Marqeta Analysts Slash EPS Estimates by Nearly 50% Ahead of Breakeven Q1 Forecast
MQ sits 17% above its 52-week low of $3.7.
Summary
Marqeta Inc. is expected to report breakeven earnings per share and an 18.1% increase in revenue to $164.272 million for the first quarter, aligning with the company's prior guidance. However, a significant detail for traders is that the mean analyst earnings estimate has fallen by approximately 48.7% over the last three months. This substantial downward revision in expectations suggests a deteriorating sentiment among analysts, even if the current forecast is for breakeven results. Traders will be closely watching the actual Q1 results on May 5 and any forward guidance for signs of stabilization or further weakness, given the recent negative trend in analyst projections.
At the time of this announcement, MQ was trading at $4.32 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $3.70 to $7.04. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.