Block (SQ) hikes full-year outlook as fiscal Q1 results top estimates, stock up
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William Blair Comments on Block Inc. (SQ)
May 3, 2024 7:13 AM EDTWilliam Blair analyst Cristopher Kennedy reiterated a Market Perform rating on Block Inc. (NYSE: SQ).
The analyst comments "Stock thoughts and risks. We are encouraged by managements increased focus on profitable growth, yet reiterate our Market Perform rating as we feel... More
RBC Capital Reiterates Outperform Rating on Block Inc. (SQ)
May 3, 2024 6:37 AM EDTRBC Capital analyst Daniel Perlin reiterated an Outperform rating and $88.00 price target on Block Inc. (NYSE: SQ)
The analyst comments "SQ delivered another beat on adj. EBITDA, reiterating its focus on profitability and its goal of achieving the Rule of 40 by FY26, with FY24 guidance... More
Evercore ISI Comments on Block Inc. (SQ)
May 3, 2024 6:17 AM EDTEvercore ISI analyst David Togut reiterated an In Line rating and $75.00 price target on Block Inc. (NYSE: SQ).
The analyst comments "SQ raised 2024 gross profit, adjusted operating income and adjusted EBITDA guidance. And while updated guidance largely matched our estimates, they exceeded consensus forecasts across all metrics. We see conservatism in managements 2024 guidance with scope for upside as we progress... More
Deutsche Bank Comments on Block Inc. (SQ)
May 3, 2024 6:10 AM EDTDeutsche Bank analyst Bryan Keane reiterated a Buy rating and $90.00 price target on Block Inc. (NYSE: SQ)
The analyst comments "SQ yet again reported strong quarterly results with 1Q24 gross profit growth coming in well ahead of expectations at ~22% Y/Y along with $100m+ beats in adj. EBITDA and adj. operating income.... More
Goldman Sachs Comments on Block Inc. (SQ)
May 3, 2024 5:59 AM EDTGoldman Sachs analyst Michael Ng reiterated a Buy rating and $94.00 price target on Block Inc. (NYSE: SQ).
The analyst comments "SQ's 2Q24 gross profit, AOI, and EBITDA beat on better-than-expected performance in both Cash App & Seller gross profit as well as better opex.... More
Block (SQ) Tops Q1 EPS by 13c
May 2, 2024 4:17 PM EDTBlock (NYSE: SQ) reported Q1 EPS of $0.85, $0.13 better than the analyst estimate of $0.72. Revenue for the quarter came in at $5.96 billion versus the consensus estimate of $5.83 billion.
We are raising our full-year outlook to reflect outperformance in the first quarter and our improved... More
