Scotiabank Has Bearish Forecast for goeasy FY2026 Earnings

goeasy Ltd. (TSE:GSY) – Analysts at Scotiabank lowered their FY2026 earnings estimates for shares of goeasy in a report released on Friday, April 10th. Scotiabank analyst P. Hardie now forecasts that the company will post earnings per share of $4.64 for the year, down from their prior forecast of $6.36. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Scotiabank also issued estimates for goeasy’s FY2027 earnings at $11.95 EPS.

goeasy (TSE:GSY) last announced its quarterly earnings results on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The company had revenue of C$446.40 million during the quarter. goeasy had a negative net margin of 10.51% and a negative return on equity of 16.05%.

GSY has been the topic of a number of other research reports. ATB Cormark Capital Markets lowered shares of goeasy from a “moderate buy” rating to a “hold” rating and decreased their price target for the company from C$85.00 to C$42.00 in a report on Thursday, April 2nd. Royal Bank Of Canada decreased their price target on shares of goeasy from C$52.00 to C$33.00 in a report on Thursday, April 2nd. Jefferies Financial Group decreased their price target on shares of goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. Raymond James Financial decreased their price target on shares of goeasy from C$77.00 to C$50.00 in a report on Thursday, April 2nd. Finally, TD Securities reduced their target price on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$72.00.

goeasy Stock Up 6.4%

Shares of GSY opened at C$33.53 on Tuesday. The firm has a market cap of C$537.59 million, a PE ratio of -3.11, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The company’s fifty day moving average is C$75.34 and its two-hundred day moving average is C$117.13. goeasy has a fifty-two week low of C$30.67 and a fifty-two week high of C$216.50. The company has a quick ratio of 28.46, a current ratio of 23.15 and a debt-to-equity ratio of 543.86.

About goeasy

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.