Dave Inc reports results for the quarter ended June 30 - Earnings Summary

• Dave Inc DAVE.OQ reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of six analysts for the quarter was for earnings of $1.51 per share. Wall Street expected results to range from $1.05 to $1.78 per share.

• Revenue rose 64.4% to $131.70 million from a year ago; analysts expected $113.50 million.

• Dave Inc's reported EPS for the quarter was 62 cents​.

• The company reported quarterly net income of $9.1 million.

• Dave Inc shares had fallen by 11.0% this quarter and gained 174.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 90.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

• Wall Street's median 12-month price target for Dave Inc is $241.50, about 1.1% above its last closing price of $238.83

This summary was machine generated from LSEG data August 6 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)