For its first fiscal quarter (ending March 31), Green Dot Corp (NYSE: GDOT) has reported a -87% decline in E.P.S. from $0.70 a year ago to $0.09 in the current quarter. Relative to the consensus estimate of $0.75, this was a shortfall of $-0.65. E.P.S. were $-0.47 for the latest four quarters through March 31 versus $1.18 for the same period a year ago — a decline of -140%.
Recent Price Action
On 5/9/24, Green Dot Corp (NYSE: GDOT) stock enjoyed a very large increase of 7.5%, closing at $9.93. Trading volume in this advance was normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 9.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GDOT is expected to continue to be a Value Builder.
Green Dot has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Green Dot has a good Appreciation Score of 81 but a very low Power Rating of 5, 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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