Power Corp of Canada (TSE:POW)
TSX:POW
Want to see TSE:POW full AI Analyst Report?
Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.49Last Year’s EPS
1.38Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad‑based operating momentum: robust adjusted earnings and EPS growth, double‑digit contributions from Great‑West and IGM, substantial NAV appreciation, a larger cash balance, active buybacks and meaningful alternative platform expansions (Sagard, Northleaf, Power Sustainable). The principal negatives were concentrated in NAV‑style volatility (GBL), weaker near‑term contributions from some alternative platforms (Sagard, Power Sustainable), fundraising headwinds in parts of private credit, and structural/earnings complexities around nascent assets like Wealthsimple. Overall, the positives — consistent earnings growth, substantial NAV and cash increases, capital returns and strategic M&A — materially outweigh the lowlights, which are mostly manageable or episodic.Company Guidance
Strong Group Earnings and EPS Growth
Adjusted net earnings of $905 million, up 15% year‑over‑year; net EPS $1.43, up 17% YoY and the second‑highest quarterly EPS since the 2019 reorganization.
Great‑West Life Outperformance
Great‑West contribution to Power's adjusted net earnings up 21% YoY; eighth consecutive quarter of base earnings in excess of $1 billion; base ROE exceeded 19% for the first time; Empower (U.S.) delivered 23% earnings growth on a constant‑currency basis.
IGM Momentum, Flows and Asset Growth
IGM contribution to adjusted earnings up 21% YoY; record high ending AUM&A up 14% YoY; strong IG Wealth and Mackenzie net and gross flows; IGM‑related NAV increased ~51% YoY.
NAV Per Share and NAV Growth
Net asset value per share of $84.54 at March 31, 2026, representing NAV growth of ~23% YoY. Segment NAV growth: IGM +51% YoY, GBL +22% YoY, Great‑West +12% YoY; Wealthsimple NAV ~+90% YoY. Cash balance rose to $2.1 billion (+50% YoY), with ~$1.7 billion available after dividends.
Active Capital Return and Strong Balance Sheet
Returned $650 million in buybacks and dividends in Q1 (versus $500 million in Q1 2025, ~+30%); $11 billion returned to shareholders since the 2019 reorganization. Management emphasized buybacks as a high‑priority use of capital given an ~18% discount to NAV.
Alternative Platforms Growth and Key Transactions
Sagard expanded via acquisition of Unigestion, bringing Sagard AUM to ~USD 46 billion and private equity solution AUM to ~USD 22 billion; closed a USD 800 million U.S. infrastructure credit fund; Sagard private credit assets ~USD 6 billion and targeting a ~USD 2 billion institutional private credit fund (Fund III).
Operating Efficiency
Operating expenses at the corporate level were lower than last quarter and flat year‑over‑year, indicating cost discipline.
TSE:POW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:POW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | C$80.09 | C$79.18 | -1.14% |
Mar 18, 2026 | C$65.82 | C$63.19 | -4.00% |
Nov 12, 2025 | C$68.60 | C$69.21 | +0.89% |
Aug 07, 2025 | C$55.59 | C$55.95 | +0.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Power Corp of Canada (TSE:POW) report earnings?
Power Corp of Canada (TSE:POW) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
What is Power Corp of Canada (TSE:POW) earnings time?
Power Corp of Canada (TSE:POW) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:POW EPS forecast?
TSE:POW EPS forecast for the fiscal quarter 2026 (Q2) is 1.49.