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

Marqeta (NASDAQ:MQ) released its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share for the quarter, beating 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%. Marqeta updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Marqeta Trading Down 6.6 %

MQ stock traded down $0.25 during trading on Wednesday, reaching $3.51. 15,520,108 shares of the stock were exchanged, compared to its average volume of 4,575,931. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 175.50 and a beta of 1.52. The business has a 50 day moving average price of $3.76 and a 200-day moving average price of $4.40. Marqeta has a 1 year low of $3.37 and a 1 year high of $7.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MQ shares. Keefe, Bruyette & Woods lowered their price objective on Marqeta from $5.00 to $4.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. KeyCorp downgraded Marqeta from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on shares of Marqeta from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Barclays restated an “equal weight” rating and issued a $4.00 target price (down previously from $5.00) on shares of Marqeta in a report on Tuesday, December 17th. Finally, William Blair cut shares of Marqeta from an “outperform” rating to a “market perform” rating 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’s stock. Based on data from MarketBeat, Marqeta has a consensus rating of “Hold” and a consensus target price of $5.65.

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.