Wall Street analysts predict that Mogo Finance Technology Inc (NASDAQ:MOGO) will post $12.48 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Mogo Finance Technology’s earnings. The lowest sales estimate is $12.32 million and the highest is $12.63 million. Mogo Finance Technology posted sales of $11.34 million during the same quarter last year, which suggests a positive year over year growth rate of 10.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 14th.
On average, analysts expect that Mogo Finance Technology will report full year sales of $55.34 million for the current year, with estimates ranging from $55.01 million to $55.67 million. For the next financial year, analysts expect that the business will post sales of $71.29 million, with estimates ranging from $70.46 million to $72.12 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Mogo Finance Technology.
Mogo Finance Technology (NASDAQ:MOGO) last issued its earnings results on Tuesday, March 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. Mogo Finance Technology had a negative net margin of 35.90% and a negative return on equity of 1,609.72%. The company had revenue of $12.19 million for the quarter, compared to analysts’ expectations of $11.89 million.
Mogo Finance Technology stock traded up $0.42 during midday trading on Monday, hitting $2.72. 185,700 shares of the company’s stock were exchanged, compared to its average volume of 10,627. Mogo Finance Technology has a 12 month low of $1.98 and a 12 month high of $4.00. The stock has a market cap of $53.74 million and a price-to-earnings ratio of -3.94.
A hedge fund recently raised its stake in Mogo Finance Technology stock. JPMorgan Chase & Co. raised its position in shares of Mogo Finance Technology Inc (NASDAQ:MOGO) by 225.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,000 shares of the company’s stock after buying an additional 45,000 shares during the quarter. JPMorgan Chase & Co. owned about 0.28% of Mogo Finance Technology worth $217,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.49% of the company’s stock.
About Mogo Finance Technology
Mogo Finance Technology Inc operates as a financial technology company in Canada. The company offers solutions that help consumers to manage and control their finances. It offers free credit score monitoring; MogoProtect, an identity fraud protection solution; MogoCard, a Mogo Visa Platinum Prepaid Card; MogoMortgage, a digital mortgage solution; MogoCrypto account; and MogoMoney that enables the buying and selling of bitcoin, as well as access to consumer credit products.
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