Marqeta Inc is a technology company that specializes in providing modern card issuing and payment processing solutions for businesses
By offering a flexible platform, it enables companies to create, manage, and customize their own payment cards and digital wallets while facilitating seamless transactions. Marqeta's services cater to a variety of industries, including fintech, e-commerce, and on-demand services, empowering its clients to enhance their financial products and streamline their payment operations. The company's innovative approach to card issuing and payment infrastructure helps drive efficiencies and improve the overall customer experience in digital payments.
Shares of leading edge card issuer Marqeta (NASDAQMQ)
jumped 23.5% in the morning session after the company reported stunning fourth-quarter results, significantly surpassing analysts' expectations for operating profit. Total payment volume also exceeded Wall Street estimates, and revenue guidance for the next quarter came in ahead of expectations, with projected growth of 14-16%, signaling continued momentum in 2025. Marqeta also highlighted the acquisition of TransactPay, which strengthens its position in Europe and enhanced its ability to provide card issuance and payment solutions across the region. Zooming out, we think this was a good quarter with some key areas of upside.
Leading edge card issuer Marqeta (NASDAQMQ) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.3% year on year to $135.8 million. Guidance for next quarter’s revenue was better than expected at $135.7 million at the midpoint, 1.7% above analysts’ estimates. Its GAAP loss of $0.05 per share was in line with analysts’ consensus estimates.
Let's have a look at what is happening on the US markets after the closing bell on Wednesday. Below you can find the top gainers and losers in today's after hours session.
Marqeta’s stock price has taken a beating over the past six months, shedding 29.3% of its value and falling to $3.84 per share. This may have investors wondering how to approach the situation.
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Shares of leading edge card issuer Marqeta (NASDAQMQ)
jumped 10.9% in the afternoon session after sources revealed the company (Marqeta) could be a potential takeover target. The sources added that Mastercard (MA) and Visa (V) could be potential acquirers alongside other private equity firms. Most acquisitions tend to close at a premium, raising the possibility that existing investors could exit their positions at a higher price if Marqeta reaches a deal with a buyer.
Cross border payment processor Flywire (NASDAQFLYW)
will be announcing earnings results tomorrow after market hours. Here’s what investors should know.
Shares of leading edge card issuer Marqeta (NASDAQMQ)
fell 43% in the morning session after the company reported highly disappointing third-quarter earnings, as it lowered revenue and gross margin forecasts for the fourth quarter. Q4 2024 guidance indicates net revenue growth of 10% to 12% (vs. previous guidance of 16% to 18%) and gross profit growth of 13% to 15%. (vs. previous est. of 25% to 27%).
Leading edge card issuer Marqeta (NASDAQMQ) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 17.5% year on year to $128 million. On the other hand, next quarter’s revenue guidance of $120.9 million was less impressive, coming in 13.1% below analysts’ estimates. Its GAAP loss of $0.06 per share was 11.9% below analysts’ consensus estimates.
Marqeta Inc (NASDAQMQ) shares are trading lower Tuesday on the heels of the company's third-quarter financial results. Several analysts also downgraded and lowered price targets on the stock following the report.
