Trading Strategies For Block Stock Before And After Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Block, Inc (NYSE:SQ) is heading into its Q3 earnings print after a 5% increase in its stock. The company beat Q2 earnings with a revenue of $5.54 billion and earnings per share of 39 cents. Analysts estimate Q3 earnings per share of 45 cents on revenues of $5.43 billion. Wells Fargo analyst Jeff Cantwell initiated an Equal-Weight rating on Block with a price target of $45. Block's stock is currently in a downtrend but shows signs of bullish divergence.
November 02, 2023 | 4:33 pm
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Block, Inc's stock is currently in a downtrend but shows signs of bullish divergence. The company beat Q2 earnings and analysts predict a similar outcome for Q3. Wells Fargo rates Block as Equal-Weight with a $45 price target.
Block, Inc's stock is currently in a downtrend, which could negatively impact its short-term price. However, the company beat Q2 earnings and analysts predict a similar outcome for Q3, which could positively impact its price. Wells Fargo's Equal-Weight rating suggests a neutral outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100