Green Dot Corp reports results for the quarter ended in June - Earnings Summary

Green Dot

08/08/2024 22:58

* Green Dot Corp  GDOT.N  reported quarterly adjusted
earnings of
25 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 37
cents.  The mean expectation of five analysts for the quarter
was for earnings of 23 cents per share. Wall Street expected
results to range from 19 cents to 24 cents per share.
    * Revenue rose 11.3% to $407.12 million from a year ago;
analysts
expected $385.88 million. 
    * Green Dot Corp's reported EPS for the quarter was a loss
of 54
cents​.
    * The company reported a quarterly loss of $28.72 million.
    * Green Dot Corp shares had fallen by 8.1% this quarter and
lost 12.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the consumer
lending
peer group is also "hold"

Wall Street's median 12-month price target for Green Dot Corp is
$10.50 
This summary was machine generated from LSEG data August 8 at
09:57 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
 Jan. 1 0001       0.23           0.25           Beat
 Mar. 31 2024      0.73           0.59           Missed
 Dec. 31 2023      0.17           0.14           Missed
 Jan. 1 0001       0.21           0.14           Missed