PREVIEW: Block climbs ahead of report

Block Inc XYZ.N shares gaining 0.7% on Thurs ahead of qtrly results after the bell, as investors watch for signs of health in consumer spending following last qtr's profit drop and guidance cut

Analysts expect the online payments firm to report qtrly rev up 3% to $6.31 bln; adj EPS seen at $0.69 vs $0.93 yr-ago, per LSEG

XYZ on May 1 cut its 2025 profit forecast and missed estimates for qtrly earnings as it grappled with muted consumer spending amid worries about tariffs

XYZ stock down about 10% YTD vs S&P 500 .SPX up 7%

Stock recently at 23x expected earnings, well below 5-yr avg forward PE of 65