Marqeta Inc reports results for the quarter ended in January 1 - Earnings Summary

Marqeta

05/11/2024 07:57

* Marqeta Inc  MQ.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of -10
cents.  The mean expectation of fifteen analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -8 cents to -2 cents per share.
    * Revenue rose 17.5% to $127.97 million from a year ago;
analysts
expected $128.08 million. 
    * Marqeta Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $28.64 million.
    * Marqeta Inc shares had risen by 20.9% this quarter and
lost 14.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 7
"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
$6.80 
This summary was machine generated from LSEG data November 5 at
07:57 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
 Sep. 30 2024      -0.05          -0.06          Missed
 Jun. 30 2024      0.17           0.23           Beat
 Mar. 31 2024      -0.07          -0.07          Met
 Dec. 31 2023      -0.09          -0.08          Beat