Equities Analysts Issue Forecasts for goeasy Q3 Earnings

goeasy Ltd. (TSE:GSY) – Equities research analysts at Cormark decreased their Q3 2024 earnings estimates for shares of 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 prior 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 quarterly earnings results on Thursday, August 8th. The company reported C$4.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of C$377.80 million for the quarter, compared to the consensus estimate of C$372.40 million.

Other equities analysts have also recently issued reports about the company. Scotiabank boosted their price target on goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. National Bankshares boosted their target price on shares of goeasy from C$210.00 to C$235.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Desjardins reduced their target price on shares of goeasy from C$215.00 to C$210.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets downgraded shares of goeasy from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$218.00 to C$202.00 in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$218.78.

goeasy Price Performance

GSY stock opened at C$168.98 on Friday. The stock’s 50 day moving average price is C$182.52 and its 200 day moving average price is C$183.34. The firm has a market cap of C$2.84 billion, a P/E ratio of 10.99, a PEG ratio of 0.84 and a beta of 1.87. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97. goeasy has a 1 year low of C$106.86 and a 1 year high of C$206.02.

Insider Activity at goeasy

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

goeasy Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.77%. goeasy’s dividend payout ratio is presently 30.45%.

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.