Green Dot Corp reports results for the quarter ended June 30 - Earnings Summary

• Green Dot Corp GDOT.N reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of three analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 16 cents to 21 cents per share.

• Revenue rose 23.8% to $504.18 million from a year ago; analysts expected $492.00 million.

• Green Dot Corp's reported EPS for the quarter was a loss of 85 cents​.

• The company reported a quarterly loss of $47.03 million.

• Green Dot Corp shares had fallen by 10.6% this quarter and lost 9.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 15.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for Green Dot Corp is $14.00, about 29.1% above its last closing price of $9.93

This summary was machine generated from LSEG data August 11 at 09:42 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)