We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stay Ahead of the Game With Green Dot (GDOT) Q2 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Green Dot (GDOT - Free Report) to post quarterly earnings of $0.28 per share in its upcoming report, which indicates a year-over-year decline of 24.3%. Revenues are expected to be $370.93 million, up 2.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Green Dot metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Operating Revenues- Cash processing revenues' will reach $53.14 million. The estimate indicates a year-over-year change of -1.3%.
The average prediction of analysts places 'Operating Revenues- Consumer Services' at $101.73 million. The estimate indicates a change of -21.2% from the prior-year quarter.
The consensus among analysts is that 'Operating Revenues- Interchange revenues' will reach $51.91 million. The estimate indicates a year-over-year change of -13.4%.
According to the collective judgment of analysts, 'Operating Revenues- Money Movement Services' should come in at $48.40 million. The estimate points to a change of -3.2% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Interest income, net' of $7.79 million. The estimate suggests a change of -21.8% year over year.
Analysts forecast 'Operating Revenues- Card revenues and other fees' to reach $253.18 million. The estimate indicates a year-over-year change of +4.6%.
Analysts' assessment points toward 'Operating Revenues- B2B Services' reaching $225.68 million. The estimate indicates a year-over-year change of +24.9%.
The consensus estimate for 'Segment Profit- Consumer Services' stands at $36.60 million. Compared to the present estimate, the company reported $44.27 million in the same quarter last year.
Analysts expect 'Segment Profit- Money Movement Services' to come in at $27.15 million. Compared to the current estimate, the company reported $29.77 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Segment Profit- B2B Services' should arrive at $19.32 million. Compared to the current estimate, the company reported $17.71 million in the same quarter of the previous year.
Over the past month, Green Dot shares have recorded returns of -5.8% versus the Zacks S&P 500 composite's -5.9% change. Based on its Zacks Rank #3 (Hold), GDOT will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stay Ahead of the Game With Green Dot (GDOT) Q2 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts expect Green Dot (GDOT - Free Report) to post quarterly earnings of $0.28 per share in its upcoming report, which indicates a year-over-year decline of 24.3%. Revenues are expected to be $370.93 million, up 2.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Green Dot metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Operating Revenues- Cash processing revenues' will reach $53.14 million. The estimate indicates a year-over-year change of -1.3%.
The average prediction of analysts places 'Operating Revenues- Consumer Services' at $101.73 million. The estimate indicates a change of -21.2% from the prior-year quarter.
The consensus among analysts is that 'Operating Revenues- Interchange revenues' will reach $51.91 million. The estimate indicates a year-over-year change of -13.4%.
According to the collective judgment of analysts, 'Operating Revenues- Money Movement Services' should come in at $48.40 million. The estimate points to a change of -3.2% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Interest income, net' of $7.79 million. The estimate suggests a change of -21.8% year over year.
Analysts forecast 'Operating Revenues- Card revenues and other fees' to reach $253.18 million. The estimate indicates a year-over-year change of +4.6%.
Analysts' assessment points toward 'Operating Revenues- B2B Services' reaching $225.68 million. The estimate indicates a year-over-year change of +24.9%.
The consensus estimate for 'Segment Profit- Consumer Services' stands at $36.60 million. Compared to the present estimate, the company reported $44.27 million in the same quarter last year.
Analysts expect 'Segment Profit- Money Movement Services' to come in at $27.15 million. Compared to the current estimate, the company reported $29.77 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Segment Profit- B2B Services' should arrive at $19.32 million. Compared to the current estimate, the company reported $17.71 million in the same quarter of the previous year.
View all Key Company Metrics for Green Dot here>>>
Over the past month, Green Dot shares have recorded returns of -5.8% versus the Zacks S&P 500 composite's -5.9% change. Based on its Zacks Rank #3 (Hold), GDOT will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>