Brokerages Anticipate GreenSky Inc (GSKY) Will Announce Quarterly Sales of $99.45 Million

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Analysts expect GreenSky Inc (NASDAQ:GSKY) to post sales of $99.45 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for GreenSky’s earnings, with the lowest sales estimate coming in at $96.91 million and the highest estimate coming in at $104.20 million. The business is scheduled to announce its next earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that GreenSky will report full year sales of $404.42 million for the current year, with estimates ranging from $401.86 million to $409.10 million. For the next financial year, analysts anticipate that the company will post sales of $507.07 million, with estimates ranging from $442.92 million to $536.10 million. Zacks’ sales averages are an average based on a survey of research analysts that cover GreenSky.

GreenSky (NASDAQ:GSKY) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $113.91 million during the quarter, compared to the consensus estimate of $121.28 million. GreenSky’s revenue was up 29.0% on a year-over-year basis.

Several brokerages have issued reports on GSKY. Zacks Investment Research raised shares of GreenSky from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley lowered shares of GreenSky from an “overweight” rating to an “equal weight” rating and set a $10.00 price target on the stock. in a report on Thursday, November 8th. SunTrust Banks lowered their price target on shares of GreenSky to $11.00 and set a “buy” rating on the stock in a report on Wednesday, November 7th. Compass Point lowered shares of GreenSky from a “buy” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $11.00 in a report on Wednesday, November 7th. Finally, Goldman Sachs Group lowered shares of GreenSky from a “buy” rating to a “neutral” rating and lowered their price target for the company from $31.00 to $11.00 in a report on Wednesday, November 7th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. GreenSky presently has an average rating of “Buy” and an average target price of $20.62.

In other news, insider Dennis I. Kelly bought 27,000 shares of the stock in a transaction dated Thursday, November 8th. The shares were acquired at an average price of $9.06 per share, with a total value of $244,620.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. bought a new stake in shares of GreenSky in the 2nd quarter worth about $118,000. EJF Capital LLC bought a new stake in GreenSky during the 2nd quarter worth about $212,000. Mycio Wealth Partners LLC bought a new stake in GreenSky during the 3rd quarter worth about $180,000. California Public Employees Retirement System bought a new stake in GreenSky during the 2nd quarter worth about $212,000. Finally, RBF Capital LLC bought a new stake in GreenSky during the 3rd quarter worth about $185,000. 35.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of GreenSky stock opened at $9.00 on Wednesday. GreenSky has a 52-week low of $8.55 and a 52-week high of $27.01.

About GreenSky

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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Earnings History and Estimates for GreenSky (NASDAQ:GSKY)

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