GreenSky, Inc. (NASDAQ:GSKY) is reporting third quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, GSKY is expected to report 3Q20 income of $ 0.10 per share from revenue of $ 149.97 million.
For the full year, analysts anticipate top line of $ 546.50 million, while looking forward to income of $ 0.18 per share bottom line.
Previous Quarter Performance
GreenSky, Inc. disclosed income for the second quarter of $ 0.06 per share, from the revenue of $ 132.96 million. The quarterly earnings contracted 60.00 percent while revenues shrunk 4.14 percent compared with the same quarter last year.
According to street consensus, GSKY was expected to report 2Q20 loss of $ 0.02 per share from revenue of $ 105.12 million. The bottom line results beat street analysts by $ 0.08 or 400.00 percent, at the same time, top line results outshined analysts by $ 27.84 million or 26.48 percent.
Stock Performance
On Friday, shares of GreenSky, Inc. has traded high as $ 4.57 and has cracked $ 4.05 on the downward trend, reaching $ 4.22 with volume of 2.71 million shares.
According to the previous trading day, closing price of $ 4.22, representing a 47.87 % increase from the 52 week low of $ 3.05 and a 54.17 % decrease over the 52 week high of $ 9.84.
The company has a market capital of $ 769.67 million and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 7th October 2020, initiated by Stephens at Underweight rating, with $ 3.50 target price.
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. The company was incorporated in 2017 and is headquartered in Atlanta, Georgia.
