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

Dave

07/05/2024 17:45

* Dave Inc  DAVE.OQ  reported quarterly adjusted earnings of
12
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-1.19.  The lone analyst forecast for the quarter was for a
loss of 28 cents per share. 
    * Revenue rose 24.9% to $73.60 million from a year ago;
analysts
expected $70.75 million. 
    * Dave Inc shares had risen by 25.3% this quarter and
gained 455.0% so far this year.

FORECAST CHANGES
    * 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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is  "buy."

Wall Street's median 12-month price target for Dave Inc is
$57.50 
This summary was machine generated from LSEG data May 7 at 04:45
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
 Mar. 31 2024      -0.28          0.12           Beat
 Jun. 30 2023      -1.97          -1.32          Beat