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

Marqeta

08/05/2024 13:18

* Marqeta Inc  MQ.OQ  reported a quarterly adjusted loss
of 7
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -13
cents.  The mean expectation of fifteen analysts for the quarter
was for a loss of 7 cents per share. Wall Street expected
results to range from -12 cents to -5 cents per share.
    * Revenue fell 45.7% to $117.97 million from a year ago;
analysts
expected $117.07 million. 
    * Marqeta Inc's reported EPS for the quarter was a loss of 7
cents​.
    * The company reported a quarterly loss of $36.06 million.
    * Marqeta Inc shares had fallen by 2.2% this quarter and
lost 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$8.00 
This summary was machine generated from LSEG data May 8 at 12:17
p.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
 Mar. 31 2024      -0.07          -0.07          Met
 Dec. 31 2023      -0.09          -0.08          Beat
 Sep. 30 2023      -0.09          -0.10          Missed
 Jun. 30 2023      -0.09          -0.11          Missed