Marqeta Inc reports results for the quarter ended June 30 - Earnings Summary
Marqeta Inc reports results for the quarter ended June 30 - Earnings Summary
Marqeta Inc MQ.OQ reported quarterly adjusted earnings of 7 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of ten analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from zero cents to 4 cents per share.
Revenue rose 17% to $176.00 million from a year ago; analysts expected $173.35 million.
Marqeta Inc's reported EPS for the quarter was 7 cents.
The company reported quarterly net income of $7.57 million.
Marqeta Inc shares had risen by 9.9% this quarter and lost 6.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 76.1% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is "buy."
Wall Street's median 12-month price target for Marqeta Inc is $19.50, about 8.5% above its last closing price of $17.85
This summary was machine generated from LSEG data August 4 at 09:55 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 |
Jun. 30 2026 | 0.01 | 0.07 | Beat |
Mar. 31 2026 | -0.01 | 0.08 | Beat |
Dec. 31 2025 | 0.00 | 0.00 | Met |
Sep. 30 2025 | -0.07 | -0.04 | Beat |
Recent news on Marqeta
See all newsMarqeta Inc reports results for the quarter ended June 30 - Earnings Summary
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