* Marqeta Inc reported a quarterly adjusted loss of 6 cents per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of fifteen analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -8 cents to -2 cents per share.
* Revenue rose 17.5% to $127.97 million from a year ago; analysts expected $128.08 million.
* Marqeta Inc's reported EPS for the quarter was a loss of 6 cents.
* The company reported a quarterly loss of $28.64 million.
* Marqeta Inc shares had risen by 20.9% this quarter and lost 14.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 10.1% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 7 "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 $6.80 This summary was machine generated from LSEG data November 5 at 07:57 a.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
Sep. 30 2024 -0.05 -0.06 Missed
Jun. 30 2024 0.17 0.23 Beat
Mar. 31 2024 -0.07 -0.07 Met
Dec. 31 2023 -0.09 -0.08 Beat