Wall Street analysts predict that GreenSky Inc (NASDAQ:GSKY) will post earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for GreenSky’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.10. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 5th.
On average, analysts expect that GreenSky will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.58. For the next financial year, analysts forecast that the company will post earnings of $0.68 per share, with EPS estimates ranging from $0.42 to $0.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover GreenSky.
GreenSky (NASDAQ:GSKY) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $113.91 million during the quarter, compared to analysts’ expectations of $121.28 million. The business’s quarterly revenue was up 29.0% compared to the same quarter last year.
In other news, insider Dennis I. Kelly acquired 27,000 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was bought at an average price of $9.06 per share, with a total value of $244,620.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in GreenSky during the third quarter valued at about $34,173,000. Waddell & Reed Financial Inc. bought a new stake in GreenSky during the second quarter valued at about $40,116,000. Federated Investors Inc. PA bought a new stake in GreenSky during the second quarter valued at about $34,363,000. Millennium Management LLC bought a new stake in GreenSky during the second quarter valued at about $27,892,000. Finally, BlackRock Inc. bought a new stake in GreenSky during the second quarter valued at about $27,650,000. 35.19% of the stock is owned by institutional investors.
GSKY stock opened at $9.00 on Monday. GreenSky has a 1-year low of $8.55 and a 1-year 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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