Analysts Anticipate GreenSky Inc (GSKY) Will Post Quarterly Sales of $99.45 Million

Wall Street analysts forecast that GreenSky Inc (NASDAQ:GSKY) will report sales of $99.45 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for GreenSky’s earnings, with estimates ranging from $96.91 million to $104.20 million. The company is expected to issue its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that GreenSky will report full year sales of $404.42 million for the current fiscal year, with estimates ranging from $401.86 million to $409.10 million. For the next year, analysts expect that the business will report sales of $507.07 million, with estimates ranging from $442.92 million to $536.10 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow GreenSky.

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

A number of equities analysts have recently commented on the stock. Credit Suisse Group cut their target price on shares of GreenSky from $29.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, August 8th. Sandler O’Neill reaffirmed a “hold” rating and issued a $20.00 target price on shares of GreenSky in a report on Wednesday, August 8th. Compass Point reaffirmed a “hold” rating and issued a $22.00 target price on shares of GreenSky in a report on Wednesday, August 8th. Citigroup cut their target price on shares of GreenSky from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. Finally, SunTrust Banks reissued a “buy” rating and issued a $30.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.62.

Shares of GreenSky stock opened at $8.90 on Wednesday. GreenSky has a 12 month low of $8.55 and a 12 month high of $27.01.

In other news, insider Dennis I. Kelly acquired 27,000 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were bought at an average cost of $9.06 per share, with a total value of $244,620.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in GreenSky in the 2nd quarter valued at $118,000. Mycio Wealth Partners LLC acquired a new position in GreenSky in the 3rd quarter valued at $180,000. RBF Capital LLC acquired a new position in GreenSky in the 3rd quarter valued at $185,000. California Public Employees Retirement System acquired a new position in GreenSky in the 2nd quarter valued at $212,000. Finally, EJF Capital LLC acquired a new position in GreenSky in the 2nd quarter valued at $212,000. 35.19% of the stock is currently owned by institutional investors.

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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