Zacks: Brokerages Expect GreenSky Inc (GSKY) Will Announce Earnings of $0.11 Per Share

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Equities analysts expect that GreenSky Inc (NASDAQ:GSKY) will post $0.11 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for GreenSky’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. The business is expected to issue its next quarterly earnings report on Tuesday, February 5th.

According to Zacks, 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 year, analysts anticipate that the company will report earnings of $0.68 per share, with EPS estimates ranging from $0.42 to $0.79. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for GreenSky.

Several research firms have issued reports on GSKY. BTIG Research lowered GreenSky from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research note on Tuesday, November 6th. Raymond James dropped their price objective on GreenSky from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Zacks Investment Research lowered GreenSky from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. Sandler O’Neill upgraded GreenSky from a “hold” rating to a “buy” rating in a research note on Monday, December 10th. Finally, Compass Point lowered GreenSky from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $11.00 in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.62.

NASDAQ:GSKY traded up $0.97 on Monday, hitting $12.02. The company’s stock had a trading volume of 70,924 shares, compared to its average volume of 765,399. GreenSky has a one year low of $8.30 and a one year high of $27.01.

A number of large investors have recently modified their holdings of GSKY. Bank of New York Mellon Corp acquired a new stake in GreenSky during the second quarter worth approximately $886,000. BlackRock Inc. acquired a new stake in shares of GreenSky in the 2nd quarter valued at $27,650,000. Raymond James & Associates acquired a new stake in shares of GreenSky in the 2nd quarter valued at $444,000. Bank of America Corp DE acquired a new stake in shares of GreenSky in the 2nd quarter valued at $1,483,000. Finally, California Public Employees Retirement System acquired a new stake in shares of GreenSky in the 2nd quarter valued at $212,000. 35.62% of the stock is currently owned by institutional investors and hedge funds.

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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