Green Dot (NYSE:GDOT) Updates FY 2024 Earnings Guidance

Green Dot (NYSE:GDOT) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.450-1.450 for the period, compared to the consensus earnings per share estimate of 1.510. The company issued revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus revenue estimate of $1.6 billion. Green Dot also updated its FY24 guidance to $1.45-$1.59 EPS.

Analysts Set New Price Targets

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

Green Dot Stock Up 13.6 %

Shares of GDOT traded up $1.20 during mid-day trading on Friday, hitting $10.05. 619,667 shares of the company traded hands, compared to its average volume of 598,660. Green Dot has a 1-year low of $7.30 and a 1-year high of $16.45. The company has a market capitalization of $534.76 million, a PE ratio of -21.38 and a beta of 0.96. The business has a 50 day moving average of $9.48 and a 200 day moving average of $9.14.

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 analysts’ consensus estimates of $0.61 by ($0.15). The firm had revenue of $447.42 million during the quarter, compared to analysts’ expectations of $415.70 million. Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. As a group, research analysts expect that Green Dot will post 1.03 EPS for the current fiscal year.

Green Dot Company Profile

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.