Mogo Inc reports results for the quarter ended June 30 - Earnings Summary

• Mogo Inc MOGO reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -15 cents. The lone analyst forecast for the quarter was for a loss of 16 cents per share.

• Revenue fell 3.5% to C$16.93 million from a year ago; analysts expected C$16.01 million.

• Mogo Inc's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of C$13.51 million.

• Mogo Inc shares had risen by 30.2% this quarter and gained 20.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 45.5% in the last three months.​

• 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."

• Wall Street's median 12-month price target for Mogo Inc is $4.00, about 59% above its last closing price of $1.64

This summary was machine generated from LSEG data August 7 at 05:58 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)