FY2026 EPS Estimates for Gear Energy Ltd. (TSE:GXE) Cut by Analyst

Gear Energy Ltd. (TSE:GXE) – Investment analysts at Atb Cap Markets reduced their FY2026 earnings per share (EPS) estimates for shares of Gear Energy in a report released on Monday, April 22nd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings of ($0.02) per share for the year, down from their prior forecast of ($0.01). The consensus estimate for Gear Energy’s current full-year earnings is $0.12 per share. Atb Cap Markets also issued estimates for Gear Energy’s FY2027 earnings at ($0.03) EPS and FY2028 earnings at ($0.04) EPS.

Separately, ATB Capital cut their price target on Gear Energy from C$1.25 to C$1.00 and set an “outperform” rating on the stock in a report on Thursday, January 18th.

Gear Energy Trading Down 1.5 %

Shares of TSE:GXE opened at C$0.66 on Wednesday. Gear Energy has a 12-month low of C$0.60 and a 12-month high of C$1.11. The business’s fifty day simple moving average is C$0.66 and its 200-day simple moving average is C$0.69. The company has a market capitalization of C$173.09 million, a PE ratio of 22.00 and a beta of 3.73. The company has a current ratio of 1.04, a quick ratio of 0.56 and a debt-to-equity ratio of 8.94.

Gear Energy (TSE:GXE) last issued its earnings results on Wednesday, February 21st. The company reported C($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.05). Gear Energy had a net margin of 6.61% and a return on equity of 3.52%. The firm had revenue of C$37.52 million for the quarter.

Gear Energy Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 9.09%. Gear Energy’s dividend payout ratio is presently 200.00%.

About Gear Energy

Gear Energy Ltd., an exploration and production company, engages in the acquiring, developing, and holding of interests in petroleum and natural gas properties and assets in Canada. The company's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan.