WSP, CA92938W2022

Scotiabank cuts target for WSP Global stock from CAD 274.00 to CAD 264.00

Published on 10/18/2026 at 13:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached CAD 5.40 billion versus CAD 4.51 billion a year earlier. WSP Global stock faces Q3 results on November 4, 2026.

Results and reporting calendar

Scotiabank lowered its target from CAD 274.00 to CAD 264.00 on October 15, 2026.
Second-quarter revenue reached CAD 5.40 billion versus CAD 4.51 billion a year earlier.
WSP Global will release third-quarter results on November 4, 2026.

WSP, CA92938W2022, Illustration mit AI erstellt.

WSP Global (CA92938W2022) saw Scotiabank lower its target from CAD 274.00 to CAD 264.00 on October 15, 2026, according to Markets Insider. The change keeps an Outperform rating and puts the latest analyst action ahead of WSP's next results release.

October targets move lower

The Scotiabank move was not isolated. Markets Insider reported on October 15, 2026 that RBC Capital maintained a Buy rating and set a CAD 290.00 target. The contrast is clear: the two targets differ by CAD 26.00, while both houses retained positive ratings.

How did the second quarter perform?

WSP reported CAD 5.40 billion of revenue for the quarter ended June 30, 2026, up from CAD 4.51 billion a year earlier. Net profit moved in the opposite direction, at CAD 246.1 million versus CAD 279.4 million in the comparable quarter, according to Markets Insider.

Management's earnings-call figures added a profitability counterpoint. In the second quarter of 2026, adjusted EBITDA margin reached 19.1 percent, compared with 18.2 percent in the second quarter of 2025, while adjusted EBITDA rose to USD 815 million from USD 633 million, according to Benzinga. The margin expansion gives investors a second lens beyond the lower net profit figure.

When are the next results?

WSP's investor-relations calendar sets November 4, 2026 as the release date for third-quarter results after the market close and November 5, 2026 for the conference call. The company lists the call at 8:00 a.m. Eastern Time on its investor-relations page, which also identifies WSP as a Toronto Stock Exchange issuer.

What matters before November?

The next report will test whether the 19.1 percent adjusted EBITDA margin can hold while revenue growth and acquisition integration remain central to the story. WSP's second-quarter revenue comparison shows scale, but the CAD 33.3 million year-over-year decline in net profit leaves profitability quality as the more important question for the next update.

Reporting date ahead

WSP's third-quarter results are scheduled for November 4, 2026, followed by the conference call on November 5, 2026. WSP Global's market capitalization stood at USD 15.8 billion on October 16, 2026, while the company is classified in the industrials sector and provides engineering and consulting services.

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