Scotiabank Issues Pessimistic Estimate for goeasy Earnings

Key Points

• Scotiabank cut its FY2027 EPS forecast for goeasy to $23.88 from $25.33 (report dated Feb 11), though the current consensus full‑year estimate is lower at $20.32 per share.
• Several firms have reduced price targets and ratings on goeasy recently, yet the MarketBeat consensus remains a "Moderate Buy" with a target of C$186.56.
• goeasy trades at C$121.58 (PE 8.87) with a market cap of C$1.95B and pays a quarterly dividend of $1.46 (annualized $5.84) for a yield of about 4.8% and a payout ratio of ~40.5%.

goeasy Ltd. (TSE:GSY - Free Report) - Stock analysts at Scotiabank decreased their FY2027 earnings estimates for goeasy in a report released on Wednesday, February 11th. Scotiabank analyst P. Hardie now forecasts that the company will earn $23.88 per share for the year, down from their prior estimate of $25.33. The consensus estimate for goeasy's current full-year earnings is $20.32 per share.

Several other equities research analysts have also commented on the company. Royal Bank Of Canada cut their price objective on goeasy from C$194.00 to C$156.00 in a research note on Friday, November 7th. Raymond James Financial lowered goeasy from a "moderate buy" rating to a "hold" rating and lowered their price target for the stock from C$208.00 to C$153.00 in a research note on Wednesday, December 3rd. National Bank Financial reduced their price objective on goeasy from C$245.00 to C$210.00 and set an "outperform" rating for the company in a research note on Wednesday, February 4th. Jefferies Financial Group decreased their price objective on goeasy from C$225.00 to C$194.00 in a report on Monday, November 10th. Finally, ATB Cormark Capital Markets lowered their target price on shares of goeasy from C$200.00 to C$185.00 and set an "outperform" rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, goeasy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$186.56.

goeasy Stock Up 0.0%

GSY opened at C$121.58 on Monday. The company has a market cap of C$1.95 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.84 and a beta of 0.39. goeasy has a twelve month low of C$117.52 and a twelve month high of C$216.50. The company has a 50-day moving average price of C$129.30 and a 200 day moving average price of C$157.43. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63.

goeasy Dividend Announcement

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.