Block Inc reports results for the quarter ended December 31 - Earnings Summary

• Block Inc XYZ.N reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of thirty two analysts for the quarter was for earnings of 87 cents per share. Wall Street expected results to range from 53 cents to $1.10 per share.

• Revenue rose 4.5% to $6.03 billion from a year ago; analysts expected $6.29 billion.

• Block Inc's reported EPS for the quarter was $3.05​.

• The company reported quarterly net income of $1.95 billion.

• Block Inc shares had fallen by 1.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 34 "strong buy" or "buy," 7 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the business support services peer group is also "buy"

Wall Street's median 12-month price target for Block Inc is $108.00

This summary was machine generated from LSEG data February 20 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)