Marqeta Inc reports results for the quarter ended in December - Earnings Summary

Marqeta

29/02/2024 24:42

* Marqeta Inc  MQ.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of fourteen analysts for the
quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -13 cents to -5 cents per share.
    * Revenue fell 41.7% to $118.82 million from a year ago;
analysts
expected $111.76 million. 
    * Marqeta Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The company reported a quarterly loss of $40.38 million.
    * Marqeta Inc shares had risen by 2.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Marqeta Inc is
$7.75 
This summary was machine generated from LSEG data February 29 at
12:41 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.09          -0.08          Beat
 Sep. 30 2023      -0.09          -0.10          Missed
 Jun. 30 2023      -0.09          -0.11          Missed
 Mar. 31 2023      -0.09          -0.13          Missed