Mogo Inc (MOGO) Reports Q3 Loss, Misses Revenue Estimates

Core Insights - Mogo Inc reported a quarterly loss of $0.01 per share, outperforming the Zacks Consensus Estimate of a loss of $0.11, marking a 90.91% earnings surprise [1] - The company generated revenues of $12.96 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 1.34%, but showing an increase from $12.06 million year-over-year [2] - Mogo shares have declined approximately 47.3% year-to-date, contrasting with the S&P 500's gain of 21.2% [3] Financial Performance - Over the last four quarters, Mogo has exceeded consensus EPS estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is -$0.10 on projected revenues of $13.47 million, and for the current fiscal year, it is -$0.42 on revenues of $52.5 million [7] Market Outlook - The Zacks Industry Rank places Technology Services in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Mogo's current Zacks Rank is 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6]