10:36:41 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



goeasy Ltd
Symbol GSY
Shares Issued 13,674,191
Close 2018-08-02 C$ 43.49
Market Cap C$ 594,690,567
Recent Sedar Documents

Globe says Desjardins continues to rate goeasy "buy"

2018-08-03 08:54 ET - In the News

The Globe and Mail reports in its Friday, Aug. 3, edition that Desjardins Securities analyst Gary Ho says there is unlikely to be surprises when goeasy ($43.49) releases its second quarter financial report after market close on Aug. 7 given the prerelease of selected results. The Globe's David Leeder writes that Mr. Ho expects the focus on goeasy will be centred on its revised three-year outlook. Mr. Ho projects earnings per share for the consumer-finance lender of 79 cents for the quarter, which is four cents lower than the Street's consensus. Mr. Ho is also projecting consolidated operating income of $25.8-million. In previewing the results, Mr. Ho lowered his 2018 earnings per share projection to $3.45 from $3.49, however his 2019 estimate rose by 20 cents to $4.40. His revenue and operating income expectations also increased for both years. That led him to raise his share target to $48 from $44 with an unchanged "buy" rating. Analysts on average target the shares at $49.17. Mr. Ho sees "management executing on targets given its track record in meeting/exceeding past targets." He notes that 2020 guidance has the loan book doubling. Mr. Ho expects "double-digit dividend growth in the next few years."

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