goeasy (TSE:GSY) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$200.0m (up 5.1% from 3Q 2023).

• Net income: CA$84.9m (up 28% from 3Q 2023).

• Profit margin: 43% (up from 35% in 3Q 2023). The increase in margin was primarily driven by lower expenses.

• EPS: CA$4.95 (up from CA$3.93 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

goeasy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 25% 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 2.7% from a week ago.

Valuation

Our analysis of goeasy based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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