Square Investors Shouldn't Worry About Its Weak Guidance [The Motley Fool]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: The Motley Fool
Square Investors Shouldn't Worry About Its Weak Guidance Investors slammed Square shares after second-quarter guidance came in light. Square 's ( NYSE:SQ ) first-quarter earnings results came in above expectations, but management's outlook for the second quarter disappointed. CFO Amrita Ahuja said she expects Square's adjusted revenue in the second quarter to come in between $545 million and $555 million. Analysts were expecting about $556 million, on average. The disappointing near-term outlook combined with a slight underperformance in gross payment volume during the first quarter led investors to punish the stock. That's not surprising, considering shares were practically priced for perfection. But long-term investors shouldn't worry about Square's second-quarter outlook. The company actually raised its guidance for the full year, and it's showing promising growth from one of its most important ancillary products. The table below shows Square's second-quarter and full-year adjuste
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- Block, Inc. (NYSE: SQ) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $100.00 price target on the stock.MarketBeat
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Sec Filings
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- 4/4/24 - Form 4
- 4/4/24 - Form 4
- SQ's page on the SEC website