$104.69 Million in Sales Expected for GreenSky Inc (GSKY) This Quarter
Analysts expect GreenSky Inc (NASDAQ:GSKY) to report sales of $104.69 million for the current quarter, Zacks reports. Three analysts have made estimates for GreenSky’s earnings, with the highest sales estimate coming in at $119.90 million and the lowest estimate coming in at $96.91 million. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that GreenSky will report full-year sales of $418.15 million for the current fiscal year, with estimates ranging from $401.86 million to $437.56 million. For the next financial year, analysts anticipate that the business will post sales of $530.04 million, with estimates ranging from $442.92 million to $580.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover GreenSky.
GreenSky (NASDAQ:GSKY) last issued its earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $113.91 million for the quarter, compared to the consensus estimate of $121.28 million. GreenSky’s revenue was up 29.0% on a year-over-year basis.
In other news, insider Dennis I. Kelly acquired 27,000 shares of GreenSky stock in a transaction on Thursday, November 8th. The shares were acquired at an average price of $9.06 per share, with a total value of $244,620.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
A number of large investors have recently added to or reduced their stakes in the business. Sei Investments Co. bought a new stake in GreenSky in the 2nd quarter worth approximately $118,000. California Public Employees Retirement System bought a new stake in GreenSky in the 2nd quarter worth approximately $212,000. EJF Capital LLC bought a new stake in GreenSky in the 2nd quarter worth approximately $212,000. Mycio Wealth Partners LLC bought a new stake in GreenSky in the 3rd quarter worth approximately $180,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in GreenSky in the 2nd quarter worth approximately $229,000. 31.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of GSKY opened at $9.71 on Monday. GreenSky has a 12-month low of $8.55 and a 12-month 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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