Green Dot Corporation (NYSE:GDOT) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, GDOT is expected to report 3Q20 income of $ 0.11 per share from revenue of $ 243.62 million.
For the full year, analysts anticipate top line of $ 1134.28 million, while looking forward to income of $ 1.81 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,080.00 million ~ $ 1,100.00 million, where as bottomline are predicted in a range of $ 1.60 ~ $ 1.74 per share
Click Here For More Historical Outlooks Of Green Dot Corporation
Previous Quarter Performance
Green Dot Corporation communicated income for the second quarter of $ 0.43 per share, from the revenue of $ 316.24 million. The quarterly earnings dropped 52.22 percent while revenues swell 19.34 percent compared with the same quarter last year.
Wall street analysts are predicting, GDOT to report 2Q20 income of $ 0.32 per share from revenue of $ 237.71 million. The bottom line results beat street analysts by $ 0.11 or 34.38 percent, at the same time, top line results outshined analysts by $ 78.53 million or 33.04 percent.
Stock Performance
Shares of Green Dot Corporation traded up $ 3.06 or 5.80 percent on Tuesday, reaching $ 55.84 with volume of 1.02 million shares. Green Dot Corporation has traded high as $ 57.80 and has cracked $ 52.87 on the downward trend
According to the previous trading day, closing price of $ 55.84, representing a 271.69 % increase from the 52 week low of $ 14.20 and a 18.76 % decrease over the 52 week high of $ 64.97.
The company has a market capital of $ 2.98 billion and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Needham & Company LLC at Buy rating, with $ 70.00 target price.
- On 5th October 2020, maintained by Craig Hallum at Buy rating, with $ 70.00 target price.
Conference Call
Green Dot Corporation will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.greendot.com
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
