Scotiabank Issues Pessimistic Forecast for goeasy Earnings

goeasy Ltd. (TSE:GSY) – Equities research analysts at Scotiabank cut their FY2025 earnings estimates for goeasy in a note issued to investors on Wednesday, February 11th. Scotiabank analyst P. Hardie now anticipates that the company will post earnings per share of $16.28 for the year, down from their previous forecast of $16.62. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Scotiabank also issued estimates for goeasy’s FY2026 earnings at $20.19 EPS.

goeasy (TSE:GSY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$4.12 EPS for the quarter. goeasy had a net margin of 19.49% and a return on equity of 25.26%. The firm had revenue of C$440.22 million during the quarter.

Several other brokerages also recently weighed in on GSY. Royal Bank Of Canada reduced their price target on goeasy from C$194.00 to C$156.00 in a report on Friday, November 7th. National Bank Financial lowered their price target on goeasy from C$245.00 to C$210.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. ATB Cormark Capital Markets dropped their price objective on goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets decreased their target price on goeasy from C$232.00 to C$226.00 in a research report on Thursday, November 6th. Finally, Raymond James Financial downgraded goeasy from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from C$208.00 to C$153.00 in a research report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$186.56.

goeasy Stock Performance

TSE GSY opened at C$121.58 on Friday. goeasy has a fifty-two week low of C$117.52 and a fifty-two week high of C$216.50. The company has a market cap of C$1.95 billion, a P/E ratio of 8.87, a P/E/G ratio of 0.84 and a beta of 0.39. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The business’s 50 day moving average price is C$129.30 and its 200-day moving average price is C$157.84.

goeasy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, January 9th were given a $1.46 dividend. This represents a $5.84 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Wednesday, December 24th. goeasy’s payout ratio is presently 40.48%.

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.