Green Dot (GDOT) reported earnings on Wed 7 Aug 2019 (a/h)
** charts before earnings **
** charts afterearnings **
Green Dot beats by $0.27, beats on revs; guides Q3 EPS and revs below consensus; guides FY19 EPS and revs below consensus
Reports Q2 (Jun) earnings of $0.90 per share, $0.27 better than the S&P Capital IQ Consensus of $0.63; revenues rose 5.5% year/year to $278.33 mln vs the $266.93 mln S&P Capital IQ Consensus.
Co issues downside guidance for Q3, sees EPS of $0.02 vs. $0.33 S&P Capital IQ Consensus; sees Q3 revs of $225-230 mln vs. $256.95 mln S&P Capital IQ Consensus.
Co issues downside guidance for FY19, sees EPS of $2.71-2.77 vs. $2.87 S&P Capital IQ Consensus; sees FY19 revs of $1.06-1.08 bln vs. $1.14 bln S&P Capital IQ Consensus.
"Despite the competitive challenges that are creating pressure on unit sales in our legacy prepaid product lines and therefore, active accounts, we feel confident that our strategic roadmap can put us back on a healthy growth trajectory in 2020."