Marqeta Inc expected to post a loss of 5 cents a share - Earnings Preview

Reuters
02-25
Marqeta Inc <mq.oq> expected to post a loss of 5 cents a share - Earnings Preview </mq.oq>
  • Marqeta Inc MQ.OQ MQ.O is expected to show a rise in quarterly revenue when it reports results on February 26 for the period ending December 31 2024

  • The Oakland California-based company is expected to report a 11.7% increase in revenue to $132.747 million from $118.82 million a year ago, according to the mean estimate from 13 analysts, based on LSEG data.The company's guidance on November 4 2024, for the period ended December 31, was for revenue between $130.70 million and $133.08 million.

  • ​LSEG's mean analyst estimate for Marqeta Inc is for a loss of 5 cents per share.

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Marqeta Inc is $5.00​, above​ its last closing price of $3.69. ​​​

The company's guidance on November 4 2024 for the period ended December 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD130.7042 million and USD9.31564 million.The company's guidance on August 7 2024 for the period ended December 31 was for gross profit margin between USD71% and USD73%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Sep. 30 2024

-0.05

-0.05

-0.06

Missed

-11.1

Jun. 30 2024

0.19

0.17

0.23

Beat

38.9

Mar. 31 2024

-0.08

-0.07

-0.07

Met

6.5​

Dec. 31 2023

-0.08

-0.09

-0.08

Beat

6.2

​​Sep. 30 2023

-0.08

-0.09

-0.10

Missed

-18.3

Jun. 30 2023

-0.09

-0.09

-0.11

Missed

-17.9​

Mar. 31 2023

-0.09

-0.09

-0.13

Missed

-37.8

Dec. 31 2022

-0.09

-0.09

-0.05

Beat

45.1

This summary was machine generated February 24 at 21:12 GMT. 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)

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