- Goeasy reported second-quarter revenue of C$418.3 million, outperforming estimates by achieving an 11% year-over-year increase.
- The adjusted earnings per share for the quarter were C$4.11, slightly above the estimate of C$3.96 and almost level with the previous year’s figure of C$4.10.
- The company attributes its success to strong customer demand for its advice, products, and services across the country.
- Goeasy served nearly 450,000 active customers during the quarter.
- This resulted in record loan receivables growth of $313 million.
- The quarter ended with record consumer loans receivables of $5.10 billion.
- Analyst ratings for Goeasy consist of 8 buy recommendations, 1 hold, and no sell ratings.
A look at Goeasy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores analysis, Goeasy shows a promising long-term outlook. The company scores strong on Growth and Momentum, indicating positive potential for expansion and market performance. With a solid Resilience score, Goeasy demonstrates a robust ability to weather economic fluctuations and challenges. Additionally, the company balances its financial standing with a moderate Value score and maintains stability with a consistent Dividend score.
Goeasy Ltd., a provider of goods and financial services, stands out with its balanced performance across key factors. The company’s focus on growth and momentum underscore its potential for future success, supported by its ability to navigate through uncertainties with resilience. This positions Goeasy as a compelling investment option with a solid foundation and growth prospects in the consumer loans and household products market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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