Dave Inc reports results for the quarter ended in January - Earnings Summary

Dave

06/08/2024 22:01

* Dave Inc  DAVE.OQ  reported quarterly adjusted earnings of
47
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$-1.32.  The mean expectation of three analysts for the quarter
was for a loss of 18 cents per share. Wall Street expected
results to range from -47 cents to 18 cents per share.
    * Revenue rose 30.8% to $80.10 million from a year ago;
analysts
expected $75.50 million. 
    * Dave Inc's reported EPS for the quarter was 47 cents​.
    * The company reported quarterly net income of $6.4 million.
    * Dave Inc shares had risen by 0.9% this quarter and
gained 264.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Dave Inc is
$65.00 
This summary was machine generated from LSEG data August 6 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.18          0.47           Beat
 Mar. 31 2024      -0.28          0.12           Beat