Yahoo Finance Insights Into Block (SQ) Q1: Wall Street Projections for Key Metrics
Wall Street analysts expect Block (SQ) to post quarterly earnings of $0.62 per share in its upcoming report, which indicates a year-over-year increase of 55%. Revenues are expected to be $5.73 billion, up 14.8% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Block metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Transaction-based revenue' should come in at $1.51 billion. The estimate indicates a year-over-year change of +6.4%.
Analysts expect 'Revenue- Subscription and services-based revenue' to come in at $1.61 billion. The estimate indicates a change of +17.9% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Bitcoin revenue' will reach $2.61 billion. The estimate indicates a year-over-year change of +20.6%.
Analysts predict that the 'Revenue- Hardware revenue' will reach $36.75 million. The estimate indicates a change of -1.9% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Square- Total' reaching $1.72 billion. The estimate indicates a change of +33.3% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue- Cash App- Bitcoin revenue' should arrive at $2.60 billion. The estimate suggests a change of +166.9% year over year.
The combined assessment of analysts suggests that 'Gross Payment Volume (GPV)' will likely reach $54.91 billion. The estimate is in contrast to the year-ago figure of $51.12 billion.
View all Key Company Metrics for Block here>>>
Shares of Block have experienced a change of -11.9% in the past month compared to the -2% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SQ is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Block, Inc. (SQ) : Free Stock Analysis Report
