What is Scotiabank’s Forecast for TSE:CEU FY2026 Earnings?

CES Energy Solutions Corp. (TSE:CEU) – Investment analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for CES Energy Solutions in a research report issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $1.05 for the year, up from their prior forecast of $1.03. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

A number of other equities research analysts also recently commented on CEU. National Bank Financial lifted their price target on shares of CES Energy Solutions from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday. ATB Cormark Capital Markets downgraded shares of CES Energy Solutions from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$21.00 to C$23.50 in a research note on Monday. TD upped their price objective on shares of CES Energy Solutions from C$18.00 to C$19.00 and gave the company a “hold” rating in a research note on Tuesday, October 20th. Raymond James Financial raised 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 lifted 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 note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, CES Energy Solutions presently has a consensus rating of “Moderate Buy” and an average target price of C$21.06.

CES Energy Solutions Price Performance

CES Energy Solutions stock opened at C$20.53 on Monday. CES Energy Solutions has a 12-month low of C$9.17 and a 12-month high of C$20.83. The stock has a market capitalization of C$4.31 billion, a P/E ratio of 22.32, a P/E/G ratio of 0.61 and a beta of 0.94. The firm’s 50-day moving average is C$19.01 and its two-hundred day moving average is C$17.39. The company has a debt-to-equity ratio of 55.36, a current ratio of 2.70 and a quick ratio of 1.78.

CES Energy Solutions (TSE:CEU) 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 net margin of 7.36% and a return on equity of 23.68%.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, Director John Michael Hooks sold 78,700 shares of the business’s 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 completion of the sale, the director owned 787,351 shares of the company’s stock, valued at approximately C$15,038,404.10. The trade was a 9.09% decrease in their ownership of the stock. Insiders own 3.03% of the company’s stock.

About CES Energy Solutions

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.