FY2026 EPS Estimates for Gear Energy Ltd. (TSE:GXE) Decreased by Atb Cap Markets

Gear Energy Ltd. (TSE:GXE) – Equities research analysts at Atb Cap Markets cut their FY2026 EPS estimates for Gear Energy in a research report issued to clients and investors 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 estimate 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 objective on shares of Gear Energy from C$1.25 to C$1.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th.

Gear Energy Stock Performance

GXE opened at C$0.66 on Wednesday. Gear Energy has a twelve month low of C$0.60 and a twelve month high of C$1.09. The company has a 50-day simple moving average of C$0.66 and a 200 day simple moving average of C$0.69. The company has a quick ratio of 0.56, a current ratio of 1.04 and a debt-to-equity ratio of 8.94. The stock has a market capitalization of C$173.09 million, a price-to-earnings ratio of 22.00 and a beta of 3.73.

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

Gear Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.005 per share. The ex-dividend date is Friday, April 12th. This represents a $0.06 annualized dividend and a yield of 9.09%. Gear Energy’s dividend payout ratio is 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.