Zacks: Brokerages Expect Mogo Finance Technology Inc (MOGO) Will Post Quarterly Sales of $12.04 Million
Equities analysts expect Mogo Finance Technology Inc (NASDAQ:MOGO) to report $12.04 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Mogo Finance Technology’s earnings, with the highest sales estimate coming in at $12.34 million and the lowest estimate coming in at $11.74 million. Mogo Finance Technology posted sales of $10.50 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The business is scheduled to report its next quarterly earnings results on Tuesday, March 5th.
According to Zacks, analysts expect that Mogo Finance Technology will report full-year sales of $46.27 million for the current year, with estimates ranging from $46.06 million to $46.47 million. For the next year, analysts forecast that the business will post sales of $57.58 million, with estimates ranging from $56.32 million to $58.84 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Mogo Finance Technology.
Mogo Finance Technology (NASDAQ:MOGO) last announced its earnings results on Wednesday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. Mogo Finance Technology had a negative return on equity of 1,609.72% and a negative net margin of 39.52%. The company had revenue of $11.80 million for the quarter, compared to analyst estimates of $10.62 million.
A hedge fund recently raised its stake in Mogo Finance Technology stock. JPMorgan Chase & Co. increased its holdings in shares of Mogo Finance Technology Inc (NASDAQ:MOGO) by 225.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the company’s stock after buying an additional 45,000 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Mogo Finance Technology worth $217,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.37% of the company’s stock.
Shares of MOGO stock opened at $2.81 on Wednesday. Mogo Finance Technology has a 1-year low of $2.21 and a 1-year high of $4.00. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 30.89. The firm has a market cap of $66.70 million and a PE ratio of -4.22.
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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