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

goeasy Ltd. (TSE:GSY) – Investment analysts at Cormark reduced their Q3 2024 earnings estimates for goeasy in a note issued to investors on Wednesday, October 23rd. Cormark analyst J. Fenwick now forecasts that the company will post earnings of $4.13 per share for the quarter, down from their prior forecast 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.

Several other analysts have also recently weighed in on the company. National Bankshares boosted their price objective on goeasy from C$210.00 to C$235.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets downgraded shares of goeasy from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$218.00 to C$202.00 in a report on Tuesday, October 22nd. Scotiabank increased their price objective on goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Finally, Desjardins decreased 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$218.78.

goeasy Stock Performance

GSY stock opened at C$174.30 on Friday. 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. goeasy has a fifty-two week low of C$108.14 and a fifty-two week 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 company has a 50 day moving average price of C$182.31 and a 200 day moving average price of C$183.59.

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

goeasy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were issued a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend was Friday, September 27th. goeasy’s dividend payout ratio is currently 30.45%.

Insider Buying and Selling at goeasy

In other news, Senior Officer Jason Mullins sold 4,500 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$188.00, for a total transaction of C$846,000.00. Insiders own 22.05% of the company’s stock.

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.