Marqeta Inc expected to post earnings of 16 cents a share - Earnings Preview

Marqeta

06/08/2024 03:06

* Marqeta Inc  MQ.OQ   MQ.O  is expected to show a fall in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Oakland California-based  company is expected to
report a
47.3% decrease in revenue to $121.905 million from $231.12
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Marqeta Inc is for
earnings of
16 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 was unchanged 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 $4.67. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.08       -0.07      -0.07     Met     6.5
 Dec. 31 2024  -0.08       -0.09      -0.08     Beat    6.2
 Sep. 30 2023  -0.08       -0.09      -0.10     Missed  -18.3​
 Jan. 1 0001   -0.09       -0.09      -0.11     Missed  -17.9
 ​​Mar.        -0.09       -0.09      -0.13     Missed  -37.8
 31 2023                                                
 Dec. 31 2022  -0.09       -0.09      -0.05     Beat    45.1​
 Sep. 30 2022  -0.09       -0.09      -0.10     Missed  -7.2
 Jun. 30 2022  -0.10       -0.10      -0.08     Beat    23
 This summary was machine generated August 6 at 02:05 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)