Zacks: Analysts Expect GreenSky Inc (GSKY) Will Announce Quarterly Sales of $101.40 Million

Equities analysts expect GreenSky Inc (NASDAQ:GSKY) to post $101.40 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for GreenSky’s earnings, with the highest sales estimate coming in at $103.96 million and the lowest estimate coming in at $98.84 million. The firm is scheduled to issue its next earnings report on Tuesday, June 4th.

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

GreenSky (NASDAQ:GSKY) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $109.70 million during the quarter, compared to analyst estimates of $103.02 million. GreenSky had a negative return on equity of 36.52% and a net margin of 8.99%. GreenSky’s revenue was up 22.2% on a year-over-year basis.

GSKY has been the subject of several analyst reports. Zacks Investment Research lowered GreenSky from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Sandler O’Neill upgraded GreenSky from a “hold” rating to a “buy” rating in a research report on Monday, December 10th. Finally, SunTrust Banks boosted their target price on GreenSky to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.85.

Several institutional investors have recently bought and sold shares of GSKY. Shapiro Capital Management LLC bought a new position in shares of GreenSky during the 4th quarter valued at about $74,166,000. Vanguard Group Inc. lifted its holdings in shares of GreenSky by 29.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,424,121 shares of the company’s stock valued at $61,634,000 after purchasing an additional 773,774 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of GreenSky by 29.2% during the 3rd quarter. Vanguard Group Inc now owns 3,424,121 shares of the company’s stock valued at $61,634,000 after purchasing an additional 773,774 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of GreenSky by 47.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,899,243 shares of the company’s stock valued at $52,186,000 after purchasing an additional 932,592 shares in the last quarter. Finally, Norges Bank bought a new position in shares of GreenSky during the 4th quarter valued at about $25,874,000. Institutional investors own 31.70% of the company’s stock.

Shares of GreenSky stock traded up $0.49 during trading on Friday, hitting $13.32. 1,521,900 shares of the company were exchanged, compared to its average volume of 1,103,118. The firm has a market capitalization of $2.42 billion and a P/E ratio of 190.29. GreenSky has a 1-year low of $8.30 and a 1-year 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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