Scotiabank Has Bearish Forecast for goeasy FY2026 Earnings

goeasy Ltd. (TSE:GSY) – Equities researchers at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of goeasy in a research note issued to investors on Wednesday, July 29th. Scotiabank analyst P. Hardie now forecasts that the company will post earnings of ($1.50) per share for the year, down from their previous forecast of ($0.24). Scotiabank currently has a “Sector Perform” rating and a $39.00 target price on the stock. The consensus estimate for goeasy’s current full-year earnings is $20.32 per share. Scotiabank also issued estimates for goeasy’s FY2027 earnings at $6.23 EPS.

GSY has been the topic of several other reports. Jefferies Financial Group decreased their target price on shares of goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. BMO Capital Markets reduced their price target on shares of goeasy from C$45.00 to C$36.00 in a research report on Wednesday, May 13th. Desjardins decreased their price objective on goeasy from C$47.00 to C$38.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Royal Bank Of Canada lowered their price objective on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Finally, ATB Cormark Capital Markets cut goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 target price for the company. in a research note on Wednesday. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, goeasy currently has an average rating of “Reduce” and a consensus target price of C$37.89.

goeasy Trading Down 0.3%

goeasy stock opened at C$48.84 on Friday. The company has a 50-day moving average price of C$43.32 and a 200 day moving average price of C$63.00. goeasy has a 12-month low of C$27.60 and a 12-month high of C$216.50. The stock has a market cap of C$783.10 million, a P/E ratio of -4.53, a PEG ratio of 0.84 and a beta of 1.41.

goeasy (TSE:GSY) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C($1.90) earnings per share for the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. The firm had revenue of C$412.86 million for the quarter.

About goeasy

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.