Goeasy Q3 adjusted EPS misses estimates

goeasy

05/11/2025 21:33

Overview

Goeasy Q3 revenue grows 15% yr/yr, driven by strong lending performance

Adjusted EPS for Q3 misses analyst expectations, down 5% yr/yr

Net charge-off rate decreases to 8.9%, reflecting improved credit management

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

LOAN ORIGINATIONS - Increase in loan originations driven by robust volume of credit applications, up 22% yr/yr

CREDIT MANAGEMENT - Net charge-off rate decreased due to increase in secured loans and optimization of credit practices

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
C$440 mln
Q3 Adjusted EPS
Miss
C$4.12
C$4.65 (8 Analysts)
Q3 EPS
C$1.98
Q3 Operating Income
C$166 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer lending peer group is "buy"

Wall Street's median 12-month price target for goeasy Ltd is C$225.50, about 26.2% above its November 4 closing price of C$166.41

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nCNWMMJ2La

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)