Green Dot (GDOT) to Release Earnings on Thursday

Green Dot (NYSE:GDOT) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Green Dot to post earnings of $0.28 per share for the quarter. Green Dot has set its FY24 guidance at $1.45-$1.59 EPS and its FY 2024 guidance at 1.450-1.590 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Green Dot (NYSE:GDOT) last issued its earnings results on Thursday, May 9th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). Green Dot had a positive return on equity of 4.48% and a negative net margin of 1.60%. The firm had revenue of $447.42 million during the quarter, compared to analysts’ expectations of $415.70 million. On average, analysts expect Green Dot to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Green Dot Stock Down 1.5 %

Shares of NYSE GDOT opened at $8.75 on Wednesday. The firm’s fifty day moving average is $9.52 and its 200 day moving average is $9.14. The company has a market cap of $465.32 million, a price-to-earnings ratio of -18.61 and a beta of 0.96. Green Dot has a 52 week low of $7.30 and a 52 week high of $17.16.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GDOT. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a research report on Monday, July 22nd. StockNews.com raised shares of Green Dot from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Green Dot presently has a consensus rating of “Hold” and an average target price of $10.75.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.