goeasy Ltd reports results for the quarter ended in June - Earnings Summary

goeasy

09/08/2024 24:24

* goeasy Ltd  GSY.TO  reported quarterly adjusted earnings
of
C$4.10​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
C$3.28.  The mean expectation of eight analysts for the quarter
was for earnings of C$4.03 per share. Wall Street expected
results to range from $3.90  to C$4.09 per share.
    * Revenue rose 24.7% to C$377.80 million from a year ago;
analysts
expected C$373.03 million. 
    * goeasy Ltd's reported EPS for the quarter was C$3.76​.
    * The company reported quarterly net income of $65.4
million.
    * goeasy Ltd shares had fallen by 5.4% this quarter and
gained 18.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "buy"

Wall Street's median 12-month price target for goeasy Ltd is
C$225.00 
This summary was machine generated from LSEG data August 8 at
11:24 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      4.03           4.10           Beat
 Mar. 31 2024      3.80           3.83           Beat
 Dec. 31 2023      3.92           4.01           Beat
 Sep. 30 2023      3.48           3.81           Beat