$0.11 EPS Expected for GreenSky Inc (GSKY) This Quarter

Equities research analysts expect GreenSky Inc (NASDAQ:GSKY) to announce earnings per share (EPS) of $0.11 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for GreenSky’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. The firm is scheduled to issue its next earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that GreenSky will report full-year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.58. For the next fiscal year, analysts expect that the firm will report earnings of $0.68 per share, with EPS estimates ranging from $0.42 to $0.79. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow GreenSky.

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

Several research firms have commented on GSKY. Cowen raised shares of GreenSky from a “neutral” rating to a “buy” rating in a research note on Thursday, August 16th. Compass Point cut shares of GreenSky from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $11.00 in a research note on Wednesday. Morgan Stanley cut shares of GreenSky from an “overweight” rating to an “equal weight” rating and set a $10.00 target price for the company. in a research note on Thursday. Zacks Investment Research cut shares of GreenSky from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $20.00 target price on shares of GreenSky in a research note on Wednesday, August 8th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. GreenSky currently has a consensus rating of “Buy” and a consensus target price of $20.62.

GSKY stock traded up $0.30 during midday trading on Friday, hitting $9.71. The stock had a trading volume of 4,047,801 shares, compared to its average volume of 3,319,509. GreenSky has a 12-month low of $8.55 and a 12-month high of $27.01.

In related news, insider Dennis I. Kelly purchased 27,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were bought at an average price of $9.06 per share, for a total transaction of $244,620.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of GreenSky by 46.4% in the 3rd quarter. BlackRock Inc. now owns 1,914,545 shares of the company’s stock valued at $34,463,000 after purchasing an additional 607,173 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of GreenSky by 124.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,904,289 shares of the company’s stock valued at $34,278,000 after acquiring an additional 1,057,371 shares in the last quarter. Waddell & Reed Financial Inc. acquired a new position in shares of GreenSky during the 2nd quarter valued at $40,116,000. Federated Investors Inc. PA acquired a new position in shares of GreenSky during the 2nd quarter valued at $34,363,000. Finally, Millennium Management LLC acquired a new position in shares of GreenSky during the 2nd quarter valued at $27,892,000. Institutional investors own 31.30% of the company’s stock.

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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Earnings History and Estimates for GreenSky (NASDAQ:GSKY)

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