In This Article:
goeasy (TSE:GSY) Full Year 2024 Results
Key Financial Results
-
Revenue: CA$814.2m (up 9.1% from FY 2023).
-
Net income: CA$283.1m (up 14% from FY 2023).
-
Profit margin: 35% (up from 33% in FY 2023). The increase in margin was driven by higher revenue.
-
EPS: CA$16.56 (up from CA$14.70 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
goeasy Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
The primary driver behind last 12 months revenue was the Easyfinancial segment contributing a total revenue of CA$1.37b (168% of total revenue). The largest operating expense was General & Administrative costs, amounting to CA$274.0m (52% of total expenses). Explore how GSY's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in North America.
Performance of the market in Canada.
The company's shares are up 6.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for goeasy (of which 1 is concerning!) you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.