Mogo (MOGO) Set to Announce Quarterly Earnings on Thursday

Mogo (NASDAQ:MOGO) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter.

Mogo (NASDAQ:MOGO) last posted its quarterly earnings data on Wednesday, March 20th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $12.60 million during the quarter, compared to analysts’ expectations of $11.24 million. Mogo had a negative return on equity of 14.98% and a negative net margin of 27.68%. On average, analysts expect Mogo to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mogo Stock Down 1.6 %

Mogo stock opened at $1.80 on Wednesday. The stock has a market capitalization of $44.12 million, a PE ratio of -3.27 and a beta of 2.76. Mogo has a 12 month low of $0.95 and a 12 month high of $2.96. The business has a 50 day simple moving average of $1.94 and a 200-day simple moving average of $1.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.71.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $8.00 price objective on shares of Mogo in a research report on Thursday, March 21st.

About Mogo

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.