above the consensus FY2026 estimate of $0.86, indicating a bullish outlook.
• Multiple analysts have lifted price targets and ratings; CES holds a consensus rating of “Moderate Buy” with an average target of C$17.75, while the stock trades near C$19.24 (one‑year high C$19.58), suggesting shares are trading at or above analyst targets.
• There has been notable insider selling: insiders sold 401,000 shares (~C$7.38M) in the last quarter (including a 205,000‑share sale by Kenneth Zinger), and insiders now own 3.03% of the company.

CES Energy Solutions Corp. (TSE:CEU - Free Report) - Equities researchers at Scotiabank increased their FY2026 earnings estimates for CES Energy Solutions in a research note issued to investors on Friday, May 1st. Scotiabank analyst J. Goldman now expects that the company will earn $1.07 per share for the year, up from their previous estimate of $1.06. The consensus estimate for CES Energy Solutions' current full-year earnings is $0.86 per share. Scotiabank also issued estimates for CES Energy Solutions' FY2027 earnings at $1.14 EPS.

CES Energy Solutions (TSE:CEU - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.53 EPS for the quarter. CES Energy Solutions had a net margin of 8.21% and a return on equity of 25.37%. The business had revenue of C$664.51 million for the quarter.

A number of other research analysts have also recently commented on CEU. ATB Cormark Capital Markets increased their price target on shares of CES Energy Solutions from C$14.50 to C$16.50 and gave the company an "outperform" rating in a research report on Monday, January 26th. Raymond James Financial increased their price target on shares of CES Energy Solutions from C$15.00 to C$21.00 in a research report on Thursday, March 12th. BMO Capital Markets cut shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 11th. TD Securities cut shares of CES Energy Solutions from a "buy" rating to a "hold" rating and increased their price target for the company from C$12.00 to C$16.00 in a research report on Monday, January 26th. Finally, Royal Bank Of Canada increased their price target on shares of CES Energy Solutions from C$20.00 to C$22.00 and gave the company an "outperform" rating in a research report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, CES Energy Solutions presently has a consensus rating of "Moderate Buy" and an average target price of C$17.75.

CES Energy Solutions Stock Down 0.5%

Shares of TSE CEU opened at C$19.24 on Monday. CES Energy Solutions has a one year low of C$5.75 and a one year high of C$19.58. The company has a debt-to-equity ratio of 60.08, a current ratio of 2.86 and a quick ratio of 1.78. The firm's 50 day simple moving average is C$17.87 and its two-hundred day simple moving average is C$14.25. The stock has a market capitalization of C$4.04 billion, a P/E ratio of 20.91, a PEG ratio of 0.61 and a beta of 0.70.

Insider Activity

In other news, insider Kenneth Earl Zinger sold 205,000 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$18.41, for a total value of C$3,774,050.00. Insiders have sold a total of 401,000 shares of company stock valued at $7,379,734 in the last quarter. 3.03% of the stock is currently owned by company insiders.

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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