Marqeta, Inc. Class A (MQ)
Marqeta: Block Contract Finally Lapped, Reentering Growth Mode
Marqeta reported Q2 earnings that beat estimates, sending shares up 8% the next day. More importantly, Q2 is the turning point for Marqeta as its Block renewal contract is finally fully lapped. In the last four quarters, Marqeta recorded negative Revenue growth due to the Block renewal — that is about to change in Q3 and beyond.
Marqeta, Inc. (MQ) Q2 2024 Earnings Call Transcript
Marqeta, Inc. (NASDAQ:MQ ) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Stacey Finerman - VP, Investor Relations Simon Khalaf - CEO Mike Milotich - CFO Conference Call Participants Timothy Chiodo - UBS Tien-Tsin Huang - JPMorgan Darrin Peller - Wolfe Research Craig Maurer - FT Partners Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Andrew Schmidt - Citi Andrew Bauch - Wells Fargo Bryan Keane - Deutsche Bank Operator Welcome to the Marqeta Second Quarter 2024 Earnings Conference Call. [Operator Instructions].
Marqeta (MQ) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for Marqeta (MQ) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Marqeta (MQ) Q2 Earnings and Revenues Top Estimates
Marqeta (MQ) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.07 per share a year ago.
Insights Into Marqeta (MQ) Q2: Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Marqeta (MQ) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
