Green Dot Q2 2024 Adj. EPS $0.25 Beats $0.23 Estimate, Adj. Sales $402.556M Beat $385.877M Estimate
Portfolio Pulse from Benzinga Newsdesk
Green Dot (NYSE:GDOT) reported Q2 2024 adjusted EPS of $0.25, beating the $0.23 estimate. Adjusted sales were $402.556M, surpassing the $385.877M estimate. Despite the earnings beat, EPS decreased by 32.43% year-over-year, while sales increased by 11.47%.
August 08, 2024 | 8:12 pm
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Green Dot's Q2 2024 earnings per share of $0.25 beat estimates by 8.7%, and sales of $402.556M exceeded expectations by 4.32%. However, EPS decreased by 32.43% year-over-year, while sales increased by 11.47%.
Green Dot's earnings and sales both beat analyst estimates, which is generally positive for the stock. However, the significant year-over-year decline in EPS may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100