Zacks: Brokerages Expect Mogo Finance Technology Inc (MOGO) Will Post Earnings of -$0.17 Per Share

Equities analysts expect that Mogo Finance Technology Inc (NASDAQ:MOGO) will announce earnings of ($0.17) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Mogo Finance Technology’s earnings. The lowest EPS estimate is ($0.20) and the highest is ($0.14). Mogo Finance Technology also posted earnings of ($0.17) per share during the same quarter last year. The firm is scheduled to announce its next earnings results on Tuesday, March 5th.

On average, analysts expect that Mogo Finance Technology will report full-year earnings of ($0.70) per share for the current financial year, with EPS estimates ranging from ($0.72) to ($0.67). For the next fiscal year, analysts forecast that the business will report earnings of ($0.47) per share, with EPS estimates ranging from ($0.51) to ($0.43). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Mogo Finance Technology.

Mogo Finance Technology (NASDAQ:MOGO) last released its earnings results on Wednesday, November 7th. The company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.03. Mogo Finance Technology had a negative net margin of 39.52% and a negative return on equity of 1,609.72%. The firm had revenue of $11.80 million during the quarter, compared to the consensus estimate of $10.62 million.



Separately, B. Riley assumed coverage on shares of Mogo Finance Technology in a report on Thursday, November 15th. They issued a “buy” rating and a $7.00 price objective for the company.

An institutional investor recently raised its position in Mogo Finance Technology stock. JPMorgan Chase & Co. boosted its position in Mogo Finance Technology Inc (NASDAQ:MOGO) by 225.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,000 shares of the company’s stock after purchasing an additional 45,000 shares during the quarter. JPMorgan Chase & Co. owned about 0.28% of Mogo Finance Technology worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.53% of the stock is owned by institutional investors and hedge funds.

Shares of Mogo Finance Technology stock traded down $0.04 on Friday, reaching $2.30. 1,500 shares of the company traded hands, compared to its average volume of 2,467. Mogo Finance Technology has a 52 week low of $1.98 and a 52 week high of $4.00. The company has a market capitalization of $54.21 million and a P/E ratio of -3.38. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 30.89.

Mogo Finance Technology Company Profile

Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers its products to help consumers enhance their financial health. It offers digital access to free monthly credit score monitoring; MogoCard, a Mogo Platinum Prepaid Visa card; MogoMoney personal loans; MogoProtect to identity fraud protection; and MogoMortgage, a digital mortgage brokerage solution.

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