Latest news with #GreenDotCorporation
Yahoo
15-05-2025
- Business
- Yahoo
GDOT's Earnings and Revenues Surpass Estimates in Q1
Green Dot Corporation GDOT reported impressive first-quarter 2025 results. Earnings and revenues beat the Zacks Consensus Estimate. Quarterly earnings per share (excluding 59 cents from non-recurring items) of $1.06 outpaced the consensus estimate by 51.4% and improved 79.7% from the year-ago quarter. Revenues of $556 million beat the Zacks Consensus Estimate by 10.2% and increased 23% on a year-over-year basis. Green Dot Corporation price-consensus-eps-surprise-chart | Green Dot Corporation Quote B2B Services revenues increased 41.8% in the first quarter of 2025 to $342 million. This segment's revenue growth was fueled by a BaaS partner and stability across the BaaS portfolio. Money Movement Services' revenues improved 7% from the year-ago quarter to $110.3 million. Growth was impacted by a slight dip in Money Processing, while Tax Processing saw revenue growth. The Consumer Services segment's revenues amounted to $95.3 million, down 5.6% on a year-over-year basis. Declines continue to remain largely driven by secular headwinds in the Retail channel, partially offset by the impact of the recent launch of PLS. GDOT's gross dollar volume increased 5.6% from the year-ago quarter to $37.3 billion. Purchase volume fell 0.7% year over year to $5.1 billion. The company ended the quarter with $3.6 million in active accounts, down 2.5% on a year-over-year basis. Adjusted EBITDA totaled $90.6 million, increasing 24% on a year-over-year basis. The adjusted EBITDA margin plummeted 310 basis points to 16.3%. Green Dot exited the first quarter with an unrestricted cash and cash equivalent balance of $1.8 billion compared with $1.6 billion in the fourth quarter of 2024. GDOT had no long-term debt. It generated $108.7 million of cash from operating activities. The company's capital expenditure was $109.3 million. GDOT has provided its 2025 guidance for total operating revenues to range between $2 and $2.1 billion. The Zacks Consensus Estimate for the same is pegged at $1.89 billion. Adjusted earnings per share guidance is the band of $1.14-$1.28, up from its previous guidance range of $1.05-$1.20. The Zacks Consensus Estimate for earnings is pegged at $1.11 per share. Adjusted EBITDA is anticipated to be in the band of $150-$160 million, up from its previous guidance range of $145 million-$155 million. Green Dot currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Fiserv, Inc. FI reported mixed first-quarter 2025 results. The company's earnings beat the Zacks Consensus Estimate, while revenues missed the mark. FI's adjusted earnings per share of $2.14 beat the consensus mark by 2.9% and gained 13.8% year over year. Adjusted revenues of $4.8 billion lagged the consensus estimate by 1.6% but rose 5.5% on a year-over-year basis. (See the Zacks Earnings Calendar to stay ahead of market-making news.) The Interpublic Group of Companies, Inc. IPG reported mixed first-quarter 2025 results. The company's earnings topped the Zacks Consensus Estimate, while revenues missed the mark. IPG's adjusted earnings of 33 cents per share surpassed the Zacks Consensus Estimate by 10% but decreased 8.3% from the year-ago quarter. Revenues before billable expenses (net revenues) of $2 billion missed the consensus estimate by a slight margin and declined 20% year over year. Total revenues of $2.3 billion decreased 7.2% year over year but outpaced the Zacks Consensus Estimate of $2 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report Green Dot Corporation (GDOT) : Free Stock Analysis Report Fiserv, Inc. (FI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
06-05-2025
- Business
- Yahoo
Green Dot Announces Partnership with Samsung to Introduce New Samsung Wallet Features
Powered by Green Dot's embedded finance platform, Arc, Samsung Wallet's nearly 12 million U.S. users will gain "Tap to Transfer" peer-to-peer functionality, with more features to come PROVO, Utah, May 06, 2025--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT) today announced a new partnership with Samsung Electronics to add new features and functionality to Samsung Wallet1, the secure, go-everywhere app for conveniently using and organizing daily essentials. Leveraging Green Dot's comprehensive and configurable embedded finance platform, Arc, Samsung Wallet's U.S. users will soon have access to Tap to Transfer2, a peer-to-peer (P2P) tool enabling users to quickly transfer funds within minutes3 from Samsung Wallet to other digital wallets or contactless debit cards, with additional features and functionality planned. "We are thrilled to partner with Samsung to bring seamless and affordable financial services to their Samsung Wallet users, starting with Tap to Transfer, with more value-driven and user-focused innovations to come," said Chris Ruppel, Interim President, Green Dot. "Samsung's long history of innovation has established them as a powerful player in financial technology, and we look forward to growing the Samsung Wallet product with them through the power of our Arc platform for years to come." Arc is the embedded finance platform of services featuring all of Green Dot's secure banking and money processing capabilities designed to fuel value, loyalty and growth for consumers and businesses. Arc by Green Dot powers some of the world's most trusted brands and thousands of other businesses with seamless, secure and useful financial tools and experiences. Integrated with Green Dot Bank, Arc provides partners with leading FDIC-insured banking products and tools, plus regulatory and compliance expertise, oversight and support. The Arc platform is cloud-based, modular and scalable by design – configurable to meet a wide range of business needs and goals, and flexible to adapt as our partners grow. Arc's end-to-end banking services are powered by enterprise-grade APIs and offer partners access to comprehensive customer support, fraud protection, the largest retail deposit and ATM network in the U.S., and much more. For more information, visit "Our partnership with Samsung presents an enormous opportunity to bring convenient and instant peer-to-peer payments to Samsung's vast user base," said Crystal Bryant-Minter, SVP, Money Movement, Green Dot. "It also exemplifies Arc's potential to power leading brands with seamless, secure financial experiences that deliver real value to everyday consumers."
Yahoo
27-02-2025
- Business
- Yahoo
One Green Dot Insider Raised Stake By 48% In Previous Year
Viewing insider transactions for Green Dot Corporation's (NYSE:GDOT ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold. While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. View our latest analysis for Green Dot In the last twelve months, the biggest single purchase by an insider was when Chief Revenue Officer Chris Ruppel bought US$299k worth of shares at a price of US$9.16 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$8.48). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Chris Ruppel was the only individual insider to buy during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 1.4% of Green Dot shares, worth about US$6.6m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing! There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Green Dot stock. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Green Dot. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
