Zacks: Analysts Expect GreenSky, Inc. (NASDAQ:GSKY) to Announce $0.13 EPS

Equities research analysts forecast that GreenSky, Inc. (NASDAQ:GSKY) will post $0.13 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for GreenSky’s earnings. The highest EPS estimate is $0.15 and the lowest is $0.11. GreenSky reported earnings per share of $0.03 in the same quarter last year, which would suggest a positive year over year growth rate of 333.3%. The firm is scheduled to issue its next earnings report on Monday, November 8th.

On average, analysts expect that GreenSky will report full year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.60. For the next year, analysts forecast that the firm will report earnings of $0.57 per share, with EPS estimates ranging from $0.47 to $0.63. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow GreenSky.

GreenSky (NASDAQ:GSKY) last posted its quarterly earnings data on Wednesday, July 28th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.20. The company had revenue of $136.52 million for the quarter, compared to analyst estimates of $144.63 million. GreenSky had a negative return on equity of 20.39% and a net margin of 5.50%.

Several equities analysts have recently issued reports on the company. TheStreet raised GreenSky from an “e+” rating to a “c-” rating in a research note on Thursday, July 29th. Stephens raised GreenSky from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $4.00 to $6.00 in a research note on Monday, August 2nd. Citigroup upped their price target on GreenSky from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, September 16th. Finally, Zacks Investment Research upgraded GreenSky from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective for the company in a report on Monday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, GreenSky has an average rating of “Hold” and a consensus price target of $6.08.

Shares of GSKY traded up $0.12 during trading hours on Thursday, hitting $11.51. 12,679,898 shares of the stock traded hands, compared to its average volume of 1,208,684. GreenSky has a 1-year low of $3.34 and a 1-year high of $11.99. The firm has a market capitalization of $2.12 billion, a PE ratio of 29.51 and a beta of 1.71. The business has a fifty day moving average of $7.95 and a 200-day moving average of $6.71.

Several institutional investors have recently made changes to their positions in GSKY. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of GreenSky by 223.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,153,000 shares of the company’s stock worth $11,949,000 after acquiring an additional 1,488,000 shares in the last quarter. Shapiro Capital Management LLC increased its holdings in shares of GreenSky by 11.6% in the first quarter. Shapiro Capital Management LLC now owns 7,842,582 shares of the company’s stock worth $48,546,000 after acquiring an additional 817,436 shares in the last quarter. Millennium Management LLC bought a new stake in shares of GreenSky in the first quarter worth about $2,855,000. Walleye Capital LLC increased its holdings in shares of GreenSky by 27.4% in the first quarter. Walleye Capital LLC now owns 1,738,665 shares of the company’s stock worth $10,762,000 after acquiring an additional 373,421 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of GreenSky by 6.1% in the first quarter. BlackRock Inc. now owns 4,221,470 shares of the company’s stock worth $26,130,000 after acquiring an additional 242,510 shares in the last quarter. Institutional investors own 31.80% of the company’s stock.

About GreenSky

GreenSky, Inc is a technology company. It operates as a lending platform that enables retailers, health-care providers and home contractors to offer loans to their customers. The company was founded by David Zalik in 2006 and is headquartered in Atlanta, GA.

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Earnings History and Estimates for GreenSky (NASDAQ:GSKY)

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