Scotiabank Comments on goeasy's FY2026 Earnings (TSE:GSY)

Key Points

• Scotiabank raised its FY2026 EPS estimate for goeasy to a loss of C$0.68 per share from a previously forecast loss of C$1.50, while maintaining a “Sector Perform” rating and C$39 price target. The bank forecasts FY2027 EPS of C$5.32.
• goeasy reported quarterly EPS of C$1.02 on revenue of C$390.04 million, but posted a negative 37.13% return on equity and a negative 20.21% net margin.
• Analyst sentiment remains cautious, with goeasy carrying an average “Reduce” rating and a consensus target price of C$42.89. Shares opened at C$42.88, while an insider recently sold 979 shares at an average price of C$45.22.

goeasy Ltd. (TSE:GSY - Free Report) - Investment analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of goeasy in a report released on Wednesday, August 19th. Scotiabank analyst P. Hardie now forecasts that the company will earn ($0.68) per share for the year, up from their previous forecast of ($1.50). Scotiabank has a "Sector Perform" rating and a $39.00 price objective on the stock. 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 $5.32 EPS.

goeasy (TSE:GSY - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. The company had revenue of C$390.04 million for the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%.

Other equities analysts have also issued reports about the stock. ATB Cormark Capital Markets lowered shares of goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price objective on the stock. in a research report on Wednesday, July 29th. Royal Bank Of Canada upped their price objective on shares of goeasy from C$30.00 to C$35.00 in a research report on Monday, August 10th. Jefferies Financial Group upped their price objective on shares of goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. Desjardins raised their target price on shares of goeasy from C$38.00 to C$56.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, BMO Capital Markets lowered their target price on shares of goeasy from C$45.00 to C$36.00 in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, goeasy currently has an average rating of "Reduce" and a consensus target price of C$42.89.

goeasy Price Performance

goeasy stock opened at C$42.88 on Monday. goeasy has a 12 month low of C$27.60 and a 12 month high of C$216.50. The company has a debt-to-equity ratio of 558.73, a current ratio of 22.81 and a quick ratio of 28.46. The business has a 50 day simple moving average of C$45.55 and a 200-day simple moving average of C$53.48. The stock has a market capitalization of C$687.54 million, a PE ratio of -2.05, a price-to-earnings-growth ratio of 0.84 and a beta of 1.39.

Insider Activity at goeasy

In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total value of C$44,270.38. Following the completion of the sale, the insider directly owned 505 shares of the company's stock, valued at C$22,836.10. This trade represents a 65.97% decrease in their position. Over the last ninety days, insiders sold 4,340 shares of company stock valued at $196,239. 22.05% of the stock is owned by company insiders.

About goeasy

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members' dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.

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