goeasy Ltd (TSE:GSY)
TSX:GSY
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
3.53Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced: the company demonstrated meaningful strengths (near‑20% loan book growth, robust cash generation, a healthy direct-to-consumer business and immediate remedial actions including cost savings and lender amendments), but also faces significant near‑term headwinds centered on the LendCare merchant portfolio (large incremental charge-offs of ~$178M, a $160M goodwill impairment, elevated allowance increases, and control/reporting issues). Management has a clear corrective plan and liquidity flexibility, yet the material one-time losses and the need to rebuild credit discipline leave outlook risk elevated before improvements are realized.Company Guidance
Balance Sheet and Funding Stability Actions
Negotiated covenant amendments with secured lenders; management states facilities remain available and, under current assumptions, no new equity is required to comply with revised covenants.
Transparency and Accounting Corrections
Company disclosed a presentation change (aligning interest receivable write-offs with IFRS 9), restated prior periods to correct customer payment accounting and interest accrual on Stage 3 loans, and acknowledged a LendCare-specific control deficiency with remediation plans.
Near-Term Outlook and Expected Improvement
Q1 outlook: ending loans receivable $5.3–$5.4 billion, consumer loan yield 27%–28%, net charge-offs 17.5%–18.5%. Management expects yields to improve and net charge-offs to average in the mid‑teens for full-year 2026 with improvements through the year.
Strong Consumer Loan Portfolio Growth
Gross consumer loans receivable grew nearly 20% year-over-year to $5.5 billion at year-end 2025, driven by continued customer demand and strong originations in the direct channel.
Originations and Revenue Growth
Originations grew nearly 10% for the full year 2025 and drove double-digit year-over-year revenue growth, with Q4 originations contributing to portfolio expansion.
Healthy Direct-to-Consumer (easyfinancial) Performance
easyfinancial (direct channel) showed stable credit performance in Q4: net charge-offs of 12.1% for easyfinancial unsecured and 1% for home equity secured loans, and management plans to focus growth on this higher‑performing channel.
Large Operating Cash Generation and Liquidity Flexibility
The lending business generates approximately $0.5 billion in cash flow per quarter (about $2.0–$2.1 billion annually) before originations, giving management flexibility to manage originations and liquidity without immediate equity issuance.
Six-Point Action Plan and Immediate Remedial Steps
Management implemented a six-point action plan: refocus growth on easyfinancial, materially tighten LendCare originations, unify operating model, implement workforce reduction (~9% of employees) to yield ~$30 million annualized run-rate savings, appoint new LendCare leadership, and suspend dividends/share buybacks to retain cash.
TSE:GSY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:GSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2026 | C$36.37 | C$38.23 | +5.11% |
Nov 05, 2025 | C$159.95 | C$132.76 | -17.00% |
Aug 06, 2025 | C$182.40 | C$199.88 | +9.58% |
May 07, 2025 | C$154.44 | C$143.68 | -6.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does goeasy Ltd (TSE:GSY) report earnings?
goeasy Ltd (TSE:GSY) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is goeasy Ltd (TSE:GSY) earnings time?
goeasy Ltd (TSE:GSY) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is TSE:GSY EPS forecast?
Currently, no data Available