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Marqeta (MQ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Marqeta Inc. shares powered 5.7% higher Monday as the card-issuing name found a new fan on Wall Street.
Marqeta, Inc. is a reasonable investment despite its reliance on Block. Marqeta, despite its challenges, presents positives such as a potential +20% CAGR beyond Q3 2024. Priced at 75x forward EBITDA, Marqeta's stock valuation raises questions about its valuation, although it is offset by the company's debt-free status.
Buy low, sell high. That investing maxim is ingrained in us almost as soon as we start investing.
Marqeta, Torpago and Sunwest Bank launched Sunwest's commercial credit card and expense management solution called Sunwest Visionary Card. The new bank-branded offering is enabled by Torpago's commercial credit card and spend management solutions, Marqeta's global card issuing platform and Sunwest's entrepreneurial business bank, according to a Thursday (Jan. 25) press release.
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss fourth quarter and full year 2023 financial results on Wednesday, February 28, 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 fourth quarter and full year 2023 financial results will be issued after the market close.
Marqeta had a momentous year in 2023. It renewed a key contract, got a new CEO, and made an important acquisition.
Marqeta's managing director is stepping down after 15 months with the card-issuing company. Jeff Parker, who is also a senior vice president at the firm, announced his departure in a recent LinkedIn post.
Marqeta extended its partnership with Block through June 2028. Its Q3 update and Investor Day cleared a lot of fundamental uncertainty. However, the transition to growth and profitability is going to take longer than expected.
Marqeta delivered solid guidance for the fourth quarter with encouraging commentary. It extended a contract with a key customer.