SQ Earnings Prediction
The chart below shows how SQ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SQ sees a +3.16% change in stock price 10 days leading up to the earnings, and a +3.14% change 10 days following the report. On the earnings day itself, the stock moves by +0.70%. This data can give you a slight idea of what to expect for the next quarter's release.
SQ Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.98B
6.38%
-2.92%
Gross Margin
37.04%
13.00%
3.99%
Operating Margin
9.75%
182.61%
12.33%
Net Margin
4.70%
883.33%
52.60%
EPS
0.45
1000.00%
45.16%
No Data Available
SQ Earnings Analysis
Block, Inc. Corporation (SQ.N) Earnings Conference Call
Positive
Gross Profit Increase: Gross profit was $2.25 billion, up 19% year-over-year with 16% growth for Square and 21% growth for Cash App.
Record Profitability and Margin Improvement: We delivered a significant increase in profitability on a year-over-year basis with meaningful margin improvement, and our highest quarterly profitability ever for both adjusted operating income and adjusted EBITDA on a dollar and margin basis.
Free Cash Flow Increase: For the 12 months ending in September, adjusted free cash flow was $1.5 billion compared to $945 million in the prior 12 months.
Gross Profit Growth Forecast: For the fourth quarter of 2024, we expect gross profit of $2.31 billion or 14% growth year-over-year.
Guidance Update on Income: We have raised our guidance on adjusted operating income and adjusted EBITDA, and we have maintained the gross profit guidance we outlined in August.
Negative
Free Cash Flow Increase: For the 12 months ending in September, adjusted free cash flow was $1.5 billion compared to $945 million in the prior 12 months.
Guidance Update 2024: For full year 2024, we have raised our guidance on adjusted operating income and adjusted EBITDA, and we have maintained the gross profit guidance we outlined in August.
Gross Profit Growth Forecast: For the fourth quarter of 2024, we expect gross profit of $2.31 billion or 14% growth year-over-year.
Creativity from Constraints: We have seen constraints breed creativity and drive continuous improvement in how we serve customers.
Operating Expense Improvement: We have seen significant improvement in our operating expense base.
SQ FAQs
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SQ Earning Call Sentiment
Block, Inc. (SQ) Q3 2024 Earnings Call Transcript
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SQ.N
0%Positive
The earnings call highlights strong financial performance with record profitability, increased free cash flow, and raised guidance. The Q&A section indicates positive sentiment despite some uncertainties, with management addressing competitive pressures and regulatory compliance effectively. The announced $3 billion share repurchase program and optimistic guidance for 2024 and 2025 further support a positive outlook. However, some partner benefits delayed to 2025 and unclear management responses slightly temper enthusiasm. Overall, the stock price is likely to see a positive movement of 2% to 8% over the next two weeks.
