Marqeta Q3 EPS of $1.09 Crushes 5-Cent Estimate; Revenue Up 7.9%
MQ is trading near its 52-week low of $14.8 (13% above the low).
Summary
Marqeta posted Q3 adjusted EPS of $1.09 against a 5-cent consensus, with net income of $115.44 million. Revenue rose 7.9% to $176.18 million, edging past the $175.56 million analysts expected. The quarter follows the Q3 release that flagged TPV of $126 billion, up 29% year-over-year, and a $500 billion annualized run rate. The EPS figure is far above the prior quarter's 7 cents and the year-ago loss of 4 cents, though the gap to consensus is large enough that one-off items may be driving it. The stock closed at $18.62, above the $19.00 median analyst target's implied 2% upside, and the average rating sits at hold.
At the time of this announcement, MQ was trading at $16.78 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $14.80 to $22.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.