Green Dot (NYSE:GDOT – Get Free Report) issued an update to its fiscal 2024 earnings guidance on Thursday morning. The company provided EPS guidance for the period of $1.450-$1.450, compared to the consensus estimate of $1.510. The company provided revenue guidance of $1.6 billion-$1.7 billion, compared to the consensus estimate of $1.6 billion. Green Dot also updated its fiscal 2024 guidance to $1.45-$1.59 EPS.
Green Dot trading rises 13.6%
NYSE:GDOT shares rose $1.20 during midday trading on Friday, reaching $10.05. 619,667 shares traded hands, compared to an average volume of 598,660. The stock has a market cap of $534.76 million, a P/E ratio of -21.38 and a beta of 0.96. Green Dot has a twelve-month low of $7.30 and a twelve-month high of $16.45. The company has a 50-day moving average price of $9.48 and a 200-day moving average price of $9.14.
Green Dot (NYSE:GDOT – Get Free Report) last released its quarterly earnings results on Thursday, May 9. The financial services provider reported earnings per share of $0.46 for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). The company had revenue of $447.42 million for the quarter, compared to analyst expectations of $415.70 million. Green Dot had a positive return on equity of 4.48% and a negative net margin of 1.60%. On average, equities analysts expect that Green Dot will post earnings per share of $1.03 for the current year.
Analysts set new price targets
GDOT has been the subject of several research reports lately. Keefe, Bruyette & Woods reiterated their market perform rating and set a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd. StockNews.com upgraded Green Dot from a sell rating to a hold rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company’s stock. According to MarketBeat, Green Dot currently has an average hold rating and an average price target of $10.75.
Read our latest research report on the Green Dot
Green Dot Company Profile
(Get free report)
Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. The Company operates through three segments: Consumer Services, Business-to-Business Services, and Money Movement Services. The Company offers deposit account programs, including consumer and small business checking account products, reloadable prepaid debit cards and network-branded gift cards, and secured lending programs.
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