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 EPS guidance of $1.45-$1.59 for the period, compared to the consensus EPS estimate of $1.51. Green Dot also updated its FY 2024 guidance to 1.450-1.450 EPS.

Green Dot Price Performance

Shares of NYSE:GDOT traded up $1.20 during midday trading on Friday, hitting $10.05. The company had a trading volume of 619,667 shares, compared to its average volume of 598,660. The company has a fifty day moving average of $9.48 and a two-hundred day moving average of $9.14. The company has a market cap of $534.76 million, a price-to-earnings ratio of -21.38 and a beta of 0.96. Green Dot has a 12-month low of $7.30 and a 12-month high of $16.45.

Green Dot (NYSE:GDOT) last announced its quarterly 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 business had revenue of $447.42 million during the quarter, compared to the consensus estimate of $415.70 million. Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. Research analysts expect that Green Dot will post 1.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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