Block's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Block (NYSE:SQ) is scheduled to release its quarterly earnings report on February 22, 2024, with analysts estimating an EPS of $0.59. Historical data shows Block has had mixed earnings performance, with a notable 10.69% share price increase following last quarter's earnings beat. Shares are currently trading at $65.73, down 13.14% over the last year. Investors are keenly awaiting the report and guidance for future growth.
February 21, 2024 | 4:01 pm
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Block is anticipated to report a quarterly EPS of $0.59, with historical performance showing significant price movements post-earnings. Currently trading at $65.73, down over the past year.
Given Block's history of price movements post-earnings and the current anticipation surrounding the EPS estimate of $0.59, there is a positive outlook for short-term price movement, especially if Block beats the estimate and provides favorable future guidance. However, the overall negative trend over the past year introduces some caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100