In the last trading session, Mogo Inc (MOGO) closed at USD 7.96, a movement of -1.73% from the previous day. This move fell short of the S&P 500’s daily gain of 0.36%.
To date, the company’s shares were down 18.31% in the past month. Over the same period, the business services sector lost 3.02% while the S&P 500 gained 5.21%.
Investors are hoping for strength from MOGO as it nears its next earnings release. The company is expected to post earnings per share of $ 0.14, an increase of 12.5% over the prior year quarter. The Zacks Consensus estimate for sales predicts net sales of $ 8.52 million, a decrease of 17.84% from the same period last year.
For the full year, our Zacks Consensus estimates project earnings per share of $ 0.46 and revenue of $ 39.61 million, a year-over-year change of -76.92% and + 19.3%, respectively .
Investors might also notice the recent changes in analyst estimates for MOGO. These recent revisions tend to reflect developments in short term business trends. As a result, we can interpret positive estimates as a good sign of the company’s business outlook.
Our research shows that these changes in estimates correlate directly with short-term stock prices. Investors can take advantage of this using the Zacks range. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive, externally verified track record of outperformance, with the # 1 stocks posting average annual returns since 1988 of + 25%. Over the past 30 days, our consensus forecast for EPS has decreased 47.69%. MOGO currently has a Zacks rank of # 3 (Hold).
The Technology Services sector is part of the Business Services sector. This group has a Zacks industry rank of 159, which is below 38% of all over 250 industries.
Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of each stock within the groups. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
Use Zacks.com to follow MOGO in the upcoming trading sessions.
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