Q4 Earnings Forecast for goeasy Issued By Cormark (TSE:GSY)

goeasy Ltd. (TSE:GSY - Free Report) - Research analysts at Cormark decreased their Q4 2024 earnings estimates for shares of goeasy in a research note issued on Monday, November 11th. Cormark analyst J. Fenwick now forecasts that the company will post earnings per share of $4.31 for the quarter, down from their prior forecast of $4.46. The consensus estimate for goeasy's current full-year earnings is $20.32 per share. Cormark also issued estimates for goeasy's Q1 2025 earnings at $4.55 EPS, Q2 2025 earnings at $4.57 EPS, FY2025 earnings at $20.38 EPS, Q1 2026 earnings at $5.54 EPS, Q2 2026 earnings at $5.66 EPS, Q3 2026 earnings at $6.01 EPS and FY2026 earnings at $22.97 EPS.

Other research analysts have also recently issued reports about the stock. Scotiabank increased their target price on shares of goeasy from C$215.00 to C$222.00 in a report on Friday, August 9th. Desjardins dropped 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, October 23rd. BMO Capital Markets increased their target price on shares of goeasy from C$202.00 to C$207.00 in a report on Monday. Finally, National Bankshares increased their target price on shares of goeasy from C$235.00 to C$240.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$219.89.

goeasy Price Performance

Shares of GSY traded down C$1.83 during mid-day trading on Tuesday, reaching C$176.11. The stock had a trading volume of 31,318 shares, compared to its average volume of 49,607. The firm has a market cap of C$2.96 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.84 and a beta of 1.87. goeasy has a 12 month low of C$121.33 and a 12 month high of C$206.02. The business has a fifty day moving average of C$180.20 and a 200 day moving average of C$184.02. The company has a debt-to-equity ratio of 289.31, a quick ratio of 28.46 and a current ratio of 15.97.

Insider Activity at goeasy

In other goeasy news, Senior Officer Jason Mullins sold 4,500 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, December 27th. goeasy's dividend payout ratio is 30.45%.

About goeasy

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.