Green Dot (NYSE:GDOT) Issues FY 2025 Earnings Guidance

Key Points

• Green Dot has provided FY 2025 earnings guidance with EPS expectations ranging from 1.280 to 1.420, exceeding the consensus EPS estimate of 1.240.
• The company anticipates revenue in the range of $2.0 billion to $2.1 billion, slightly below the consensus revenue estimate of $2.1 billion.
• Analysts have shown mixed sentiment towards GDOT, with a consensus rating of “Moderate Buy” and a target price increase from $11.00 to $12.00 by Keefe, Bruyette & Woods.

Green Dot (NYSE:GDOT - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 1.280-1.420 for the period, compared to the consensus EPS estimate of 1.240. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

Green Dot Price Performance

GDOT stock traded up $0.21 during midday trading on Monday, reaching $9.85. The stock had a trading volume of 1,345,260 shares, compared to its average volume of 828,466. The company's fifty day simple moving average is $10.30 and its 200 day simple moving average is $9.04. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.07. The company has a market cap of $540.62 million, a price-to-earnings ratio of -75.76 and a beta of 0.75. Green Dot has a 52-week low of $6.12 and a 52-week high of $13.58.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.70 by $0.36. The business had revenue of $555.96 million for the quarter, compared to analyst estimates of $503.20 million. Green Dot had a positive return on equity of 8.82% and a negative net margin of 0.31%. The company's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. As a group, sell-side analysts predict that Green Dot will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GDOT has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. Barclays boosted their price objective on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Finally, Wall Street Zen raised Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in Green Dot by 235.6% in the first quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider's stock valued at $3,777,000 after purchasing an additional 314,208 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Green Dot by 7.2% in the first quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider's stock valued at $1,679,000 after acquiring an additional 13,437 shares in the last quarter. Creative Planning purchased a new stake in shares of Green Dot in the second quarter valued at $287,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Green Dot by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in Green Dot during the first quarter worth about $96,000. Institutional investors and hedge funds own 92.56% of the company's stock.

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.

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