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The latest announcement is out from goeasy ( (TSE:GSY) ).
goeasy Ltd. reported its first-quarter results, showcasing a 24% increase in its loan portfolio to $4.79 billion and a 10% rise in revenue to $392 million. Despite a slight decline in loan originations and a decrease in net income, the company maintained stable credit performance and improved its funding capacity to support future growth. The results reflect the resilience of goeasy’s business model amid macroeconomic uncertainties, with strategic moves to optimize product, pricing, and collections.
Spark’s Take on TSE:GSY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSY is a Outperform.
goeasy’s overall stock score reflects strong financial performance with notable growth in revenue and profitability. While the company faces risks from high leverage and cash flow challenges, its attractive valuation and positive earnings call outlook bolster the score. The appointment of a new CEO and successful debt financing further support strategic growth initiatives.
To see Spark’s full report on TSE:GSY stock, click here.
More about goeasy
goeasy Ltd. is a leading consumer lender in Canada, specializing in providing a comprehensive range of financial services to Canadians with non-prime credit. The company focuses on various lending products, including home equity lending, point-of-sale, and automotive financing.
Average Trading Volume: 70,202
Technical Sentiment Signal: Hold
Current Market Cap: C$2.55B
Learn more about GSY stock on TipRanks’ Stock Analysis page.