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Why Green Dot (GDOT) is a Top Growth Stock for the Long-Term

Zacks Equity Research
·2 min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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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 boasts a Growth Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 10.4% year-over-year for 2022, while Wall Street anticipates its top line to improve by 1.3%.

Four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $2.44 per share for 2022. GDOT boasts an average earnings surprise of 19.1%.

Looking at cash flow, Green Dot is expected to report cash flow growth of 7.7% this year; GDOT has generated cash flow growth of 6.8% over the past three to five years.

GDOT should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.


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Zacks Investment Research