Brokerages forecast that GreenSky Inc (NASDAQ:GSKY) will post sales of $138.88 million for the current quarter, Zacks reports. Three analysts have provided estimates for GreenSky’s earnings. The highest sales estimate is $140.56 million and the lowest is $136.80 million. GreenSky posted sales of $113.91 million in the same quarter last year, which suggests a positive year-over-year growth rate of 21.9%. The firm is scheduled to issue its next earnings report on Tuesday, November 5th.

On average, analysts expect that GreenSky will report full-year sales of $517.65 million for the current financial year, with estimates ranging from $511.30 million to $528.50 million. For the next fiscal year, analysts anticipate that the company will post sales of $608.88 million, with estimates ranging from $580.20 million to $631.78 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover GreenSky.

GreenSky (NASDAQ:GSKY) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.31. The business had revenue of $138.70 million during the quarter, compared to analysts’ expectations of $140.76 million. GreenSky had a net margin of 7.28% and a negative return on equity of 93.12%. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS.

Several research firms have recently issued reports on GSKY. Zacks Investment Research cut shares of GreenSky from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Sandler O’Neill cut shares of GreenSky from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $7.00 in a research report on Tuesday, August 6th. Compass Point set a $7.00 price target on shares of GreenSky and gave the company a “hold” rating in a research report on Wednesday, August 7th. Guggenheim cut shares of GreenSky from a “buy” rating to a “neutral” rating and boosted their price target for the company from $13.75 to $13.76 in a research report on Wednesday, May 8th. Finally, Raymond James cut shares of GreenSky from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $12.66.

Several large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in shares of GreenSky by 81.4% in the first quarter. BNP Paribas Arbitrage SA now owns 1,943 shares of the company’s stock valued at $25,000 after buying an additional 872 shares during the last quarter. Cowen Prime Services LLC increased its stake in shares of GreenSky by 100.0% during the first quarter. Cowen Prime Services LLC now owns 4,000 shares of the company’s stock worth $52,000 after acquiring an additional 2,000 shares during the period. Sterling Investment Advisors Ltd. increased its stake in shares of GreenSky by 100.0% during the first quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock worth $52,000 after acquiring an additional 2,000 shares during the period. Advisor Group Inc. increased its stake in shares of GreenSky by 140.1% during the fourth quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock worth $34,000 after acquiring an additional 2,011 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of GreenSky by 16.8% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 14,600 shares of the company’s stock worth $189,000 after acquiring an additional 2,100 shares during the period. 37.72% of the stock is owned by institutional investors and hedge funds.

Shares of GreenSky stock traded up $0.05 during trading on Thursday, hitting $7.30. 955,800 shares of the stock were exchanged, compared to its average volume of 1,344,725. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 104.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.92. The firm’s 50-day moving average price is $10.21 and its 200 day moving average price is $11.98. GreenSky has a 12-month low of $5.74 and a 12-month high of $21.70.

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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Earnings History and Estimates for GreenSky (NASDAQ:GSKY)

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