What is Northland Securities’ Forecast for CECO Q1 Earnings?

CECO Environmental Corp. (NASDAQ:CECO) – Equities research analysts at Northland Securities issued their Q1 2026 EPS estimates for shares of CECO Environmental in a research report issued on Thursday, February 26th. Northland Securities analyst B. Brooks anticipates that the company will post earnings of $0.09 per share for the quarter. Northland Securities has a “Outperform” rating and a $73.00 price objective on the stock. The consensus estimate for CECO Environmental’s current full-year earnings is $0.67 per share. Northland Securities also issued estimates for CECO Environmental’s Q2 2026 earnings at $0.33 EPS, Q3 2026 earnings at $0.38 EPS, Q4 2026 earnings at $0.63 EPS, FY2026 earnings at $1.44 EPS, Q1 2027 earnings at $0.26 EPS, Q2 2027 earnings at $0.45 EPS, Q3 2027 earnings at $0.57 EPS, Q4 2027 earnings at $0.74 EPS and FY2027 earnings at $2.02 EPS.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The firm had revenue of $214.69 million for the quarter, compared to analysts’ expectations of $205.39 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 35.4% on a year-over-year basis.

A number of other research analysts also recently commented on CECO. Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. HC Wainwright raised their price objective on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Lake Street Capital reiterated a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a report on Wednesday. Needham & Company LLC increased their price target on CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, CECO Environmental has a consensus rating of “Moderate Buy” and a consensus price target of $78.20.

CECO Environmental Price Performance

Shares of CECO Environmental stock opened at $60.45 on Monday. The firm has a market cap of $2.15 billion, a PE ratio of 44.45 and a beta of 1.39. The stock has a 50 day moving average of $67.37 and a 200 day moving average of $56.63. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. CECO Environmental has a 12 month low of $17.57 and a 12 month high of $81.72.

Institutional Trading of CECO Environmental

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in CECO Environmental by 15.6% in the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after buying an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CECO Environmental by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after buying an additional 790 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in CECO Environmental by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock worth $2,124,000 after acquiring an additional 5,000 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of CECO Environmental during the first quarter worth approximately $1,047,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of CECO Environmental during the second quarter worth approximately $306,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental News Roundup

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: HC Wainwright raised FY2026 EPS and multiple quarterly estimates and reiterates a “Buy” rating with a $90 price target — this is constructive for expectations of higher future earnings and likely supported buying interest earlier. HC Wainwright Notes
• Positive Sentiment: Independent broker commentary from Needham and Roth MKM published bullish price-appreciation forecasts for CECO, which helped lift analyst-driven enthusiasm. Needham Forecast Roth MKM Forecast
• Positive Sentiment: An analyst upgrade generated heavy trading volume and short-term interest, indicating the market initially reacted positively to the revised forecasts. Volume After Upgrade
• Neutral Sentiment: Coverage pieces highlight CECO’s continued M&A strategy as a growth driver; M&A can boost long-term scale but also adds integration risk and near-term execution uncertainty. M&A Growth Note
• Neutral Sentiment: An investor alert and filing activity around Thermon Group (a separate company) has shown up in headlines; its direct impact on CECO depends on the specifics of any transaction linkage flagged in recent coverage. Thermon Investor Alert
• Negative Sentiment: CECO’s latest quarterly results (Feb. 24) showed an EPS miss — $0.08 vs. consensus ~$0.43 — despite a revenue beat; an earnings miss of that magnitude can trigger profit-taking and reset near-term expectations. Earnings Recap
• Negative Sentiment: A recent Seeking Alpha piece argues CECO’s momentum may be faltering in light of a “big Thermon deal,” which could be read by traders as a catalyst that reduces growth runway or creates near-term uncertainty — this likely pressured the stock. Thermon Deal Analysis

About CECO Environmental

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.