Marqeta Inc reports results for the quarter ended March 31 - Earnings Summary

• Marqeta Inc MQ.OQ reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of fourteen analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -7 cents to 3 cents per share.

• Revenue rose 17.9% to $139.07 million from a year ago; analysts expected $136.23 million.

• Marqeta Inc's reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $8.26 million.

• Marqeta Inc shares had fallen by 5.3% this quarter and gained 2.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.8% 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 "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is "hold."

• Wall Street's median 12-month price target for Marqeta Inc is $5.00

This summary was machine generated from LSEG data May 8 at 03:24 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)