Marqeta Inc expected to post a loss of 7 cents a share - Earnings Preview

Marqeta

04/05/2024 02:09

* Marqeta Inc  MQ.OQ   MQ.O  is expected to show a fall in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Oakland California-based  company is expected to
report a
46.1% decrease in revenue to $117.069 million from $217.34
million a year ago, according to the mean estimate from 15
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Marqeta Inc is for a
loss of 7
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Marqeta Inc
is
$8.00​, above​ its last closing price of $5.51. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for gross profit margin between USD67% and USD69%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2023  -0.09       -0.09      -0.11     Missed  -17.9​
 Mar. 31 2023  -0.09       -0.09      -0.13     Missed  -37.8
 ​​Jan.        -0.09       -0.09      -0.05     Beat    45.1
 1 0001                                                 
 Sep. 30 2022  -0.09       -0.09      -0.10     Missed  -7.2​
 Jun. 30 2022  -0.10       -0.10      -0.08     Beat    23
 Mar. 31 2022  -0.08       -0.08      -0.04     Beat    52.9
 This summary was machine generated May 4 at 01:09 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)