Marqeta: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Marqeta (NASDAQ:MQ) reported its Q3 earnings, missing estimated earnings by 11.11% with an EPS of $-0.1 versus an estimate of $-0.09. Revenue was down $82.73 million from the same period last year. Last quarter, the company also missed on EPS by $0.02, which was followed by a 11.69% increase in the share price the next day.
November 07, 2023 | 9:40 pm
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NEUTRAL IMPACT
Marqeta's Q3 earnings missed estimates, with revenue down YoY. However, a similar miss last quarter led to a share price increase.
Marqeta's earnings miss and revenue decline could negatively impact the stock. However, the company's stock price increased after a similar earnings miss last quarter, suggesting that investors may not react negatively to the news. Therefore, the short-term impact is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100