Why Green Dot (GDOT) is a Top Growth Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Green Dot (GDOT)
Headquartered in Pasadena, CA, Green Dot Corporation is a pro-consumer bank holding company and personal banking provider. The company offers products and services directly to customers through a large-scale omni-channel national distribution platform. It also allows third party partners to access its banking and technology assets for offering their own financial services directly to consumers via private distribution platforms.
GDOT sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of A. Earnings and sales are forecasted to increase 11.8% and 2.2% year-over-year, respectively.
Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $2.47 per share for 2022. GDOT boasts an average earnings surprise of 19.8%.
Green Dot is also cash rich. The company has generated cash flow growth of 6.8%, and is expected to report cash flow expansion of 7.7% in 2022.
Investors should take the time to consider GDOT for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Green Dot Corporation (GDOT) : Free Stock Analysis Report
