Marqeta (MQ) Scheduled to Post Quarterly Earnings on Tuesday

Marqeta (NASDAQ:MQ) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $118.82 million during the quarter, compared to analyst estimates of $110.80 million. Marqeta had a negative return on equity of 13.80% and a negative net margin of 32.97%. The business’s quarterly revenue was down 41.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. On average, analysts expect Marqeta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Marqeta Stock Down 0.9 %

Shares of MQ opened at $5.51 on Friday. The stock has a market capitalization of $2.83 billion, a P/E ratio of -13.12 and a beta of 1.81. Marqeta has a twelve month low of $4.06 and a twelve month high of $7.36. The firm has a fifty day simple moving average of $5.89 and a two-hundred day simple moving average of $6.05.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MQ. KeyCorp increased their target price on shares of Marqeta from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Keefe, Bruyette & Woods increased their price objective on Marqeta from $7.00 to $8.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Barclays boosted their target price on Marqeta from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Monness Crespi & Hardt assumed coverage on Marqeta in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $7.50 price target for the company. Finally, Truist Financial reissued a “buy” rating and set a $10.00 price objective (up from $9.00) on shares of Marqeta in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marqeta currently has a consensus rating of “Moderate Buy” and an average target price of $7.57.

About Marqeta

Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services. It offers its solutions in various verticals, including financial services, on-demand services, expense management, and e-commerce enablement, as well as buy now, pay later.