Mogo Inc reports results for the quarter ended March 31 - Earnings Summary

• Mogo Inc MOGO.TO reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -16 cents. The lone analyst forecast for the quarter was for a loss of 15 cents per share.

• Revenue fell 3.3% to C$17.33 million from a year ago; analysts expected C$16.65 million.

• Mogo Inc's reported EPS for the quarter was a loss of 49 cents​.

• The company reported a quarterly loss of C$11.87 million.

• Mogo Inc shares had risen by 27.9% this quarter and lost 19.1% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

• Wall Street's median 12-month price target for Mogo Inc is $4.00

This summary was machine generated from LSEG data May 8 at 01:22 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)