Marqeta (NASDAQ:MQ) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Marqeta (NASDAQ:MQ) posted its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.05, Zacks reports. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The firm had revenue of $135.79 million during the quarter, compared to analysts’ expectations of $132.71 million. Marqeta updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Marqeta Trading Down 2.0 %

Shares of Marqeta stock traded down $0.09 during trading hours on Friday, hitting $4.17. 2,512,744 shares of the company were exchanged, compared to its average volume of 4,976,889. The business has a 50-day moving average of $3.77 and a 200-day moving average of $4.40. Marqeta has a 1 year low of $3.37 and a 1 year high of $6.98. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 207.25 and a beta of 1.52.

Wall Street Analyst Weigh In

Several analysts have issued reports on MQ shares. William Blair lowered Marqeta from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Barclays reissued an “equal weight” rating and set a $4.00 price target (down previously from $5.00) on shares of Marqeta in a report on Tuesday, December 17th. JPMorgan Chase & Co. cut their price target on Marqeta from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. KeyCorp lowered Marqeta from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Finally, Susquehanna dropped their price objective on Marqeta from $9.00 to $7.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.69.

Marqeta Company Profile

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.