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goeasy Ltd (TSE:GSY)
TSX:GSY
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
4.55Last Year’s EPS
3.83Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 1.16%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial and operational performance with significant revenue and loan growth, alongside strategic initiatives for product expansion. Despite minor challenges with loan loss provisions and repossession processes, the company's achievements and future outlook present a positive sentiment.Company Guidance
During goeasy Ltd.'s Fourth Quarter 2024 Earnings Call, the company reported strong financial metrics and provided guidance for future growth. They achieved record loan originations of $814 million in the fourth quarter, a 15% increase from the previous year, contributing to a 26% growth in their loan portfolio, which reached $4.6 billion. The quarter saw a 20% increase in total revenue, reaching $405 million, with an adjusted net income of $77.4 million, up 12% year-over-year. The company maintained a stable credit performance, with an annualized net charge-off rate of 9.1% and a loan loss provision rate of 7.61%. They also announced an increase in the annual dividend by 25% to $5.84 per share. Looking ahead, goeasy expects to grow its loan portfolio to between $7.35 billion and $7.75 billion by 2027, with new product launches and a gradual decline in total yield to approximately 30%.Record Loan Originations and Growth
Loan originations during the quarter were $814 million, up 15% compared to $705 million in the fourth quarter of 2023. The loan portfolio finished the year at $4.6 billion, up 26%.
Strong Financial Performance
Total revenue in the quarter was a record $405 million, up 20% over the same period in 2023. Adjusted net income was a record $77.4 million, up 12% from $69 million in the fourth quarter of 2023.
Improved Efficiency Ratio
The efficiency ratio improved to 24.2%, a reduction of 410 basis points from 28.3% in the fourth quarter of the prior year.
Dividend Increase
The Board of Directors has approved an increase to the annual dividend from $4.68 per share to $5.84 per share, an increase of 25%.
Successful Expansion in Automotive Financing
Record fourth quarter originations of $139 million in automotive financing, up 31% year-over-year.
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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 |
|---|---|---|---|
| Feb 13, 2025 | C$168.64 | C$177.61 | +5.32% |
| 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% |
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 May 13, 2025, TBA Not Confirmed.
What is goeasy Ltd (TSE:GSY) earnings time?
goeasy Ltd (TSE:GSY) earnings time is at May 13, 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 2025 (Q1) is 4.55.
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