Where will square stock be in 5 years?
Apr 11, 2022 · SQ | Complete Block Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Is square stock a buy?
Apr 08, 2022 · This Investor Disagrees With Analyst Call For Upside In Block And PayPal Stock: Here's Why. Block Inc (NYSE: SQ) and PayPal Holdings Inc (NASDAQ: PYPL) were featured as part of the call of the day ...
Should you buy sq stock?
Get the latest Block, Inc. (SQ) stock news and headlines to help you in your trading and investing decisions.
What did the market close at Yesterday?
Dec 02, 2021 · The stock market is having a fairly strong day on Thursday after a multiday slump caused by renewed COVID-19 fears. At 10:20 a.m. ET, the S&P 500 index was higher by about 0.6%. However, not all ...
See more
Oct 22, 2021 · Analysts on average are expecting to hear Square report third-quarter earnings of $0.39 per share on total revenue of $4.57 billion. There is, …
Why Shares of Block Exploded Today
Square Stock Rises On Cash App Outlook As Earnings Top Estimates
Shares of Block (NYSE: SQ) surged more than 26% today after the company reported earnings results for the fourth quarter and full year of 2021, while also providing guidance for the year ahead. Block reported adjusted earnings per share of $0.27 in the quarter on revenue of $4.08 billion, both of which beat analyst estimates.
Cash App Is King for Block Stock
SQ stock climbed as December-quarter earnings, net revenue and gross payment volume topped estimates amid the acquisition of Afterpay.
What happened
A reacceleration of growth in the payments and neobanking app is reigniting investors’ faith in the fintech darling.
So what
The stock market is having a fairly strong day on Thursday after a multiday slump caused by renewed COVID-19 fears. At 10:20 a.m. ET, the S&P 500 index was higher by about 0.6%. However, not all stocks were having a good day. Fintech giant Square ( SQ -5.53% ) was a major underperformer, its shares having declined by about 3.5%.
Now what
There are two likely explanations for Square's underperformance. First, it's worth noting that the tech sector is one of the worst performers of the day. The tech-heavy Nasdaq is hovering around the flatline. So some of the underperformance can be attributed to sector weakness.
Premium Investing Services
The name change comes just days after Dorsey decided to step down from Twitter ( TWTR -0.52% ) and focus exclusively on Square. And based on today's move, it doesn't seem investors know quite what to make of it.
What happened
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
So what
Shares of fintech giant Square (NYSE: SQ) had fallen by more than 4% as of 11:27 a.m. EDT Friday after an analyst at Jefferies said they expect the company to miss earnings estimates in its upcoming quarterly report.
Now what
Analysts on average are expecting to hear Square report third-quarter earnings of $0.39 per share on total revenue of $4.57 billion. There is, however, a pretty wide range among the individual predictions, with a low estimate of just $0.02 per share and a high estimate of $0.63 per share.
The Motley Fool
Square has been growing at an extremely fast clip and expectations are clearly sky high. And given that it's not entirely clear how the pandemic's Delta variant surge may have shaken things up for the company in the third quarter, it's possible that it will miss earnings estimates.
Cryptocurrency Volatility
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
Buy SQ Stock for the Long-Term
Square’s Cash App remains in demand and the company continues to report decent financial results. In this year’s third quarter, Square reported that its revenue rose 27% year-over-year. While fairly strong, it was a sharp decline from the annualized revenue growth of 143% recorded in this year’s second quarter.
SQ Stock Has a Healthy Valuation
Jack Dorsey is a visionary who conceived of Twitter as an undergraduate student at New York University. Since then, he has built both Twitter and Square into global leaders in their respective fields. Now that Dorsey is free of his daily responsibilities at Twitter, he can concentrate on Square and his vision for the future of digital payments.
Accumulate Square for the Long Term
Square’s financials support its valuation. I am by no means saying that it is a cheap stock to buy. Value is relative and it’s important to know the metrics that matter. Management more than quadrupled its revenues in 3 years. Its net income is now positive and improving fast. Gross profit is now $4 billion on a trailing 12 months.