Q3 Earnings Forecast for goeasy Issued By Cormark (TSE:GSY)

goeasy Ltd. (TSE:GSY) – Cormark reduced their Q3 2024 earnings per share (EPS) estimates for goeasy in a research note issued on Wednesday, October 23rd. Cormark analyst J. Fenwick now expects that the company will earn $4.13 per share for the quarter, down from their previous estimate of $4.18. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Cormark also issued estimates for goeasy’s Q2 2025 earnings at $4.70 EPS, Q3 2025 earnings at $5.30 EPS, Q1 2026 earnings at $5.61 EPS, Q2 2026 earnings at $5.71 EPS, Q3 2026 earnings at $5.72 EPS and FY2026 earnings at $23.17 EPS.

goeasy (TSE:GSY) last announced its earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$4.01 by C$0.09. goeasy had a net margin of 33.40% and a return on equity of 25.28%. The firm had revenue of C$377.80 million during the quarter, compared to analyst estimates of C$372.40 million.

A number of other research firms also recently weighed in on GSY. National Bankshares upped their target price on goeasy from C$210.00 to C$235.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Desjardins cut their price objective on goeasy from C$215.00 to C$210.00 and set a “buy” rating for the company in a report on Wednesday. Scotiabank lifted their target price on goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Finally, BMO Capital Markets cut shares of goeasy from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$218.00 to C$202.00 in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$218.78.

goeasy Trading Up 3.1 %

goeasy stock opened at C$174.30 on Friday. goeasy has a 12-month low of C$108.14 and a 12-month high of C$206.02. The company has a debt-to-equity ratio of 289.31, a current ratio of 15.97 and a quick ratio of 28.46. The stock has a market capitalization of C$2.93 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. The firm has a 50 day simple moving average of C$182.31 and a 200-day simple moving average of C$183.44.

goeasy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were given a $1.17 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.69%. goeasy’s dividend payout ratio (DPR) is 30.45%.

Insider Buying and Selling

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$188.00, for a total transaction of C$846,000.00. 22.05% of the stock is currently owned by company insiders.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.