Marqeta (NASDAQ:MQ - Get Free Report) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Marqeta to post earnings of ($0.06) per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.
Marqeta (NASDAQ:MQ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. Marqeta had a positive return on equity of 0.51% and a negative net margin of 2.62%. The firm had revenue of $125.30 million during the quarter, compared to the consensus estimate of $121.87 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The company's quarterly revenue was down 45.8% compared to the same quarter last year. On average, analysts expect Marqeta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Marqeta Trading Up 9.1 %
Marqeta stock traded up $0.48 during trading on Monday, hitting $5.78. 5,810,160 shares of the company were exchanged, compared to its average volume of 2,662,954. The company has a market capitalization of $2.94 billion, a P/E ratio of -288.86 and a beta of 1.77. The business's 50 day moving average is $5.11 and its 200 day moving average is $5.29. Marqeta has a 52 week low of $4.40 and a 52 week high of $7.36.
Analyst Ratings Changes
MQ has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on Marqeta from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. decreased their price target on shares of Marqeta from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Susquehanna restated a "positive" rating and issued a $9.00 target price on shares of Marqeta in a research note on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods cut their price target on Marqeta from $7.00 to $6.00 and set a "market perform" rating for the company in a research note on Monday, July 8th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Marqeta currently has an average rating of "Moderate Buy" and an average price target of $7.11.
Read Our Latest Research Report on Marqeta
About Marqeta
(
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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.
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