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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
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  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Marqeta Earnings: What To Look For From MQ

MQ Cover Image

Leading edge card issuer Marqeta (NASDAQ: MQ) will be reporting results tomorrow after the bell. Here’s what investors should know.

Marqeta beat analysts’ revenue expectations by 3% last quarter, reporting revenues of $135.8 million, up 14.3% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ total payment volume estimates.

Is Marqeta a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Marqeta’s revenue to grow 15.1% year on year to $135.8 million, a reversal from the 45.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.05 per share.

Marqeta Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Marqeta has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Marqeta’s peers in the finance and hr software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Paylocity delivered year-on-year revenue growth of 13.3%, beating analysts’ expectations by 2.9%, and Paychex reported revenues up 4.8%, in line with consensus estimates. Paylocity traded down 3.6% following the results while Paychex was up 5.4%.

Read our full analysis of Paylocity’s results here and Paychex’s results here.

There has been positive sentiment among investors in the finance and hr software segment, with share prices up 15% on average over the last month. Marqeta is up 1.3% during the same time and is heading into earnings with an average analyst price target of $4.95 (compared to the current share price of $3.84).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

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