Green Dot Q1 2024 Adj EPS $0.59 Misses $0.73 Estimate, Sales $447.423M Beat $420.694M Estimate
Portfolio Pulse from Benzinga Newsdesk
Green Dot (NYSE:GDOT) reported Q1 2024 earnings of $0.59 per share, missing the consensus estimate of $0.73, a 40.4% decrease from the previous year. However, sales of $447.423M exceeded estimates by 6.35%, marking an 8.50% increase from the previous year.
May 09, 2024 | 9:36 pm
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NEUTRAL IMPACT
Green Dot reported lower-than-expected Q1 2024 earnings per share but exceeded sales estimates, indicating mixed financial performance.
The miss in earnings per share (EPS) expectations could negatively impact investor sentiment and stock price in the short term. However, the beat on sales estimates and year-over-year sales growth could offset some of the negative impact, leading to a neutral short-term price direction.
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IMPORTANCE 90
RELEVANCE 100