Green Dot (NYSE:GDOT) Issues FY24 Earnings Guidance

Green Dot (NYSE:GDOT) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.45-$1.59 for the period, compared to the consensus estimate of $1.51. Green Dot also updated its FY 2024 guidance to 1.450-1.450 EPS.

Green Dot Trading Up 13.6 %

GDOT traded up $1.20 during trading on Friday, reaching $10.05. The stock had a trading volume of 619,667 shares, compared to its average volume of 598,660. Green Dot has a one year low of $7.30 and a one year high of $16.45. The company has a market capitalization of $534.76 million, a price-to-earnings ratio of -21.38 and a beta of 0.96. The stock’s 50 day moving average is $9.48 and its two-hundred day moving average is $9.14.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. The company had revenue of $447.42 million for the quarter, compared to the consensus estimate of $415.70 million. On average, equities research analysts predict that Green Dot will post 1.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GDOT shares. StockNews.com upgraded Green Dot from a sell rating to a hold rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods restated a market perform rating and set a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus 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.