$101.40 Million in Sales Expected for GreenSky Inc (GSKY) This Quarter

Brokerages expect GreenSky Inc (NASDAQ:GSKY) to report $101.40 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for GreenSky’s earnings. The lowest sales estimate is $98.84 million and the highest is $103.96 million. The firm is scheduled to report its next quarterly earnings results on Tuesday, June 4th.

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

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

A number of analysts recently issued reports on GSKY shares. Zacks Investment Research raised GreenSky from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Sandler O’Neill raised GreenSky from a “hold” rating to a “buy” rating in a report on Monday, December 10th. Finally, SunTrust Banks increased their price objective on GreenSky to $14.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $20.85.

Several hedge funds have recently modified their holdings of GSKY. Advisor Group Inc. raised its stake in GreenSky by 140.1% during the fourth quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock valued at $34,000 after buying an additional 2,011 shares during the last quarter. Royce & Associates LP purchased a new position in shares of GreenSky in the fourth quarter worth $55,000. JOYN Advisors Inc. raised its stake in shares of GreenSky by 76.5% in the fourth quarter. JOYN Advisors Inc. now owns 7,500 shares of the company’s stock worth $72,000 after purchasing an additional 3,250 shares during the last quarter. Barclays PLC raised its stake in shares of GreenSky by 445.0% in the fourth quarter. Barclays PLC now owns 10,900 shares of the company’s stock worth $105,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of GreenSky in the fourth quarter worth $120,000. Hedge funds and other institutional investors own 33.15% of the company’s stock.

GSKY stock opened at $13.21 on Friday. The firm has a market cap of $2.41 billion and a PE ratio of 188.71. GreenSky has a fifty-two week low of $8.30 and a fifty-two 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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