GreenSky, Inc. (GSKY) Tops Q4 EPS by 1c, Revenues Beat; Offers FY19 Revenue Guidance Above Consensus

GreenSky, Inc. (NASDAQ: GSKY) reported Q4 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $109.73 million versus the consensus estimate of $103.72 million.

"I am pleased with GreenSky’s solid fiscal 2018 operating results reported, consistent with guidance, and remain enthused with the prospects for continued outstanding growth and profitability as we enter fiscal 2019,” said David Zalik, Chairman and CEO of GreenSky. "GreenSky’s total addressable market is huge, the demand for the Company’s proprietary point-of-sale technology continues to grow, our technology innovation and product road map has never been deeper, and GreenSky has both the capital and human resources in place to post another year of record transaction volume and profitability. Moreover, even after deploying nearly $44 million for share repurchases in the last two months of 2018, GreenSky's liquidity remains strong with over $300 million of unrestricted cash on hand at year end.”

GUIDANCE:

GreenSky, Inc. sees FY2019 revenue of $538-572 million, versus the consensus of $531.77 million.

Based on the Company\'s fiscal 2018 performance, its fiscal 2019 planning and current market conditions, GreenSky reaffirms the fiscal 2019 guidance that it issued on November 6, 2018 and, in that regard, expects to achieve the following during fiscal 2019:

• Transaction Volume to increase 27% to 35% over fiscal 2018 to between $6.4 and $6.8 billion.
• Revenue to grow between 30% and 38% over fiscal 2018 to between $538 and $572 million.
• Pro Forma Net Income to grow between 17% and 28% over fiscal 2018 to between $128 and $140 million using an assumed 22.5% effective tax rate.
• Adjusted EBITDA to grow between 22% and 31% over fiscal 2018 to between $210 and $225 million.
• Average fully diluted shares outstanding in fiscal 2019 of approximately 185 million.

For earnings history and earnings-related data on GreenSky, Inc. (GSKY) click here.

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