Mogo Inc (MOGO) Reports Q1 Loss, Tops Revenue Estimates

Financial Performance - Mogo Inc reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.07, and an improvement from a loss of $0.12 per share a year ago, representing an earnings surprise of 42.86% [1] - The company posted revenues of $12.07 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.97%, although this is a decline from year-ago revenues of $13.3 million [2] - Over the last four quarters, Mogo has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - Mogo shares have declined approximately 19.1% since the beginning of the year, compared to a decline of 4.3% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $11.22 million, and for the current fiscal year, it is -$0.24 on revenues of $45.87 million [7] Industry Context - The Technology Services industry, to which Mogo belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that Mogo's stock may outperform the market based on current estimates [5][6]