AECON GROUP INC (ARE.CA) Forecast, Price Target & Analyst Ratings
TSX:ARE • CA00762V1094
39.91 CAD
-1.54 (-3.72%)
Last: Mar 12, 2026, 07:00 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for AECON GROUP INC (ARE.CA).
Forecast Snapshot
Consensus Price Target
CA$36.33
-8.98% Downside
Next Earnings Forecast
Release DateApr 21, 2026
PeriodQ4 / 2025
EPS EstimateCA$0.33
Revenue Estimate1.413B
ChartMill Buy Consensus
69.33%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
CA$36.33
Upside
-8.98%
From current price of CA$39.91 to mean target of CA$36.33, Based on 15 analyst forecasts
Low
CA$30.30
Median
CA$35.70
High
CA$42.00
Price Target Revisions
1 Month
4.47%
3 Months
6.45%
Price Target Summary
15 Wall Street analysts provided a forecast for the next 12 months for ARE.CA. The average price target is 36.33 CAD. This implies a price decrease of -8.98% is expected in the next year compared to the current price of 39.91.
The average price target has been revised upward by 6.45% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
69.33%
ARE.CA was analyzed by 15 analysts. The buy percentage consensus is at 69. So analysts seem to be have mildly positive about ARE.CA.
In the previous month the buy percentage consensus was at a similar level.
ARE.CA was analyzed by 15 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2026-01-26 | PARADIGM CAPITAL | Downgrade | Buy -> Hold |
| 2025-12-14 | National Bank Financial | Maintains | Outperform -> Outperform |
| 2025-12-12 | Desjardins Securities | Downgrade | Buy -> Hold |
| 2023-08-28 | Desjardins Securities | Maintains | Buy -> Buy |
| 2022-10-28 | RBC Royalbank | Downgrade | Sector Perform |
| 2022-10-28 | BMO Financial | Downgrade | |
| 2022-10-28 | TD Research | Downgrade | Hold |
| 2022-10-27 | RBC Royalbank | Downgrade | Sector Perform |
| 2022-10-14 | CIBC Capital Markets | Downgrade | |
| 2022-10-13 | CIBC Capital Markets | Downgrade | |
| 2022-08-02 | Raymond James Capital | Downgrade | Outperform |
| 2022-08-02 | Stifel Nicolaus Research | Downgrade | |
| 2022-08-02 | RBC Royalbank | Downgrade | Sector Perform |
| 2022-08-02 | National Bank of Canada Financial | Downgrade | Sector Perform |
| 2022-08-02 | TD Research | Downgrade | Hold |
| 2022-08-02 | CIBC Capital Markets | Downgrade | Neutral |
| 2022-08-02 | ATB Capital | Downgrade | |
| 2022-07-21 | RBC Royalbank | Downgrade | Sector Perform |
| 2022-07-13 | CIBC Capital Markets | Downgrade | Neutral |
| 2022-07-11 | Stifel Nicolaus Research | Downgrade | Buy |
| 2022-04-29 | Raymond James Capital | Initiate | Outperform |
| 2022-03-03 | Raymond James Capital | Downgrade | Outperform |
| 2022-03-03 | Canaccord Capital | Downgrade | Hold |
| 2022-03-03 | TD Research | Downgrade | Buy |
| 2022-03-03 | CIBC Capital Markets | Downgrade | Outperform |
Next Earnings Forecast Details
Next Earnings Details
Release DateApr 21, 2026
PeriodQ4 / 2025
EPS EstimateCA$0.33
Revenue Estimate1.413B
Revenue Q2Q11.52%
EPS Q2Q55.51%
Number of Analysts10
Next Earnings Revisions
Revenue (1 Month)
-0.70%
Revenue (3 Months)
-0.70%
EPS (1 Month)
-3.77%
EPS (3 Months)
-0.51%
Next Earnings Summary
ARE.CA is expected to report earnings on 4/21/2026. The consensus EPS estimate for the next earnings is 0.33 CAD and the consensus revenue estimate is 1.41B CAD.
The next earnings revenue estimate has been revised downward by 0.7% in the past 3 months.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 4.696B 18.08% | 4.644B -1.12% | 4.243B -8.64% | 5.35B 26.10% | 5.632B 5.27% | 6.048B 7.39% | 8.879B 46.81% | 10.3B 16.00% | |
| EBITDA YoY % growth | 163.948M -12.42% | 77.787M -52.55% | -30.701M -139.47% | 218.03M 810.17% | 339.23M 55.59% | 376.61M 11.02% | N/A | N/A | |
| EBIT YoY % growth | 69.795M -29.38% | -1.3M -101.86% | -118.55M -9,019.23% | 61.711M 152.05% | 190.83M 209.23% | 231.76M 21.45% | 393.81M 69.92% | 459.97M 16.80% | |
| Operating Margin | 1.49% | -0.03% | -2.79% | 1.15% | 3.39% | 3.83% | 4.44% | 4.47% | |
| EPS YoY % growth | 0.32 -54.93% | 2.01 528.12% | -1.03 -151.24% | 0.23 122.72% | 1.61 590.10% | 2.00 23.85% | 3.52 76.21% | 4.34 23.23% |
All data in CAD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q4 / 25 | Q1 / 26 | Q2 / 26 | Q3 / 26 | Q4 / 26 | Q1 / 27 | Q2 / 27 | Q3 / 27 | Q4 / 27 | |
|---|---|---|---|---|---|---|---|---|---|
| EPS Q2Q % growth | 0.33 55.51% | -0.09 83.17% | 0.44 586.29% | 0.81 53.09% | 0.61 85.57% | 0.02 122.22% | 0.78 77.69% | 1.21 49.38% | 1.01 66.67% |
| Revenue Q2Q % growth | 1.413B 11.52% | 1.162B 9.45% | 1.404B 7.87% | 1.592B 4.04% | 1.508B 6.72% | 1.206B 3.79% | 1.544B 9.97% | 1.723B 8.23% | 1.718B 13.93% |
| EBITDA Q2Q % growth | 79.07M -29.23% | 35.68M 335.87% | 80.555M 85.58% | 120.53M -9.68% | 104.59M 32.28% | 41.107M 15.21% | 104.24M 29.40% | 142.22M 18.00% | 128.12M 22.50% |
| EBIT Q2Q % growth | 42.022M 76.02% | -11.704M 71.51% | 64.793M 876.62% | 103.13M 79.86% | 85.171M 102.68% | 9.54M 181.51% | 80.235M 23.83% | 119.95M 16.31% | 100.66M 18.19% |
All data in CAD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
57.96%
EPS Next 5 Year
44.11%
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
12.83%
Revenue Next 5 Year
19.59%
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
120.54%
EBIT Next 5 Year
N/A
AECON GROUP INC / ARE.CA Forecast FAQ
What is the price target for ARE stock?
15 analysts have analysed ARE.CA and the average price target is 36.33 CAD. This implies a price decrease of -8.98% is expected in the next year compared to the current price of 39.91.
When does AECON GROUP INC (ARE.CA) report earnings?
AECON GROUP INC (ARE.CA) will report earnings on 2026-04-21.
Can you provide the consensus estimates for AECON GROUP INC next earnings?
The consensus EPS estimate for the next earnings of AECON GROUP INC (ARE.CA) is 0.33 CAD and the consensus revenue estimate is 1.41B CAD.
What is the expected long term growth rate for ARE stock?
The expected long term growth rate for AECON GROUP INC (ARE.CA) is 12.83%.