Green Dot Stock (NYSE:GDOT), Trade Ideas

Green Dot

Green Dot Corp is a financial technology company that provides financial services for consumers in the United States without good banking options. It has three segments Consumer Services, Business to Business Services(B2B), and Money Movement Services. The company generates maximum revenue from B2B segment. Its B2B Services segment consists of revenues and expenses derived from (i) its partnerships with prominent consumer and technology companies that make banking products and services available to their consumers, partners and workforce through integration with its banking platform (the "Banking-as-a-Service", or "BaaS channel"), and (ii) a comprehensive payroll platform that it offers to corporate enterprises (the "Employer channel") to facilitate payments for today's workforce.

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Green Dot Corporation Class A Common Stock, $0.001 par value

Green Dot Corp

<p>Keefe, Bruyette &amp; Woods  analyst Timothy Switzer   maintains Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) with a Market Perform and lowers the price target from $12.5 to $11.</p>


Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Market Perform on Green Dot, Lowers Price Target to $11

<p>Truist Securities  analyst Andrew Quail   maintains Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) with a Buy and raises the price target from $10 to $11.</p>


Truist Securities Maintains Buy on Green Dot, Raises Price Target to $11

<p>Keefe, Bruyette &amp; Woods  analyst Timothy Switzer   maintains Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) with a Market Perform and lowers the price target from $15 to $12.5.</p>


Keefe, Bruyette & Woods Maintains Market Perform on Green Dot, Lowers Price Target to $12.5

WIIM

Green Dot shares are trading lower after the company reported mixed Q4 financial results and issued FY24 adjusted EPS guidance below estimates.

Guidance

Green Dot Sees FY24 Adj. EPS $1.45-$1.59 Vs $1.88 Est.; Revenue $1.55B-$1.60B Vs $1.519B Est.

<p><strong>Green Dot</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) reported its Q4 earnings results on Tuesday, February 27, 2024 at 04:05 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Green Dot missed estimated earnings by -18.0%, reporting an EPS of $0.14 versus an estimate of $0.17.</p>
<p>Revenue was up $25.09 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.07 which was followed by a 34.0% drop in the share price the next day.</p>
<p>Here's a look at Green Dot's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.21</td>
<td>0.36</td>
<td>0.80</td>
<td>0.22</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.14</td>
<td>0.37</td>
<td>0.99</td>
<td>0.34</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>335.22M</td>
<td>335.10M</td>
<td>387.66M</td>
<td>322.58M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>348.57M</td>
<td>361.14M</td>
<td>412.36M</td>
<td>336.63M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Green Dot <a href="https://www.benzinga.com/quote/GDOT/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings

Green Dot: Q4 Earnings Insights

<p>Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.17 by 17.65 percent.  The company reported quarterly sales of $361.72 million which beat the analyst consensus estimate of $351.87 million by 2.80 percent.  This is a 7.45 percent increase over sales of $336.63 million the same period last year.</p>


Earnings Beats

Earnings Misses

Green Dot Q4 2023 Adj EPS $0.14 Misses $0.17 Estimate, Sales $361.72M Beat $351.87M Estimate

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Earnings Scheduled For February 27, 2024

<p><strong>Green Dot</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-27. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Green Dot will report an <strong>earnings per share</strong> (EPS) of $0.17. </p>
<p>Green Dot bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.07, which was followed by a 34.41% drop in the share price the next day.</p>
<p>Here's a look at Green Dot's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.21</td>
<td>0.36</td>
<td>0.80</td>
<td>0.22</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.14</td>
<td>0.37</td>
<td>0.99</td>
<td>0.34</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-34.0%</td>
<td>-14.000000000000002%</td>
<td>13.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708970464_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Green Dot were trading at $8.42 as of February 23. Over the last 52-week period, shares are down 55.47%.  Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/GDOT/earnings"><strong>To track all earnings releases for Green Dot visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Outlook For Green Dot

<p>Within the last quarter, Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) has observed the following analyst ratings: </p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>According to 5 analyst offering 12-month price targets in the last 3 months, Green Dot has an average price target of $12.8 with a high of $17.00 and a low of $7.00. </p>
<p>Below is a summary of how these 5 analysts rated Green Dot over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1702569636_0.png" alt="price target chart" /></p>
<p>This current average represents a 36.0% decrease from the previous average price target of $20.00. </p>
<p><a href="https://www.benzinga.com/quote/GDOT/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Green Dot analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h1>What Are Analyst Ratings?</h1>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Expectations for Green Dot's Future

<p>Barclays  analyst Ramsey El-Assal   downgrades Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) from Equal-Weight to Underweight and announces $7 price target.</p>


Downgrades

Barclays Downgrades Green Dot to Underweight, Announces $7 Price Target

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