- Reports Q2 (Jun) earnings of $0.55 per share, $0.15 better thanthe Capital IQ Consensus of $0.40; revenues rose 28.2% year/year to $222.5 mln vs the $208.59 mln Capital IQ Consensus.
- Number of cash transfers increased to 9.55 mln from 9.3 mln in year ago quarter.
- Number of active cards increased to 5.15 million from 5.05 mln.
- Co issues mixed guidancefor Q3, sees EPS of $0.25 vs. $0.29 Capital IQ Consensus Estimate; sees Q3 revs of $187-$189 mln vs. $186.29 mln Capital IQ Consensus Estimate.
- Co raises guidancefor FY17, sees EPS of $1.99-$2.03 vs. prior outlook of $1.89-$1.94, and vs. the $1.95 Capital IQ Consensus Estimate; sees FY17 revs of $855-$865 mln vs. prior outlook of $830-$845 mln and vs the $843.77 mln Capital IQ Consensus Estimate.
Description
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services. The Company's account services segment includes branded deposit account programs, including Green Dot-branded and affinity-branded general purpose reloadable (GPR) card accounts; checking accounts, open-loop gift cards and secured credit cards. The Company's processing and settlement services include its money processing services, which consists of reload services and 1099 disbursements, and its tax refund processing services. It also has operations in the mobile technology and mobile banking with GoBank mobile checking account. Through its subsidiary, SBBT Holdings, LLC (TPG), it also operates as a processor of tax refund disbursements in the United States.
Key stats and ratios
| Q3 (Sep '17) | 2016 | |
| Net profit margin | 6.76% | 5.79% |
| Operating margin | 6.47% | 8.81% |
| EBITD margin | - | 14.30% |
| Return on average assets | 3.01% | 2.42% |
| Return on average equity | 7.50% | 6.06% |
| Employees | 974 |
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