Marqeta Inc reports results for the quarter ended June 30 - Earnings Summary

• Marqeta Inc MQ.OQ reported quarterly breakeven results​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of eleven analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -5 cents to -1 cents per share.

• Revenue rose 20.1% to $150.39 million from a year ago; analysts expected $140.39 million.

• Marqeta Inc's reported EPS for the quarter was breakeven results​.

• The company reported a quarterly loss of $647 thousand.

• Marqeta Inc shares had fallen by 4.1% this quarter and gained 47.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 25% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 10 "hold" and no "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 $5.96, about 6.1% above its last closing price of $5.59

This summary was machine generated from LSEG data August 6 at 09:02 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)