Analysts Anticipate GreenSky Inc (GSKY) Will Announce Quarterly Sales of $101.40 Million

Equities analysts expect that GreenSky Inc (NASDAQ:GSKY) will post sales of $101.40 million for the current quarter, according to Zacks. Two analysts have issued estimates for GreenSky’s earnings, with the highest sales estimate coming in at $103.96 million and the lowest estimate coming in at $98.84 million. The firm is scheduled to announce its next quarterly earnings report on Tuesday, June 4th.

On average, analysts expect that GreenSky will report full year sales of $528.26 million for the current year, with estimates ranging from $498.45 million to $558.06 million. For the next year, analysts anticipate that the business will post sales of $653.87 million, with estimates ranging from $577.79 million to $698.81 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover GreenSky.

GreenSky (NASDAQ:GSKY) last announced its earnings results on Tuesday, March 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. GreenSky had a negative return on equity of 45.61% and a net margin of 8.99%. The firm had revenue of $109.70 million for the quarter, compared to the consensus estimate of $103.02 million. The business’s revenue was up 22.2% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded GreenSky from a “hold” rating to a “sell” rating in a research note on Wednesday, December 19th. Sandler O’Neill upgraded GreenSky from a “hold” rating to a “buy” rating in a research note on Monday, December 10th. Finally, SunTrust Banks upped their price objective on GreenSky to $14.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $20.85.

A number of institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. lifted its stake in GreenSky by 140.1% in the fourth quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock valued at $34,000 after purchasing an additional 2,011 shares during the last quarter. JOYN Advisors Inc. lifted its stake in GreenSky by 76.5% in the fourth quarter. JOYN Advisors Inc. now owns 7,500 shares of the company’s stock valued at $72,000 after purchasing an additional 3,250 shares during the last quarter. Royce & Associates LP purchased a new position in GreenSky in the fourth quarter valued at approximately $55,000. Verity Asset Management Inc. lifted its stake in GreenSky by 57.3% in the fourth quarter. Verity Asset Management Inc. now owns 23,150 shares of the company’s stock valued at $222,000 after purchasing an additional 8,431 shares during the last quarter. Finally, Barclays PLC lifted its stake in GreenSky by 445.0% in the fourth quarter. Barclays PLC now owns 10,900 shares of the company’s stock valued at $105,000 after purchasing an additional 8,900 shares during the last quarter. Institutional investors and hedge funds own 33.15% of the company’s stock.

Shares of NASDAQ GSKY opened at $12.94 on Friday. GreenSky has a twelve month low of $8.30 and a twelve month high of $27.01. The company has a market capitalization of $2.41 billion and a PE ratio of 184.86.

GreenSky Company Profile

GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.

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