Marqeta Inc expected to post a loss of 5 cents a share - Earnings Preview

Marqeta

02/11/2024 04:10

* Marqeta Inc  MQ.OQ   MQ.O  is expected to show a rise in
quarterly revenue when it reports  results on November 4 for the
period ending September 30 2024
    * The Oakland California-based  company is expected to
report a
17.6% increase in revenue to $128.077 million from $108.89
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.The company's guidance on August 7
2024, for the period ended September 30, was for revenue between
$145.31 million and $147.82 million.
    * ​LSEG's mean analyst estimate for Marqeta Inc is for a
loss of 5
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Marqeta Inc
is
$7.00​, above​ its last closing price of $5.85. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD145.3132 million and
USD8.86912 million.The company's guidance on August 7 2024 for
the period ended September 30 was for gross profit margin
between USD71% and USD73%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.19        0.17       0.23      Beat    38.9
 Jan. 1 2024   -0.08       -0.07      -0.07     Met     6.5
 Dec. 31 2023  -0.08       -0.09      -0.08     Beat    6.2​
 Sep. 30 2023  -0.08       -0.09      -0.10     Missed  -18.3
 ​​Jun.        -0.09       -0.09      -0.11     Missed  -17.9
 30 2023                                                
 Mar. 31 2023  -0.09       -0.09      -0.13     Missed  -37.8​
 Jan. 1 0001   -0.09       -0.09      -0.05     Beat    45.1
 Sep. 30 2022  -0.09       -0.09      -0.10     Missed  -7.2
 This summary was machine generated November 2 at 04:09 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)