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

Marqeta

10/05/2023 17:07

* Marqeta Inc  MQ.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for a loss
of 9 cents per share.
    * Revenue rose 30.8% to $217.34 million from a year ago;
analysts
expected $211.89 million. 
    * Marqeta Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Marqeta Inc shares had fallen by 3.1% this quarter and
lost 27.5% so far this year.
    * The company reported a quarterly loss of $68.8 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 11 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 04:07 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.10          -0.08          Beat