Marqeta (MQ) Projected to Post Earnings on Wednesday

Marqeta (NASDAQ:MQ) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect Marqeta to post earnings of ($0.03) per share and revenue of $135.66 million for the quarter. Marqeta has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.

Marqeta (NASDAQ:MQ) last released its earnings results on Wednesday, February 26th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.05. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business had revenue of $135.79 million during the quarter, compared to analysts’ expectations of $132.71 million. On average, analysts expect Marqeta to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Marqeta Stock Performance

Shares of MQ opened at $3.80 on Tuesday. The firm has a market cap of $1.92 billion, a PE ratio of 190.00 and a beta of 1.41. Marqeta has a 52-week low of $3.37 and a 52-week high of $6.01. The business’s 50 day moving average price is $4.06 and its two-hundred day moving average price is $4.03.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MQ shares. Keefe, Bruyette & Woods reduced their price target on shares of Marqeta from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on Marqeta from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group dropped their price target on Marqeta from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.29.

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.