Ticker delayed 20 minutes
Avg Daily Volume: 7,734,654 Market Cap: 26.74B Sector: None Short Interest: 10.68 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .20/share REV: 596.38/M
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LAST QTR: EPS: .16/share ACTUAL: .21/share (BEAT)
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NEXT QTR: EPS: .25/share REV: 621.24/M
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FULL YR: EPS: .77/share REV: 2,270/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 60% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -16.95, -10.26, -5.98
EXPECTED JUMP MOVE: 12-15%
Links To Latest News and Headlines
Square stock popped after Block reported Q1 earnings and revenue that topped estimates while EBITDA guidance came in above expectations.
Block, Inc. (NYSE:SQ) Q1 2024 Earnings Call Transcript May 2, 2024 Block, Inc. beats earnings expectations. Reported EPS is $0.85, expectations were $0.72. Block, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day, ladies and gentlemen, and welcome […]
Shares of Block (SQ) are moving up Friday morning — gains eventually pulling back after the market open, but remaining in the green — after the fintech company posted its first-quarter earnings results, revealing a 22% gain in gross profit, compared to one year ago. The company announced that they plan on using 10% of those profits from bitcoin (BTC-USD) products, to buy more bitcoin as an investment. Morning Brief Anchor Brad Smith breaks down the latest development for Block as it leans heavier into investing in bitcoin For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
US stock futures (^DJI, ^IXIC, ^GSPC) are ripping higher ahead of Friday’s session open after the US Bureau of Labor Statistics reported 175,000 jobs were added to the US economy, a cooler print than previous months seen so far in 2024. What does this mean for interest rate cut hopes? Apple (AAPL) stock is rising in pre-market trading after topping fiscal second-quarter earnings estimates on Thursday, despite reporting falling iPhone sales year-over-year. Lastly, Block (SQ) shares are popping after reporting plans to focus more on bitcoin (BTC-USD) in its latest earnings report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
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