Earnings Preview: Mogo

Mogo MOGO is set to give its latest quarterly earnings report on Wednesday, 2022-03-23. Here's what investors need to know before the announcement.

Analysts estimate that Mogo will report an earnings per share (EPS) of $-0.11.

Mogo bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.00, which was followed by a 1.94% drop in the share price the next day.

Here's a look at Mogo's past performance and the resulting price change:

Stock Performance

Shares of Mogo were trading at $2.31 as of March 21. Over the last 52-week period, shares are down 72.61%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.