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goeasy Ltd (TSE:GSY)
TSX:GSY
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
4.51Last Year’s EPS
4.01Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -2.80%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call was largely positive, highlighting record performance in revenue and loan growth, improved efficiency, and a strong capital position. However, there were some challenges with increased delinquencies and macroeconomic pressures.Company Guidance
In the third quarter of 2024, goeasy Limited reported record-breaking financial performance, with loan originations reaching $839 million, a 16% increase from Q3 2023, and total revenue climbing to $383 million, up 19% year-over-year. The company's loan portfolio grew by 28% to $4.39 billion, with unsecured lending making up 55% of originations. The average loan portfolio across branches rose to $6.6 million, up 18%. The company also expanded its dealer network for automotive financing to over 3,700 dealers, achieving $150 million in quarterly originations for the first time. The weighted average interest rate decreased to 29.3%, while the total portfolio yield ended at 33.2%. Despite a slight increase in delinquencies, the annualized net charge-off rate improved to 9.2%. goeasy's adjusted operating income reached $163 million, marking a 25% increase, with an adjusted return on equity at 25.7%. Looking ahead, the company anticipates loan portfolio growth of $205 million to $230 million in the last quarter and expects to maintain an annualized net charge-off rate between 8.75% and 9.75%.Record-Breaking Quarter
The third quarter marked the strongest in goeasy's history with record originations of $839 million, up 16% from Q3 2023, and total revenue reaching a record $383 million, up 19% year-over-year.
Loan Portfolio Growth
The loan portfolio grew to $4.39 billion, up 28% year-over-year, with unsecured lending making up 55% of originations and home equity lending volumes up 57% year-over-year.
Improved Efficiency and Earnings
Efficiency ratio improved to a record 23.1%, and adjusted operating income reached a record $163 million, up 25% from Q3 2023.
Strong Capital Position
Post-quarter issuance of CAD 700 million in senior unsecured notes, with a total funding capacity of $1.8 billion.
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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
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TSE:GSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$179.00 | C$177.97 | -0.57% |
| Aug 08, 2024 | C$192.33 | C$184.75 | -3.94% |
| May 07, 2024 | C$180.93 | C$186.88 | +3.29% |
| Feb 13, 2024 | C$153.00 | C$165.25 | +8.01% |
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.
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FAQ
When does goeasy Ltd (TSE:GSY) report earnings?
goeasy Ltd (TSE:GSY) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is goeasy Ltd (TSE:GSY) earnings time?
goeasy Ltd (TSE:GSY) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GSY EPS forecast?
TSE:GSY EPS forecast for the fiscal quarter 2024 (Q4) is 4.51.
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