Green Dot Sees FY24 Adj. EPS $1.45-$1.59 Vs $1.88 Est.; Revenue $1.55B-$1.60B Vs $1.519B Est.
Portfolio Pulse from Benzinga Newsdesk
Green Dot Corporation projects its FY24 adjusted EPS to be between $1.45 and $1.59, which is below the estimated $1.88. However, its revenue forecast of $1.55B to $1.60B surpasses the estimated $1.519B.
February 27, 2024 | 9:20 pm
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NEUTRAL IMPACT
Green Dot's FY24 EPS forecast is below expectations at $1.45-$1.59 vs. the $1.88 estimate, but revenue projections exceed estimates at $1.55B-$1.60B vs. $1.519B.
The lower than expected EPS forecast for FY24 could negatively impact investor sentiment and potentially the stock price of Green Dot in the short term. However, the higher revenue forecast could offset some of the negative impact by indicating potential growth or market share gains. The mixed nature of this news leads to a neutral score, as the positive revenue outlook may balance out concerns over the EPS miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100