NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Marqeta, Inc. (“Marqeta” or the “Company”) (NASDAQ:MQ) on behalf of Marqeta stockholders. Our investigation concerns whether Marqeta has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On November 4, 2024, Marqeta slashed its revenue growth forecast for the fou ...

ATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Marqeta, Inc. (“Marqeta” or the “Company”) (NASDAQ: MQ) complied with federal securities laws. On November 4, 2024, Marqeta reported financial results for the third quarter ended September 30, 2024 and released fourth quarter guidance, which reflected “several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes.”  ...

Marqeta (MQ) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing ...

Marqeta (MQ) has been on a downward spiral lately with significant selling pressure. After declining 29.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is over ...

Marqeta (NASDAQ: MQ ) experienced its most challenging earnings release in Q3’24 as the firm faces heightened regulatory oversight, which has resulted in the delay of 15 of the firm’s programs. Management significantly lowered its eQ4’24 guidance to 10-12% revenueMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Mi ...

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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 ...