RE:Hopefully
Q2 results are due by the end of Jan, and I imagine that they will be pretty good. All of those projects that were announced in the fall of 2023 would have been in the prime-time of their revenue recognition during Q2. Another tailwind will be FX translation. The loonie fell about 5% against the USD during TEI's Q2. Since a good chunk of their revenue is earned in USD, but they report in CAD, this will provide a good boost to earnings.
Q3 and Q4 are more problematic. As it stands, they will likely disappoint. The end of Jan backlog might disappoint as well. Ideally they can announce some projects between now and earnings release to boost it up and set the stage for a good FY26.