Ticker delayed 20 minutes
Avg Daily Volume: 6,735,839 Market Cap: 35.87B
Sector: None Short Interest: 10.24
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .21/share REV: 593.17/M
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LAST QTR: EPS: .20/share ACTUAL: .25/share (BEAT)
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NEXT QTR: EPS: .16/share REV: 610.26/M
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FULL YR: EPS: .78/share REV: 2,240/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: 63% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 8.57, -16.95, -10.28
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif., January 09, 2025–Block, Inc. (NYSE: SQ) announced today that it will be changing its ticker symbols from “SQ” and “SQ2” to “XYZ”. This is in connection with the company’s earlier name change to “Block” and its ecosystem of brands including Cash App, Square, Afterpay and TIDAL. The change will be implemented across the company’s dual listings on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX). Effective January 21, 2025, the
Dow Jones payments giant American Express, along with Block and GE Vernova, are in or near buy zones in today’s stock market.
As the U.S. stock market rebounds from a sluggish start to 2025, with major indices like the S&P 500 and Nasdaq snapping five-session losing streaks, investors are closely watching for growth opportunities amid ongoing volatility. In this environment, companies with high insider ownership can offer unique insights into potential earnings growth, as insiders often have confidence in their firm’s future prospects and alignment with shareholder interests.
Analyst Expects 33% Upside, Driven by Strong GPV Growth and Product Innovation
Morning Brief anchors Brad Smith and Madison Mills examine today’s top Wall Street analyst calls. RBC Capital has increased its price target on ServiceNow (NOW) to $1,210 per share from $1,045. The firm highlights ServiceNow’s potential to monetize generative AI demand through its Pro Plus offering, launched in 2023. Wolfe Research has upgraded pet retailer Chewy (CHWY) to Outperform, pointing to multiple growth drivers: improving customer acquisition, increased net sales, new product initiatives, and planned international expansion. Additionally, Raymond James has raised its rating on Block (SQ) to Outperform with a price target of $115, expressing confidence in the company’s growth prospects for 2025. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
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