Wall Street analysts expect Green Dot (GDOT) to post quarterly earnings of $0.28 per share in its upcoming report, which indicates a year-over-year decline of 24.3%. Revenues are expected to be $370.93 million, up 2.7% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior to a company's earnings release, it is of utmost impo ...

The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. Specifically, the Federal Reserve Board said, the company failed to adequately disclose the tax refund processing fee for tax preparation services offered on a third-party's website; blocked access to the accounts of legitimate customers receiving unemployment benefits; lacked reasonable policies and procedures to help those custo ...

Green Dot Corporation (GDOT) is currently benefiting from strength in its GO2bank business and longstanding relationship with Walmart. Recent platform conversions have positioned the company for annualized cost savings. Future Potential Should Outperform Current Headwinds Green Dot's bottom line stayed weak in the first quarter of 2024 due to the sunsetting of portfolios and higher expenses. We expect the company's bottom line to gain strength going forward, driven by cost savings from platform conversions ...

SAN DIEGO, May 29, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors who purchased shares of Green Dot Corporation (NYSE: GDOT). Investors, who purchased Green Dot Corporation (NYSE: GDOT) shares prior to 2020 and continue to hold any of thoseNYSE: GDOT shares, have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554. On December 19, 2019, a lawsuit was filed by an in ...

Green Dot Corporation (GDOT) reported mixed first-quarter 2024 results, with earnings missing the Zacks Consensus Estimate but revenues surpassing the same. The stock has gained 2.2% since the earnings release on May 9 on impressive 2024 revenue guidance. Total operating revenues are anticipated between $1.58 billion and $1.62 billion. The mid-point of the guided range ($1.6 billion) is higher than the Zacks Consensus Estimate of $1.58 billion GDOT's earnings per share (excluding 50 cents from non-recurring ...

Table of Contents ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________ FORM 10-Q 114 W 7th Street, Suite 240 (Address of principal executive offices, including zip code) (Registrant's telephone number, including area code) Austin, Texas 78701 (626) 765-2000 Securities registered pursuant to Section 12(b) of the Act: For the quarterly period ended Mar ...

Green Dot Corporation (NYSE:GDOT) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Conference Call Participants Operator I would now like to turn the conference over to Mr. Tim Willi, Senior Vice President, Finance. Please go ahead. Thank you, and good afternoon, everyone. Today, we are discussing the Green Dot's first quarter 2024 financial and operating results. Following our remarks, we'll open the call for your questions. Our most recent earnings release that accompanies this ...

Non-GAAP effective tax rate of ~24% was up slightly from the prior year, while share count of 53.3M was up from 52.0M last year. -7% $0.99 -40% $0.59 -50% $0.37 -68% -69% $0.14 $0.14 Q3 2023 Q4 2023 Q1 2024 Q1 2023 Q2 2023 Green Dot Corporation Consolidated Key Metrics Gross Dollar Volume in millions, reflects change versus the prior year Purchase Volume Net Interchange Rate2 Active accounts1 declined 9% Consolidate actives declines moderated to the slowest rate in several years though Consumer Services act ...

For the quarter ended March 2024, Green Dot (GDOT) reported revenue of $447.42 million, up 8.5% over the same period last year. EPS came in at $0.59, compared to $0.99 in the year-ago quarter.The reported revenue represents a surprise of +7.63% over the Zacks Consensus Estimate of $415.7 million. With the consensus EPS estimate being $0.78, the EPS surprise was -24.36%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Exhibit 99.01 Consolidated Results Summary | | | | Three Months Ended March 31, | | | | --- | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | % Change | | | | | (In thousands, except per share data and | | | | | | | percentages) | | | | GAAP financial results | | | | | | | Total operating revenues | $ | 451,988 | $ | 416,380 | 9% | | Net income | $ | 4,750 | $ | 36,012 | (87)% | | Diluted earnings per common share | $ | 0.09 | $ | 0.69 | (87)% | | 1 Non-GAAP financial results | | | | | | | 1 Non-GAAP to ...