In the last trading session, Mogo Inc (MOGO) closed at USD 6.72, a move of +1.36% on the previous day. The stock outperformed the S&P 500’s daily gain of 1.13%.
Today, the company’s shares are down 10.04% over the past month. At the same time, the corporate services sector lost 14.6% while the S&P 500 gained 2.39%.
Investors will be hoping for strength from MOGO as it nears its next earnings release. The company is expected to post earnings per share of $ -0.10, 400% less than the year-ago quarter. Our latest consensus estimate is for quarterly revenue of $ 8.01 million, up 2.43% from the same period last year.
MOGO’s Zacks Consensus Estimates for the full year forecast earnings of $ -0.39 per share and sales of $ 37.92 million. These results would represent changes of -50% and +14.19% compared to the previous year.
Any recent changes in analyst estimates for MOGO should also be noted by investors. Most recent revisions usually reflect the latest short-term business trends. Therefore, positive estimate revisions reflect analysts’ optimism about the company’s business and profitability.
Based on our research, we believe these valuation revisions are directly related to team-based stock movements. Investors can take advantage of this by using the Zacks rank. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell) and has a proven, externally audited track record of outperformance. The EPS estimate remained flat over the past month. MOGO currently has a Zacks rank of # 3 (Hold).
The technology services industry is part of the business services sector. This industry currently has a Zacks industry rank of 216, which puts it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank is a best-to-worst ranking based on the average Zacks rank of each company in each of those sectors. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.
To follow MOGO in the upcoming trading sessions be sure to use Zacks.com.
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