Marqeta Inc expected to post a loss of 8 cents a share - Earnings Preview

Marqeta

26/02/2024 22:02

* Marqeta Inc  MQ.OQ   MQ.O  is expected to show a fall in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Oakland California-based  company is expected to
report a
45.7% decrease in revenue to $110.648 million from $203.81
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Marqeta Inc is for a
loss of 8
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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Marqeta Inc
is
$7.75​, above​ its last closing price of $6.55. ​​​

The company's guidance on November 7 2023 for the period ended
December 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  
 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​
 Dec. 31 2022  -0.09       -0.09      -0.05     Beat    45.1
 ​​Sep.        -0.09       -0.09      -0.10     Missed  -7.2
 30 2022                                                
 Jun. 30 2022  -0.10       -0.10      -0.08     Beat    23​
 Mar. 31 2022  -0.08       -0.08      -0.04     Beat    52.9
 Dec. 31 2021  -0.06       -0.07      0.00      Beat    100
 This summary was machine generated February 26 at 22:01 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)