Block Q3 Earnings Meet Estimates: Can Strong Guidance Aid the Stock? [Yahoo! Finance]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
Apart from being in line in the third quarter of 2024, SQ's earnings beat the Zacks Consensus Estimate in a couple of quarters in the trailing four quarters and missed once, with the earnings surprise being 9.27%, on average. Find the latest EPS estimates and surprises on Zacks Earnings Calendar Net revenues of $5.98 billion missed the consensus mark by 3.9%. The top line, however, increased 6.4% year over year. SQ shares have declined 10.2%, underperforming the Zacks Technology Services industry's return of 48.3% and the Zacks Business Services sector's appreciation of 24%. Block, Inc. price-consensus-eps-surprise-chart | Block, Inc. Quote However, the company offered solid guidance for fourth-quarter 2024 and increased 2024 guidance for adjusted EBITDA and operating income, which is expected to help the SQ shares recover. Block expects to achieve Rule of 40 in 2026. Transaction (28.7% of net revenues) revenues were $1.71 billion, up 3.2% year over year. Strong Square
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SQ
Earnings
- 11/7/24 - Beat
SQ
Sec Filings
- 11/12/24 - Form 144
- 11/12/24 - Form 144
- 11/12/24 - Form SC
- SQ's page on the SEC website