Fintech Block Inc (NYSE:SQ) is set to report fourth quarter financial results after market close Thursday.
Here’s an overview of analyst predictions, their insights before the quarterly report, and crucial points for investors to watch.
Earnings Estimates: Analysts expect Block to report fourth quarter revenue of $5.70 billion, according to data from Benzinga Pro.
The company reported revenue of $4.65 billion in last year’s fourth quarter. Block has beaten analysts’ estimates for revenue in the last six straight quarters.
Analysts expect Block to report earnings per share of 59 cents, compared to 22 cents in the prior year period. The company has beaten earnings per share estimates in three of the last four quarters and five of the last six quarters.
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What Analysts Are Saying: A focus on profitability could see Block terminate unprofitable businesses, Wedbush analyst Moshe Katri said in an investor note.
The analyst raised the rating from Neutral to …
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