Wall Street analysts predict that GWG Holdings Inc (NASDAQ:GWGH) will post earnings of ($0.18) per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for GWG’s earnings. GWG posted earnings of $1.76 per share during the same quarter last year, which suggests a negative year over year growth rate of 110.2%. The business is expected to report its next quarterly earnings results on Tuesday, August 13th.
According to Zacks, analysts expect that GWG will report full year earnings of ($0.89) per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of ($0.24) per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for GWG.
Separately, ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a research report on Friday.
An institutional investor recently bought a new position in GWG stock. Tibra Equities Europe Ltd bought a new position in GWG Holdings Inc (NASDAQ:GWGH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,379 shares of the financial services provider’s stock, valued at approximately $292,000. Tibra Equities Europe Ltd owned approximately 0.41% of GWG as of its most recent SEC filing. 1.90% of the stock is currently owned by institutional investors and hedge funds.
GWG Company Profile
GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.
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