Marqeta, Inc. (NASDAQ:MQ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Stacey Finerman - Vice President, Investor Relations Simon Khalaf - Chief Executive Officer Mike Milotich - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Darrin Peller - Wolfe Research Tien-Tsin Huang - JPMorgan Timothy Chiodo - UBS Sanjay Sakhrani - KBW Andrew Schmidt - Citi Andrew Bauch - Wells Fargo Operator Ladies and gentlemen, greetings, and welcome to the Marqe ...

For the quarter ended September 2024, Marqeta (MQ) reported revenue of $127.97 million, up 17.5% over the same period last year. EPS came in at -$0.06, compared to -$0.07 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $127.64 million, representing a surprise of +0.26%. The company has not delivered EPS surprise, with the consensus EPS estimate being -$0.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Marqeta (MQ) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this transaction processing services provider would post earnings of $0.19 per share when it actually produced earnings of $0.23, delivering a surprise of 21.05%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Marqeta, whic ...

Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter.Here's how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:Loss per share: 6 cents, adjusted vs. 5 cents expectedRevenue: $128 million vs. $128.1 million expectedWhile third-quarter results showed a slight disappointment on the top and bottom lines, Marqeta's forecast for the current period was more concerning.The payment ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s) Name of each exchange on which registered Class A common stock, $0.0001 par value per share MQ The Nasdaq Stock Market LLC (Nasdaq Global Select Market) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

MARQETA REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS The global modern card issuer reported Total Processing Volume growth of 30% and Gross Profit growth of 24% in the third quarter of 2024. OAKLAND, Calif. – November 4, 2024 - Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2024. The Company reported Total Processing Volume (TPV) of $74 billion, representing a year-over-year increase of 30%. The Company reported ...

Card issuing platform Marqeta has a new chief artificial intelligence (AI) officer. Fouzi Husaini, a veteran of Amazon and Capital One, will play a key role in Marqeta's efforts to scale its AI organization, the company announced Monday (Sept. 23). "We're thrilled to have Fouzi on board," Marqeta Chief Product and Technology Officer Randy Kern said in a news release. "His deep knowledge of AI and machine learning, combined with decades of on-the-ground AI leadership at top companies, will be instrumental in ...

Marqeta (MQ) closed the last trading session at $5.33, gaining 9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $7.36 indicates a 38.1% upside potential. The average comprises 16 short-term price targets ranging from a low of $5.50 to a high of $9, with a standard deviation of $1.09. While the lowest estimate indicates an increase of 3.2% from the current price level, the most op ...

This company is doing far better than most of Wall Street realizes. Fintech card issuer Marqeta (MQ -0.19%) went public in the summer of 2021, and the market has mercilessly sold it down ever since. The stock peaked near $33 shortly after its IPO but has drifted as low as $3 and is hanging around $5 today. Investors should be careful about letting price action define the company behind the stock. Was Marqeta expensive at over $30? Did the stock deserve to trade for a few dollars per share? The truth is usua ...

Marqeta (MQ) closed the last trading session at $5.43, gaining 3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $7.36 indicates a 35.5% upside potential. The mean estimate comprises 16 short-term price targets with a standard deviation of $1.09. While the lowest estimate of $5.50 indicates a 1.3% increase from the current price level, the most optimistic analyst expects the stock ...