goeasy Full Year 2023 Earnings: EPS Beats Expectations

goeasy (TSE:GSY) Full Year 2023 Results

Key Financial Results

• Revenue: CA$908.4m (up 43% from FY 2022).
• Net income: CA$247.9m (up 77% from FY 2022).
• Profit margin: 27% (up from 22% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CA$14.70 (up from CA$8.61 in FY 2022).

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

goeasy EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 24% 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 10% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with goeasy (at least 2 which are a bit unpleasant), and understanding them should be part of your investment process.

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.