Scotiabank Has Negative Forecast for goeasy FY2026 Earnings

Key Points

• Scotiabank sharply cut its FY2026 EPS estimate for goeasy to $4.64 (from $6.36) and projects FY2027 EPS of $11.95, per an April 10 research note.
• Several brokers have lowered ratings and price targets (BMO, ATB Cormark, RBC, National Bank Financial among them), leaving goeasy with a MarketBeat consensus rating of Hold and an average price target of C$72.00.
• goeasy reported a C($20.25) EPS last quarter, trades around C$31.52 with a C$505M market cap, and shows negative profitability and an extremely high debt-to-equity ratio, indicating ongoing financial stress.

goeasy Ltd. (TSE:GSY - Free Report) - Analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of goeasy in a research report issued on Friday, April 10th. Scotiabank analyst P. Hardie now forecasts that the company will earn $4.64 per share 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.

A number of other equities research analysts have also commented on GSY. National Bank Financial decreased their price target on goeasy from C$50.00 to C$38.00 in a research report on Thursday, April 2nd. BMO Capital Markets downgraded goeasy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. ATB Cormark Capital Markets downgraded goeasy from a "moderate buy" rating to a "hold" rating and reduced their price objective for the stock from C$85.00 to C$42.00 in a report on Thursday, April 2nd. Desjardins reduced their price objective on goeasy from C$64.00 to C$47.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada reduced their price objective on goeasy from C$52.00 to C$33.00 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 assigned a Sell rating to the company. Based on data from MarketBeat, goeasy presently has a consensus rating of "Hold" and an average price target of C$72.00.

goeasy Stock Up 0.5%

TSE GSY opened at C$31.52 on Tuesday. The firm has a market cap of C$505.36 million, a PE ratio of -2.92, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. goeasy has a one year low of C$30.67 and a one year high of C$216.50. The stock's 50 day simple moving average is C$77.20 and its 200 day simple moving average is C$118.12. The company has a debt-to-equity ratio of 543.86, a current ratio of 23.15 and a quick ratio of 28.46.

goeasy (TSE:GSY - Get Free Report) last released its quarterly earnings results on Wednesday, April 1st. The company reported C($20.25) EPS for the quarter. The business had revenue of C$446.40 million for the quarter. goeasy had a negative return on equity of 16.05% and a negative net margin of 10.51%.

goeasy Company Profile

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.

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