Alert: New Earnings Report (2/27/24)-Green Dot Corp (NYSE: GDOT).

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Green Dot Corp (NYSE: GDOT) has reported E.P.S. of $-0.45 for its fourth fiscal quarter (ending December 31) versus $0.11 for the same period a year ago — a decline of -509%. This performance was $-0.62 short of the consensus estimate of $0.17. E.P.S. were $0.13 for the latest four quarters through December 31 versus $1.20 for the same period a year ago — a decline of -89%.

Recent Price Action

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On 2/27/24, Green Dot Corp (NYSE: GDOT) stock enjoyed a large increase of 4.8%, closing at $8.79. Moreover, this advance was accompanied by unusually high trading volume at 171% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 3.5% during the last week.

Current PriceTarget Research Rating

GDOT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Green Dot has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Green Dot has a good Appreciation Score of 79 but a very low Power Rating of 4, triggering the Negative Value Trend Rating.

Rating Review

In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

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