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goeasy Ltd (TSE:GSY)
TSX:GSY
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
4.05Last Year’s EPS
4.1Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -7.02%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong loan growth, increased capital, and improved operating leverage. However, the company faced challenges with declining net income, lower portfolio yield, and increased loan loss provisions due to economic conditions. While there are positive aspects, the financial pressures indicate a balanced outlook.Company Guidance
During the first quarter of 2025, goeasy Ltd. reported robust performance metrics, including a record $672,000 in credit applications, a 10% increase year-over-year, and $677 million in originations. The company added 43,500 new customers, marking an 8% increase from the previous year. The total loan portfolio grew to $4.79 billion, reflecting a 24% increase, with unsecured lending comprising 62% of originations. The average loan per branch rose to $7.2 million, up 20%. Despite a decline in the portfolio yield to 31.3%, the company maintained a strong capital position, raising over $550 million and ending the quarter with $2 billion in total funding capacity. The annualized net charge-off rate was 8.9%, within the forecasted range, and the adjusted net income stood at $60 million. The efficiency ratio improved to 26.1%, and goeasy continues to focus on scaling its automotive and home equity lending products.Strong Loan Growth and Record Applications
goeasy Ltd. saw a record first quarter with 672,000 credit applications, up 10% from the previous year. They generated 43,500 new customers, an increase of 8%, with organic loan growth exceeding forecasts by reaching $119 million.
Expansion in Automotive Financing
The company achieved record first quarter originations of $150 million in automotive financing, up 30% year-over-year, and expanded their dealer network to over 4,000 dealers.
Strong Capital Position
goeasy Ltd. raised over $550 million in additional capital and issued US$400 million senior unsecured notes due in 2030, maintaining a weighted average borrowing cost of 6.8%.
Improved Operating Leverage
Efficiency ratio improved to 26.1%, a reduction of 130 basis points from the previous year, and operating expenses as a percentage of revenue decreased to 8.7%.
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 07, 2025 | C$158.88 | C$147.81 | -6.97% |
Feb 13, 2025 | C$167.02 | C$175.90 | +5.32% |
Nov 07, 2024 | C$177.28 | C$176.26 | -0.57% |
Aug 08, 2024 | C$190.48 | C$182.97 | -3.94% |
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 06, 2025, TBA Not Confirmed.
What is goeasy Ltd (TSE:GSY) earnings time?
goeasy Ltd (TSE:GSY) earnings time is at Aug 06, 2025, TBA Not 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 2025 (Q2) is 4.05.