Pathward Financial(CASH)

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Pathward Financial (CASH) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-04-22 22:25
Core Viewpoint - Pathward Financial (CASH) reported quarterly earnings of $3.11 per share, exceeding the Zacks Consensus Estimate of $2.71 per share, and showing an increase from $2.56 per share a year ago, indicating a strong performance in the recent quarter [1][2] Financial Performance - The company achieved revenues of $262.87 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.24% and up from $247.25 million year-over-year [2] - Pathward has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Stock Performance - Pathward shares have declined approximately 4.4% since the beginning of the year, while the S&P 500 has seen a decline of 12.3%, indicating relative outperformance [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at $1.82 for the coming quarter and $7.55 for the current fiscal year [4][7] - The estimate revisions trend for Pathward is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Banks - Northeast industry, to which Pathward belongs, is currently ranked in the top 25% of over 250 Zacks industries, indicating a favorable industry outlook [8]
Pathward Financial(CASH) - 2025 Q2 - Earnings Call Transcript
2025-04-22 22:00
Pathward Financial (CASH) Q2 2025 Earnings Call April 22, 2025 05:00 PM ET Company Participants Darby Schoenfeld - senior vice president & Chief of Staff and Investor RelationsBrett Pharr - CEOGreg Sigrist - CFOFrank Schiraldi - Managing DirectorJoseph Yanchunis - Senior Equity Research AssociateTim Switzer - Vice President Operator Sorry for the delay. Thanks, ladies and gentlemen, for standing by, and welcome to PathWave Financial's Second Quarter twenty twenty five Earnings Conference Call. During the pr ...
Pathward Financial(CASH) - 2025 Q2 - Earnings Call Transcript
2025-04-22 21:00
Pathward Financial, Inc. (CASH) Q2 2025 Earnings Conference Call April 22, 2025 05:00 PM ET Company Participants Darby Schoenfeld - Senior Vice President of Investor RelationsBrett Farr - Chief Executive OfficerGreg Sigrist - Chief Financial OfficerOperator - Conference Call Operator Conference Call Participants Frank Chiraldi - Analyst, Piper SandlerJoe Yakunas - Analyst, Raymond JamesTim Switzer - Analyst, KBW Operator Sorry for the delay. Thanks, ladies and gentlemen, for standing by. And welcome to Path ...
Pathward Financial(CASH) - 2025 Q2 - Quarterly Results
2025-04-22 20:10
Exhibit 99.1 PATHWARD FINANCIAL, INC. ANNOUNCES RESULTS FOR 2025 FISCAL SECOND QUARTER Sioux Falls, S.D., April 22, 2025 - Pathward Financial, Inc. ("Pathward Financial" or the "Company") (Nasdaq: CASH) reported net income of $74.3 million, or $3.11 per share, for the three months ended March 31, 2025, compared to net income of $65.3 million, or $2.56 per share, for the three months ended March 31, 2024. CEO Brett Pharr said, "At the halfway point for the fiscal year, our businesses are healthy, and we are ...
PERMIAN BASIN ROYALTY TRUST ANNOUNCES APRIL CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES
Prnewswire· 2025-04-17 12:00
DALLAS, April 17, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.019615 per unit, payable on May 14, 2025, to unit holders of record on April 30, 2025. The distribution does not include proceeds from the Waddell Ranch properties, as total production costs ("Production Costs") exceeded gross proceeds ("Gross Proceeds") for the month of Ma ...
CROSS TIMBERS ROYALTY TRUST DECLARES APRIL CASH DISTRIBUTION
Prnewswire· 2025-04-17 12:00
DALLAS, April 17, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the "Trust") (NYSE: CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.032110 per unit, payable on May 14, 2025, to unitholders of record on April 30, 2025. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions. Underlying Sales Volumes (a) Average Price ...
Pathward Financial (CASH) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-04-15 15:06
Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Pathward Financial, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Pathward Financial is expected to report quarterly earnings of $2.71 per share, reflecting a +5.9% change year-over-year, with revenues projected at $257.11 million, up 4% from the previous year [3]. - The earnings report is scheduled for April 22, 2025, and could influence stock movement based on whether results exceed or fall short of expectations [2]. Estimate Revisions - The consensus EPS estimate has been revised 1.89% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with positive readings being more reliable [7][8]. - Pathward's current Zacks Rank is 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - Pathward has a history of beating consensus EPS estimates, having done so in the last four quarters, including a +13.16% surprise in the last reported quarter [12][13]. Conclusion - While Pathward does not appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16].
SIGMA LITHIUM ACHIEVES 1Q25 PRODUCTION TARGET WITH 68,300t OF QUINTUPLE ZERO GREEN LITHIUM, MAINTAINING CASH GENERATION, COSTS IN LINE WITH GUIDANCE
Prnewswire· 2025-04-04 21:25
Core Viewpoint - Sigma Lithium Corporation has successfully completed the first quarter of 2025, achieving production volumes of 68,000 tonnes of Quintuple Zero Green Lithium, meeting its production targets and expecting to continue this trend throughout the year [1][4][5]. Production and Sales Performance - In the week of April 7, 2025, Sigma Lithium will load 29,000 tonnes of Quintuple Zero Green Lithium, fully sold to International Resource Holdings, bringing total shipments to 76,000 tonnes for the quarter [2]. - The company has demonstrated strong production and sales performance, maintaining operational efficiency and low-cost positioning, which is crucial for navigating the current lithium price environment [3][5]. Financial Outlook - Sigma Lithium expects to generate consistent cash flows and maintain healthy margins, with all-in sustaining costs (ASIC) aligning with guidance [3]. - The company's cost structure supports cash flows with every ton sold, enhancing liquidity stability [5]. Production Capacity and Sustainability - Sigma Lithium operates one of the largest lithium production sites globally, with an annual production capacity of 270,000 tonnes of lithium oxide concentrate, and is constructing a second plant to double this capacity to 520,000 tonnes [6][7]. - The company is committed to environmental and social sustainability, producing net-zero carbon lithium with no dirty power, potable water, toxic chemicals, or tailings dams [6].
GOODPEAK BEGINS CONSTRUCTION ON ERCOT BATTERY STORAGE PROJECTS AFTER SECURING CONSTRUCTION DEBT FINANCING
Prnewswire· 2025-04-03 17:00
Company Overview - GoodPeak is a rapidly growing utility-scale battery energy storage and solar platform focused on developing, building, owning, and operating assets in high-value, capacity-constrained locations with advantaged economics [3][6] - The company is backed by a deep network of industry leaders, including prominent founders, executives, investors, family offices, and advisors in the power and renewables sector [3][6] Recent Developments - GoodPeak announced the closing of construction credit facilities with Pathward®, N.A. and BridgePeak Energy Capital, enabling the commencement of construction of its first two 10-MW (2-hour duration) energy storage projects near Houston, Texas, which are expected to come online at the end of 2025 [1][5] - The company anticipates significant expansion in 2025 and beyond, with plans to diversify its development pipeline to include larger projects, integrated power generation, and data center development opportunities [2] Strategic Appointments - GoodPeak appointed PJ Fielding and Dana Frix to its Board of Directors, bringing deep expertise in infrastructure, renewables, private equity, regulatory strategy, and development to guide the company's expansion efforts [4] Financial Backing - The company secured $22 million in construction debt financing from Pathward and BridgePeak, along with growth equity investment from strategic investor Current Equity Partners [7][8] - Current Equity Partners aims to support the infrastructure build-out of the new digital economy, leveraging decades of combined experience in asset management and private equity [8] Industry Impact - GoodPeak's projects are designed to enhance grid reliability, support renewable energy integration, and strengthen the Texas energy infrastructure, addressing the challenges posed by increasing electricity demand driven by AI and data centers [5][6]
A Survey by Spruce Reveals Social Media's Growing Influence on Gen Z's Financial Decisions, Highlighting a Generational Divide in Learning about Money
GlobeNewswire News Room· 2025-03-31 13:00
Core Insights - April is designated as National Financial Literacy Month, emphasizing the importance of financial education and healthy financial habits in a technology-driven landscape [1][2] - A survey by Spruce reveals a generational shift in financial education, with younger consumers, especially Gen Z, increasingly relying on social media for financial tips, while older generations prefer traditional sources [2][4] Group 1: Financial Education Trends - Nearly 70% of Gen Z are influenced by financial trends on social media, indicating a willingness to improve financial knowledge but highlighting the challenge of discerning valid information [3][9] - Traditional sources of financial education, such as family and banking institutions, remain prevalent, with 31% of respondents citing family and 29% citing banks as primary sources [8] - Only 13% of respondents reported learning about personal finance in school, indicating a significant gap in formal financial education [8] Group 2: Impact of Social Media - 16% of all respondents look to social media for financial education, with platforms like TikTok (39%) and Instagram (34%) being the most popular among Gen Z [6][8] - Viral financial trends, such as soft saving and cash stuffing, have influenced 37% of respondents to try finance trends discovered online [5][9] - The influence of social media on financial behavior varies by generation, with 68% of Gen Z, 51% of Millennials, and 27% of Gen X reporting being inspired by social media finance trends [9] Group 3: Digital Tools and Financial Management - Online financial tools and apps are essential for money management, particularly among Millennials and Gen Z, with 38% using them for credit score monitoring and 29% for budgeting [10][11] - 66% of Gen Z express low confidence in making major financial decisions without digital assistance, underscoring the growing reliance on technology for financial management [11] - The survey indicates that 70% of American households are striving for financial health, emphasizing the need for accessible financial resources [12]