Wall Street brokerages expect GreenSky Inc (NASDAQ:GSKY) to post earnings per share of $0.21 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for GreenSky’s earnings, with estimates ranging from $0.18 to $0.24. GreenSky also reported earnings of $0.21 per share in the same quarter last year. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that GreenSky will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $0.62. For the next year, analysts forecast that the business will report earnings of $0.66 per share, with EPS estimates ranging from $0.51 to $0.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for GreenSky.

GreenSky (NASDAQ:GSKY) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.31. The firm had revenue of $138.70 million during the quarter, compared to analyst estimates of $140.76 million. GreenSky had a negative return on equity of 126.06% and a net margin of 7.28%. GreenSky’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share.

A number of equities analysts have commented on GSKY shares. Zacks Investment Research downgraded GreenSky from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. SunTrust Banks set a $7.00 target price on GreenSky and gave the company a “hold” rating in a research note on Wednesday, August 7th. Raymond James downgraded GreenSky from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Sandler O’Neill downgraded GreenSky from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $7.00 in a research report on Tuesday, August 6th. Finally, Guggenheim downgraded GreenSky from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $13.75 to $13.76 in a research report on Wednesday, May 8th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.66.

Shares of GreenSky stock opened at $7.07 on Tuesday. The firm has a market cap of $1.30 billion, a P/E ratio of 101.00, a P/E/G ratio of 0.50 and a beta of 1.92. GreenSky has a fifty-two week low of $5.74 and a fifty-two week high of $21.70. The business has a 50-day moving average price of $10.84 and a 200 day moving average price of $12.13.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in GreenSky by 297.4% in the fourth quarter. Bank of New York Mellon Corp now owns 127,829 shares of the company’s stock worth $1,223,000 after purchasing an additional 95,660 shares during the period. Advisor Group Inc. lifted its position in GreenSky by 140.1% in the fourth quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock worth $34,000 after purchasing an additional 2,011 shares during the period. Bank of America Corp DE lifted its position in GreenSky by 90.2% in the fourth quarter. Bank of America Corp DE now owns 147,912 shares of the company’s stock worth $1,416,000 after purchasing an additional 70,158 shares during the period. Legal & General Group Plc acquired a new stake in GreenSky in the fourth quarter worth approximately $1,674,000. Finally, Norges Bank acquired a new stake in GreenSky in the fourth quarter worth approximately $25,874,000. Institutional investors and hedge funds own 32.70% 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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