Marqeta Stock Sinks On Q3 Earnings, Analyst Downgrades
Marqeta Stock Sinks On Q3 Earnings, Analyst Downgrades
"In the third quarter our true growth trajectory was back on display as we lapped the Block contract renewal, while continuing to demonstrate operational discipline to fuel strong Adjusted EBITDA," said Marqeta Inc (NASDAQ:MQ) 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.
Marqeta公司（納斯達克: MQ）股價週二下跌，原因是該公司第三季度業績。此外，幾位分析師也在報告後降級並下調了股票價格目標。
Q3 Earnings: Marqeta reported third-quarter revenue of $127.97 million, missing analyst estimates of $128.08 million. The company reported a quarterly loss of 6 cents per share, in line with analyst estimates, per Benzinga Pro.
第三季度收入：Marqeta報告的第三季度營業收入爲12797萬美元，低於分析師預期的12808萬美元。該公司報告每股季度虧損6美分，符合分析師預期，來自Benzinga Pro。
Total revenue was up 18% year-over-year. Marqeta reported total processing volume of $74 billion, up 30% year-over-year.
總營業收入同比增長18%。Marqeta報告的總處理量爲740億美元，同比增長30%。
"In the third quarter our true growth trajectory was back on display as we lapped the Block contract renewal, while continuing to demonstrate operational discipline to fuel strong Adjusted EBITDA," said Simon Khalaf, CEO at Marqeta.
"在第三季度，我們真正的增長軌跡再次顯現，當我們繼續展示操作紀律以推動強勁的調整後的EBITDA增長時，我們開始擦去Block合同的續約，" Marqeta首席執行官Simon Khalaf說。
"We combined this with several new product announcements that further enhance the Marqeta platform to provide transformative payment solutions at scale for our expanding customer base."
"我們結合了幾項新產品發佈，進一步增強Marqeta平台，爲不斷擴大的客戶群體提供規模化的革命性支付解決方案。"
Marqeta's outlook appears to be the main thing weighing on shares on Tuesday. Marqeta expects fourth-quarter revenue growth of 10% to 12%. The company anticipates fourth-quarter profit growth of 13% to 15% and fourth-quarter EBITDA margin of 5% to 7%.
Marqeta的前景似乎是週二股價的主要拖累因素。Marqeta預計第四季度營收增長爲10%至12%。公司預計第四季度利潤增長13%至15%，第四季度EBITDA利潤率爲5%至7%。
"Our fourth quarter guidance reflects several changes that became apparent over the last few months with regards to the heightened scrutiny of the banking environment and specific customer program changes," the company said.
"我們第四季度的指導反映了過去幾個月顯現的幾項變化，涉及銀行環境監管的加強和特定客戶計劃的更改，" 該公司表示。
Analyst Changes:
分析師變動：
- Deutsche Bank analyst Bryan Keane downgraded Marqeta from Buy to Hold and lowered the price target from $9 to $4.
- 德意志銀行分析師Bryan Keane將Marqeta的評級從買入調降至持有，並將價格目標從$9降至$4。
- Keybanc analyst Alex Markgraff downgraded Marqeta from Overweight to Sector Weight.
- Keybanc分析師Alex Markgraff將Marqeta的評級從超重調降至板塊權重。
- William Blair analyst Robert Napoli downgraded Marqeta from Outperform to Market Perform.
- William Blair分析師Robert Napoli將Marqeta的評級從表現優異調降至市場表現。
- Susquehanna analyst James Friedman maintained Marqeta with a Positive and lowered the price target from $9 to $7.
- Susquehanna分析師James Friedman維持Marqeta爲正面，並將價格目標從$9降至$7。
- Wells Fargo analyst Andrew Bauch downgraded Marqeta from Overweight to Equal-Weight and lowered the price target from $7 to $5.
- 富國銀行分析師Andrew Bauch將Marqeta的評級從超重調降至等權，並將價格目標從$7降至$5。
- Morgan Stanley analyst James Faucette maintained Marqeta with an Equal-Weight and lowered the price target from $7 to $5.
- 摩根士丹利分析師James Faucette維持Marqeta爲等權，並將價格目標從$7降至$5。
- Monness, Crespi, Hardt analyst Gus Gala downgraded Marqeta from Buy to Neutral.
- Monness, Crespi, Hardt分析師Gus Gala將Marqeta的評級從買入調降至中立。
- JPMorgan analyst Tien-Tsin Huang maintained Marqeta with a Neutral and lowered the price target from $6 to $5.
- 摩根大通分析師Tien-Tsin Huang維持Marqeta爲中立，並將價格目標從$6降至$5。
- Mizuho analyst Anthony Crowdell maintains Marqeta with an Outperform and lowered the price target from $7 to $5.
- 瑞穗分析師安東尼·克勞德爾認爲Marqeta表現優異，並將價格目標從7美元降至5美元。
MQ Price Action: Marqeta shares were down 40.4% at $3.55 at the time of publication, according to Benzinga Pro.
MQ股價走勢：根據Benzinga Pro的數據，Marqeta股價在發佈時下跌了40.4%，跌至3.55美元。
Photo: Shutterstock.
照片：shutterstock。
譯文內容由第三人軟體翻譯。
