goeasy slides after bigger‑than‑expected Q4 loss

Shares of non-prime consumer lender goeasy GSY.TO slide 12% to C$33.5 after Q4 results

Co posts Q4 adjusted loss of C$8.93 per share, compared with analysts’ expectations for a loss of C$3.92 per share - data compiled by LSEG

Revenue rose 0.5% to C$406.31 million, below analysts' estimates of C$419.12 million - data compiled by LSEG

Last week, GSY secured waivers from lenders linked to certain financial covenants, easing the pressure on the lender after it disclosed a big charge-off and write-downs

"On the constructive side, management made progress in delivering its cost efficiencies earlier than we had anticipated with a 9% workforce reduction implemented in March" - Scotiabank

Four of ten analysts rate stock "strong buy" or "buy", five "hold" and one "sell"; their median PT is C$62.5 - data compiled by LSEG

Including session's move, stock down 74.2% YTD