Dave Inc. (DAVE) Q4 Earnings and Revenues Beat Estimates

Core Insights - Dave Inc. (DAVE) reported quarterly earnings of $2.04 per share, significantly exceeding the Zacks Consensus Estimate of$ 1.09 per share, and showing a substantial increase from $0.03 per share a year ago, resulting in an earnings surprise of 87.16% [1] - The company achieved revenues of$ 100.9 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.14% and up from $73.2 million year-over-year, marking four consecutive quarters of exceeding revenue estimates [2] - DAVE shares have increased approximately 15.8% year-to-date, outperforming the S&P 500's gain of 1.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 1.24 on revenues of $89 million, while for the current fiscal year, the estimate is$ 5.16 on revenues of $414.9 million [7] - The estimate revisions trend for DAVE Inc. is favorable, contributing to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which DAVE belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - GDS Holdings, another company in the same industry, is expected to report a quarterly loss of$ 0.22 per share, with a year-over-year change of +64.5%, and revenues projected at $430.7 million, reflecting a 19.6% increase from the previous year [9]