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Green Dot (GDOT) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Green Dot (GDOT - Free Report) reported revenue of $402.56 million, up 11.5% over the same period last year. EPS came in at $0.25, compared to $0.37 in the year-ago quarter.
The reported revenue represents a surprise of +8.53% over the Zacks Consensus Estimate of $370.93 million. With the consensus EPS estimate being $0.28, the EPS surprise was -10.71%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Green Dot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Revenues- Cash processing revenues
: $56.74 million versus the two-analyst average estimate of $53.14 million. The reported number represents a year-over-year change of +5.4%.
Operating Revenues- Corporate and Other
: $0.92 million versus $0.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -35.7% change.
Operating Revenues- Consumer Services
: $96.62 million compared to the $101.73 million average estimate based on two analysts. The reported number represents a change of -25.2% year over year.
Operating Revenues- Interchange revenues
: $49.59 million versus the two-analyst average estimate of $51.91 million. The reported number represents a year-over-year change of -17.3%.
Operating Revenues- Money Movement Services
: $52.96 million compared to the $48.40 million average estimate based on two analysts. The reported number represents a change of +6% year over year.
Operating Revenues- Interest income, net
: $14.67 million versus $7.79 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +47.3% change.
Operating Revenues- Card revenues and other fees
: $286.13 million versus $253.18 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +18.2% change.
Operating Revenues- B2B Services
: $252.06 million versus the two-analyst average estimate of $225.68 million. The reported number represents a year-over-year change of +39.5%.
Segment Profit- Consumer Services
: $34.45 million versus the two-analyst average estimate of $36.60 million.
Segment Profit- Corporate and Other
: -$54.82 million compared to the -$46.73 million average estimate based on two analysts.
Segment Profit- Money Movement Services
: $35.29 million versus $27.15 million estimated by two analysts on average.
Segment Profit- B2B Services
: $19.08 million compared to the $19.32 million average estimate based on two analysts.
Shares of Green Dot have returned -6.8% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended June 2024, Green Dot (GDOT - Free Report) reported revenue of $402.56 million, up 11.5% over the same period last year. EPS came in at $0.25, compared to $0.37 in the year-ago quarter.
The reported revenue represents a surprise of +8.53% over the Zacks Consensus Estimate of $370.93 million. With the consensus EPS estimate being $0.28, the EPS surprise was -10.71%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Green Dot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Green Dot here>>>Operating Revenues- Cash processing revenues
: $56.74 million versus the two-analyst average estimate of $53.14 million. The reported number represents a year-over-year change of +5.4%.Operating Revenues- Corporate and Other
: $0.92 million versus $0.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -35.7% change.Operating Revenues- Consumer Services
: $96.62 million compared to the $101.73 million average estimate based on two analysts. The reported number represents a change of -25.2% year over year.Operating Revenues- Interchange revenues
: $49.59 million versus the two-analyst average estimate of $51.91 million. The reported number represents a year-over-year change of -17.3%.Operating Revenues- Money Movement Services
: $52.96 million compared to the $48.40 million average estimate based on two analysts. The reported number represents a change of +6% year over year.Operating Revenues- Interest income, net
: $14.67 million versus $7.79 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +47.3% change.Operating Revenues- Card revenues and other fees
: $286.13 million versus $253.18 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +18.2% change.Operating Revenues- B2B Services
: $252.06 million versus the two-analyst average estimate of $225.68 million. The reported number represents a year-over-year change of +39.5%.Segment Profit- Consumer Services
: $34.45 million versus the two-analyst average estimate of $36.60 million.Segment Profit- Corporate and Other
: -$54.82 million compared to the -$46.73 million average estimate based on two analysts.Segment Profit- Money Movement Services
: $35.29 million versus $27.15 million estimated by two analysts on average.Segment Profit- B2B Services
: $19.08 million compared to the $19.32 million average estimate based on two analysts.Shares of Green Dot have returned -6.8% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.