The Federal Reserve appears set to begin cutting interest rates in September. In fact, the cuts may be rather aggressive, with some traders starting to bet on 50 rather than 25 basis point cuts to try to support the job market. At first glance, this might seem like good news for financial stocks. After all, the prior rapid increase in interest rates led to unfortunate side effects such as deposit flight and regional bank failures in 2023. So, reversing that could ease some tensions. But interest rate cuts a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |--------------------------------------------------|---------------------------------| | | | | For the transition period from | to _______ | | Commission file number: | 001-401 ...

Exhibit 99.1 Dave Reports Record Second Quarter 2024 Results Record Q2 Revenue up 31% Y/Y to $80.1 Million; Y/Y Revenue Growth Accelerates for Third Consecutive Quarter Q2 GAAP Net Income Increases $29.0 Million Y/Y to $6.4 Million and Adj. EBITDA Increases $28.3 Million Y/Y to $15.2 Million Dave Raises 2024 Adjusted EBITDA Guidance to $40-$50 Million LOS ANGELES, CA – August 5, 2024 – Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, today reported its financial resu ...

Media Contact Dan Ury press@dave.com "We are closely monitoring the recently proposed interpretive ruling from the CFPB around paycheck advance and earned wage access ("EWA"), a model which Dave was originally founded on, but transitioned away from beginning in 2022 due to a lack of certainty around the regulations," said Jason Wilk, Founder and CEO of Dave. "Dave's ExtraCash product is structured as a bank-originated overdraft with optional fees, which combats the excessive fees found at incumbent banks. A ...

About Dave Investor Relations Contact Sean Mansouri, CFA Elevate IR DAVE@elevate-ir.com LOS ANGELES, July 18, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (Nasdaq: DAVE), one of the nation's leading neobanks, today issued a statement regarding a proposal from the Consumer Financial Protection Bureau ("CFPB"): Forward-Looking Statements Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in ...

This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +106.3%. Revenues are expected to be $75.8 million, up 23.8% from the year-ago quarter. For Rackspace, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.11. This represents a change of -83.3% from what the company reported a year ago. Rackspace currently has a Zacks Rank of #3 (Hold). For DAVE INC, the consensus EPS esti ...

r b F 0 lies 0 -1 : 4 I I T Stock Chart From IPO (Seeking Alpha) Long-Term Store Growth Still Continues Long-term potential is seen at 550 stores as told in the 2023 investor day, showing confidence in a long runway. The store investments do take up significant capital and slow the potential ramp-up down, though, with capital expenditures of $330.2 million in FY2023. Dave & Buster's Valuation Has Some Upside The estimates put Dave & Buster's fair value estimate at $53.97, 21% above the stock price at the ti ...

Key Takeaways Dave & Buster's Entertainment (PLAY) shares slumped more than 10% in premarket trading on Thursday after the restaurant and entertainment chain posted quarterly results that fell short of expectations amid challenging economic conditions weighing on consumer demand. Breaking down the top line, the company's entertainment revenue, which makes up about two-thirds of net sales, fell 1.9% to $385.7 million, while revenue in its food and beverage business tallied $202.4 million, down from $204.2 mi ...

tupungato/iStock Editorial via Getty Images Dave & Buster's (NASDAQ:PLAY) stock dropped 12% premarket as investors didn't appreciate the company missing analyst's estimates. Furthermore, its earnings call lacked focus. This, when combined with a miss on the top line, left investors predisposed towards selling PLAY. A sell first, ask questions later, investment "strategy". However, I maintain that Dave & Buster's comparables will naturally improve starting fiscal Q2, which will overshadow its lackluster and ...

Here are some big stocks recording losses in today's pre-market trading session. Loading... U.S. stock futures were mixed this morning, with the Dow futures falling around 100 points on Thursday. Dave & Buster's reported quarterly earnings of $1.12 per share which missed the analyst consensus estimate of $1.70. Quarterly sales clocked in at $588.1 million which missed the analyst consensus estimate of $621.26 million. Comparable store sales decreased 5.6% compared with the same calendar period in 2023, acco ...