Mogo (MOGO) to Release Quarterly Earnings on Wednesday

Mogo (NASDAQ:MOGO) will release its earnings data before the market opens on Wednesday, November 6th. Analysts expect Mogo to post earnings of ($0.11) per share for the quarter.

Mogo (NASDAQ:MOGO) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.07. Mogo had a negative return on equity of 17.25% and a negative net margin of 24.68%. The business had revenue of $12.83 million during the quarter, compared to analysts’ expectations of $12.77 million. On average, analysts expect Mogo to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mogo Stock Performance

Shares of NASDAQ MOGO traded up $0.01 during midday trading on Tuesday, hitting $0.97. 20,540 shares of the company’s stock were exchanged, compared to its average volume of 55,237. The firm’s fifty day simple moving average is $1.12 and its 200-day simple moving average is $1.40. Mogo has a twelve month low of $0.94 and a twelve month high of $2.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.38 and a quick ratio of 1.38.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $6.00 price objective on shares of Mogo in a report on Tuesday, September 24th.

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.