The upcoming report from Marqeta (MQ - Free Report) is expected to reveal quarterly loss of $0.09 per share, indicating a decline of 80% compared to the year-ago period. Analysts forecast revenues of $110.36 million, representing a decrease of 45.9% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Marqeta metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenues- Total Platform Services' to come in at $106.75 million. The estimate indicates a year-over-year change of -46%.
The consensus among analysts is that 'Revenues- Other services' will reach $5.18 million. The estimate indicates a year-over-year change of -15.4%.
Analysts forecast 'Total Processing Volume (TPV)' to reach $61.34 billion. Compared to the present estimate, the company reported $46.70 billion in the same quarter last year.
View all Key Company Metrics for Marqeta here>>>
Over the past month, shares of Marqeta have returned +5.1% versus the Zacks S&P 500 composite's +4.7% change. Currently, MQ carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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The upcoming report from Marqeta (MQ - Free Report) is expected to reveal quarterly loss of $0.09 per share, indicating a decline of 80% compared to the year-ago period. Analysts forecast revenues of $110.36 million, representing a decrease of 45.9% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Marqeta metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Revenues- Total Platform Services' to come in at $106.75 million. The estimate indicates a year-over-year change of -46%.
The consensus among analysts is that 'Revenues- Other services' will reach $5.18 million. The estimate indicates a year-over-year change of -15.4%.
Analysts forecast 'Total Processing Volume (TPV)' to reach $61.34 billion. Compared to the present estimate, the company reported $46.70 billion in the same quarter last year.
View all Key Company Metrics for Marqeta here>>>
Over the past month, shares of Marqeta have returned +5.1% versus the Zacks S&P 500 composite's +4.7% change. Currently, MQ carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on MQ - FREE