Mogo (MOGO) Set to Announce Quarterly Earnings on Thursday

Mogo (NASDAQ:MOGO) is scheduled to be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter.

Mogo (NASDAQ:MOGO) last posted its quarterly earnings results on Wednesday, March 20th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $12.60 million for the quarter, compared to the consensus estimate of $11.24 million. Mogo had a negative net margin of 27.68% and a negative return on equity of 14.98%. On average, analysts expect Mogo to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mogo Trading Down 1.6 %

MOGO stock opened at $1.80 on Wednesday. The company has a market capitalization of $44.12 million, a PE ratio of -3.27 and a beta of 2.76. Mogo has a one year low of $0.95 and a one year high of $2.96. The company’s 50 day moving average price is $1.94 and its two-hundred day moving average price is $1.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.71 and a current ratio of 1.71.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of Mogo in a research note on Thursday, March 21st.

About Mogo

Mogo Inc operates as a digital finance company in Canada, Europe, and internationally. The company's digital solutions help build wealth and achieve financial freedom. It provides MogoTrade, a stock trading app; Moka; and MogoMoney that provides online personal loans. The company also offers digital loans and mortgages; and operates a digital payments platform that powers next-generation card programs for both global corporations and fintech companies in Europe and Canada.