goeasy Ltd (TSE:GSY)
TSX:GSY
Want to see TSE:GSY full AI Analyst Report?
Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.92Last Year’s EPS
4.11Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: management highlighted strong operating cash generation, on-target performance against prior Q1 guidance, defensive actions (workforce reductions, tightened merchant originations) and a path to refocus growth on the healthier direct-to-consumer franchise. However, these positives were offset by meaningful near-term challenges — an adjusted net loss, elevated net charge-offs largely tied to merchant-originated auto and powersports loans, a sizable build in credit provisions, ongoing remediation of a control deficiency, conditional access to material liquidity, and a pullback in originations that contracted the loan book sequentially. Management articulated a clear plan and reiterated mid-teens net charge-off expectations for the year, but execution and timing risks remain salient.Company Guidance
Strong operating cash generation
Cash provided by operating activities before net principal written was $560.1 million in Q1 2026, up from $410.7 million in Q1 2025 (≈ +36%), giving management flexibility to manage liquidity and originations.
Year-over-year loan book growth
Gross consumer loans receivable grew to $5.36 billion as of March 31, 2026, up $568 million or ~12% versus $4.8 billion a year ago, reflecting underlying demand across unsecured and home equity products despite late-Q1 moderation.
Performance in line with prior outlook
Q1 results were consistent with previously provided guidance: ending gross consumer loans receivable ($5.36B middle of $5.3B–$5.4B range), total yield on consumer loans 27.9% (near the top of 27%–28% range), and net charge-offs 17.8% (within the 17.5%–18.5% outlook).
Direct-to-consumer franchise remains comparatively healthy
Easyfinancial (direct-to-consumer) showed relatively stable credit performance with annualized net charge-offs for unsecured direct-to-consumer loans at 13.8% (up from 12.7% YoY) and stable weighted-average originations interest rates; management intends to prioritize growth in this franchise in H2 2026.
Cost actions and improving efficiency
Workforce reduction of approximately 9% is expected to deliver around $30 million of annualized savings; normalized efficiency ratio improved to 24.5% in Q1 (down 160 basis points from 26.1% in Q1 2025).
Proactive balance sheet and debt management
Company repaid the USD ~$65M May 2026 senior unsecured note using existing cash and reported no other near-term note maturities; average coupon on borrowings was ~6.6% at quarter-end (mostly fixed/hedged).
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 |
|---|---|---|---|
May 12, 2026 | C$30.99 | C$29.42 | -5.07% |
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% |
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 Aug 12, 2026, After Close (Confirmed).
What is goeasy Ltd (TSE:GSY) earnings time?
goeasy Ltd (TSE:GSY) earnings time is at Aug 12, 2026, After Close (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 2026 (Q2) is -0.92.