MQ Stock Recent News

Marqeta's latest results and commentary showed momentum in the company's transaction processing operations — and opportunity in nascent markets such as earned wage access.

While the top- and bottom-line numbers for Marqeta (MQ) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Marqeta (MQ) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.13 per share a year ago.

Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth. The collaboration will see Marqeta offer a commercial card for OakNorth's business banking clients, with the Marqeta platform giving these customers a better view of the finances, the companies said in a news release Wednesday (April 24).

Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card, a branded debit card that lets employers easily disburse earned wagers onto the cards.

Marqeta CEO Simon Khalaf argues that buy now, pay later is a mechanism for merchants to fund the economy.

Marqeta's new go-to-market strategy is working well, with strong growth in bookings, geographic diversification, and market share gains. Growth initiatives, such as its credit offering and early wage access product, are expected to support future growth. The timeline for profitability may be delayed, but the company's execution and potential for high growth make it a buy.

OAKLAND, Calif.--(BUSINESS WIRE)---- $MQ #embeddedfinance--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss first quarter 2024 financial results on Tuesday, May 7, 2024 at 4:30 pm ET. Hosting the call will be Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer. A press release with the first quarter 2024 financial results will be issued after the market closes that same day. The conference call w.

Although the revenue and EPS for Marqeta (MQ) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Marqeta (MQ) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.05 per share a year ago.