TerraVest stock: Scotiabank lifts earnings view to CAD 4.72 for 2026

Published on 10/24/2026 at 05:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached CAD 460.90 million, up 14.00 percent year over year. The CAD 153.60 average target is for TerraVest stock.

Analyst view and corporate action

Scotiabank lifted its fiscal 2026 earnings estimate to CAD 4.72 on October 22, 2026.
Third-quarter revenue reached CAD 460.90 million, up 14.00 percent year over year.
The automatic plan began on October 19, 2026 and covers up to 1,545,961 shares.
TerraVest stock carries a CAD 153.60 average analyst target.

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TerraVest Industries stock is the subject of a revised Scotiabank earnings view, with the broker lifting its fiscal 2026 estimate from CAD 4.61 to CAD 4.72 in a note dated October 22, 2026, according to MarketBeat. Scotiabank kept its Sector Perform rating and a CAD 130.00 target.

Why the estimate moved

The latest reported quarter gives the revision a stronger operating base. TerraVest recorded CAD 460.90 million of revenue in the third quarter of fiscal 2026, an increase of 14.00 percent from the prior-year quarter, while net income reached CAD 30.88 million and adjusted? earnings per share were CAD 1.43, according to Simply Wall St.

The comparison with the second quarter is also material: revenue rose from CAD 443.71 million to CAD 461.09 million, while net income increased from CAD 10.07 million to CAD 30.88 million. The companys operating cash flow was CAD 30.97 million in the third quarter of fiscal 2026.

What does the buyback change?

TerraVest announced an automatic share purchase plan on October 15, 2026, allowing purchases of up to 1,545,961 common shares on the Toronto Stock Exchange. The plan began on October 19, 2026 and can run until August 23, 2027, according to TerraVest Industries.

Three dated signals for investors

The recent sequence starts with third-quarter results released on August 13, 2026, when quarterly earnings per share were CAD 1.40 in the MarketBeat report. On October 15, 2026, Scotiabank raised its target from CAD 129.00 to CAD 130.00 while maintaining Sector Perform, as MarketBeat reported. The October 22, 2026 earnings-estimate increase is the latest step.

Dates investors can track

The automatic plan started on October 19, 2026 and is scheduled to end on or before August 23, 2027. Scotiabank set its fiscal 2026 estimate at CAD 4.72, compared with a CAD 4.45 full-year consensus estimate cited by MarketBeat. The companys next reporting date is not stated here as a scheduled event.

Valuation remains the counterweight

TerraVest had a market capitalization of CAD 2.4 billion and a 52-week range of CAD 95.00 to CAD 175.20 in the October 23, 2026 market context. The CAD 153.60 average analyst target is materially above Scotiabanks CAD 130.00 target, showing a wide spread in expectations rather than a single market view.

Listing and business context

TerraVest is listed on the Toronto Stock Exchange under ticker TVK and operates in the Energy sector, manufacturing heating products, storage vessels, transport equipment and processing systems. Its third-quarter figures show that revenue growth and earnings conversion remain central to the investment case.

What comes next

The next concrete corporate date is the August 23, 2027 end date for the automatic purchase plan. Until then, the combination of a higher fiscal 2026 estimate, a share-buyback framework and the gap between CAD 130.00 and CAD 153.60 targets defines the companys current market narrative.