J.P. Morgan Models GDOT FY11 Above Consensus

J.P. Morgan said today that it sees strong growth for Green Dot Corporation (NYSE: GDOT) in FY11.

“We are modeling $488M in FY11 adj. revenues (up 29%), above consensus of $483M,” J.P. Morgan writes. “Next year, we estimate adj. EBITDA of $117.6M (24% margin) and adj. EPS of $1.52. We see room for upside based on new wins and/or M&A.”