Fubotv earnings beat by $0.10, revenue topped estimates
In a remarkable display of market momentum, shares of DAVE, the brand behind the popular financial platform, have soared to a 52-week high, reaching an impressive price level of $221.05. According to InvestingPro data, the company boasts strong fundamentals with a 63% gross profit margin and healthy liquidity, maintaining a current ratio of 8.59. This peak comes amidst a broader context of significant growth for the company, as evidenced by the staggering 1-year change data for VPC Impact Acquisition Holdings III, which shows an eye-opening increase of 480.3%. Investors and market analysts alike are closely monitoring DAVE’s performance, with five analysts recently revising earnings estimates upward. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with technical indicators suggesting overbought conditions. For deeper insights into DAVE’s valuation and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Dave Inc reported impressive first-quarter 2025 earnings, significantly surpassing analyst expectations. The company announced earnings per share (EPS) of $2.48, well above the forecasted $0.75, and revenue of $108 million, exceeding the anticipated $92.63 million. This marks a 47% year-over-year increase in revenue. Following these results, Dave Inc raised its full-year revenue guidance to a range of $460-$475 million, reflecting a growth rate of 33-37%. Additionally, the company increased its adjusted EBITDA guidance to $155-$165 million, indicating anticipated growth of 79-91%.
In response to the robust financial performance, JMP Securities raised its price target for Dave Inc from $125 to $200, maintaining a Market Outperform rating. The company’s adjusted EBITDA for the quarter was $44.2 million, more than triple the previous year’s figure, driven by lower expenses and improved credit performance. Dave Inc’s operating expenses were reported at $72.8 million, which was 12% better than expected by analysts. The company also noted a lower tax rate of 15% compared to the modeled 23%, contributing to the higher EPS.
These developments underscore Dave Inc’s strong business momentum and operational efficiency, as recognized by JMP Securities. The company’s strategic initiatives, including a new fee structure and enhanced member engagement, have been well-received, further boosting investor confidence.
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