Block Q2 revenue and profit beat analyst expectations
SQ•Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 39 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the business support services peer group is "buy"
- Wall Street's median 12-month price target for Block, Inc. is $92.00, about 8.7% above its August 4 closing price of $84.64
- The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago
Q2 results beat estimates
- Payments platform's Q2 revenue rose, beating analyst expectations
- Adjusted EPS for Q2 beat analyst expectations
- Adjusted EBITDA for Q2 beat analyst expectations
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $6.62 bln | $6.49 bln (27 Analysts) |
| Q2 Adjusted EPS | Beat | $1.02 | $0.87 (31 Analysts) |
| Q2 EPS | $0.15 | ||
| Q2 Adjusted EBITDA | Beat | $1.20 bln | $1.05 bln (26 Analysts) |
Outlook and result drivers
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Block Inc did not provide specific financial guidance for the current or upcoming quarters
