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Green Dot (GDOT)
NYSE:GDOT
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.35Last Year’s EPS
$0.14Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -18.70%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in non-GAAP revenue and adjusted EBITDA, driven by the B2B segment and strategic initiatives like the launch of 'Arc by Green Dot.' However, persistent challenges in the retail channel and the staffing industry impacted performance, leading to a slight lowering of adjusted EBITDA guidance. Overall, the sentiment is cautiously optimistic with clear areas of strength and ongoing challenges.Company Guidance
During the third quarter of 2024, Green Dot Corporation reported a 16% increase in non-GAAP revenue and a 19% rise in adjusted EBITDA, marking the strongest growth in these metrics in over two years. However, the company modestly lowered its adjusted EBITDA guidance for 2024 due to prolonged challenges in the retail channel. Despite this, Green Dot raised the low end of its non-GAAP revenue guidance to a range of $1.65 billion to $1.7 billion. The Consumer Services segment faced revenue pressures, yet showed stability with sequential growth in active accounts. The B2B segment, driven by its Banking-as-a-Service (BaaS) offerings, exhibited revenue growth, particularly with the launch of the "Arc by Green Dot" brand. The Money Movement segment experienced slight revenue declines, but third-party transactions grew in double digits. For the full year, Green Dot anticipates adjusted EBITDA between $164 million and $166 million, with non-GAAP EPS projected at $1.33 to $1.36.Strong Non-GAAP Revenue and Adjusted EBITDA Growth
Non-GAAP revenue increased by 16% and adjusted EBITDA grew by 19%, marking the strongest growth in these metrics in over two years, primarily driven by the B2B segment.
Launch of 'Arc by Green Dot'
The launch of Arc, an embedded finance brand powered by a secure, scalable platform, represents a major milestone in Green Dot's journey to establish itself as a leader in embedded finance.
Improved Consumer Services Segment Performance
Despite ongoing challenges, active accounts in the retail channel grew sequentially during a seasonally slow period, and the decline in active accounts year-over-year slowed due to the PLS partnership launch.
B2B Segment Momentum
The B2B segment experienced revenue growth driven by a significant BaaS partner, with key metrics such as purchase volume and active accounts improving.
Positive Outlook for Fourth Quarter
The company anticipates a modest acceleration in revenue growth and an increase in adjusted EBITDA margins by 200 to 300 basis points in the fourth quarter.
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GDOT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GDOT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $13.10 | $10.90 | -16.79% |
| Aug 08, 2024 | $8.85 | $10.05 | +13.56% |
| May 09, 2024 | $9.93 | $9.52 | -4.13% |
| Feb 27, 2024 | $8.79 | $8.32 | -5.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Green Dot (GDOT) report earnings?
Green Dot (GDOT) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Green Dot (GDOT) earnings time?
Green Dot (GDOT) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GDOT EPS forecast?
GDOT EPS forecast for the fiscal quarter 2024 (Q4) is $0.35.
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