Marqeta (MQ) Reports Q2: Everything You Need To Know Ahead Of Earnings
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Payment technology company Marqeta (NASDAQ:MQ) will be reporting earnings this Tuesday afternoon. Here's what to expect. Marqeta beat analysts' revenue expectations last quarter, reporting revenues of $165.8 million, up 19.2% year on year. It was a mixed quarter for the company. Is Marqeta a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Marqeta's revenue to grow 15.3% year on year, slowing from the 20.1% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Marqeta has a history of exceeding Wall Street's expectations. Looking at Marqeta's peers in the finance and hr software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Paychex delivered year-on-year revenue growth of 12.5%, meeting analysts' expectations, and Asure Software reported revenues up 23.2%, in line with consensus estimates. Asure Software traded down 5% following the results. Read our full analysis of Paychex's results here and Asure Software's results here. There has been positive sentiment among investors in the finance and hr software segment, with share prices up 2.7% on average over the last...
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