GreenSky Inc (GSKY) Expected to Announce Quarterly Sales of $99.45 Million
Equities research analysts expect that GreenSky Inc (NASDAQ:GSKY) will report $99.45 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for GreenSky’s earnings. The lowest sales estimate is $96.91 million and the highest is $104.20 million. The business is scheduled to issue its next earnings results on Tuesday, February 5th.
On average, 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 financial year, analysts anticipate that the firm will report sales of $507.07 million, with estimates ranging from $442.92 million to $536.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover GreenSky.
GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $113.91 million for the quarter, compared to analyst estimates of $121.28 million. GreenSky’s quarterly revenue was up 29.0% on a year-over-year basis.
In other GreenSky news, insider Dennis I. Kelly acquired 27,000 shares of GreenSky stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average cost of $9.06 per share, with a total value of $244,620.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in GreenSky by 29.2% in the third 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 during the last quarter. Franklin Resources Inc. raised its position in GreenSky by 47.4% in the third 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 during the last quarter. Partner Fund Management L.P. raised its position in GreenSky by 150.9% in the third quarter. Partner Fund Management L.P. now owns 2,038,160 shares of the company’s stock valued at $36,687,000 after purchasing an additional 1,225,832 shares during the last quarter. BlackRock Inc. raised its position in GreenSky by 46.4% in the third 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. Finally, Wells Fargo & Company MN raised its position in GreenSky by 124.8% in the third quarter. Wells Fargo & Company MN now owns 1,904,289 shares of the company’s stock valued at $34,278,000 after purchasing an additional 1,057,371 shares during the last quarter. Hedge funds and other institutional investors own 35.19% of the company’s stock.
GSKY opened at $9.00 on Wednesday. GreenSky has a 52-week low of $8.55 and a 52-week high of $27.01.
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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