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

Marqeta

08/08/2023 23:35

* Marqeta Inc  MQ.OQ  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended in June. The mean
expectation of fourteen analysts for the quarter was for a loss
of 9 cents per share.
    * Revenue rose 23.8% to $231.12 million from a year ago;
analysts
expected $219.26 million. 
    * Marqeta Inc's reported EPS for the quarter was a loss
of 11
cents​.
    * The mean earnings estimate of analysts had risen by
about 9% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Marqeta Inc shares had risen by 2.9% this quarter and
lost 18.0%
so far this year.
    * The company reported a quarterly loss of $58.8 million.
    * Wall Street's median 12-month price target for Marqeta Inc
is
$6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:35 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.09          -0.11          Missed
 Mar. 31 2023      -0.09          -0.13          Missed
 Dec. 31 2022      -0.09          -0.05          Beat
 Sep. 30 2022      -0.09          -0.10          Missed