Block (SQ) ended the recent trading session at $91.94, demonstrating a -0.24% swing from the preceding day's closing price. This change lagged the S&P 500's 0.55% gain on the day. At the same time, the Dow lost 0.06%, and the tech-heavy Nasdaq gained 1.24%.Market participants will be closely following the financial results of Block in its upcoming release. It is anticipated that the company will report an EPS of $0.82, marking an 82.22% rise compared to the same quarter of the previous year. Meanwhile, our ...

Block (SQ) is investing aggressively in expanding its partner base, aiming to scale its distribution network. It recently inked a partnership with Sysco, a leading global foodservice distributor, which will help food and beverage sellers operate in a smoother way.Sysco’s Restaurant Solutions program is popular among food and beverage providers. Under the terms of the latest partnership, Sysco will co-promote and market Square’s technology suite to its customers.Rich Partner Base Aids SQ’s ProspectsBlock’s s ...

Goldman Sachs analyst Will Nance reiterated a Buy rating on Block, Inc. SQ with a price target of $102.The analyst said that he hosted a call with Block investor relations, and the company remains committed to achieving Rule of 40 performance by 2026, with mid-teens gross profit growth, margin expansion, and GPV acceleration expected in 2025.SQ’s stock has surged post-election, benefiting from SMB exposure, pro-cyclical trends, deregulation, and crypto market involvement, alongside a previously attractive v ...

Key TakeawaysBlock’s shares were recently higher after dropping yesterday, extending a pullback from early December highs after a steady climb from summer levels. An upgrade from Oppenheimer, which boosted its rating to “outperform” from “perform," and a bullish price target lifted the stock.The analysts cited the expectation of payment value growth at its Square business, an upbeat outlook for profit margins, and its bitcoin mining business as tailwinds for the shares.  Shares of Block rose Thursday mornin ...

Washington, D.C., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Today, the New Civil Liberties Alliance filed an amicus curiae brief in Texas Top Cop Shop v. Garland urging the U.S. Court of Appeals for the Fifth Circuit to reject the government’s request to stay a preliminary injunction against enforcement of the Corporate Transparency Act (CTA). The government cannot be allowed to maintain this unconstitutional statute, which stretches beyond Congress’s proper authority to regulate Americans. The CTA mandates that or ...

KANSAS CITY, Mo., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Even as rising levels of debt further strain household budgets, and with many Americans already facing financial pressures that could lead to even greater economic challenges in the year ahead, holiday spending is increasing. These findings echo H&R Block’s (NYSE: HRB) fourth annual 2024 Outlook on American Life report, which reveals that while many generations remain optimistic about their income and buying power, they are simultaneously burdened by overw ...

After a post-COVID boom and the sharp selloff during the inflationary bust that followed, Block, Inc (NYSE: SQ ) remained range bound for over two years. The stock finally broke out during the first trading week of December, bringing renewed attention to theRetail investor researching mostly semiconductors and fintech. Some general macro musings. My goal is to bring you timely and digestible research on the stocks that I cover.Analyst’s Disclosure: I/we have a beneficial long position in the shares of SQ ei ...

Investors are likely familiar with Block (SQ -2.26%), the budding payments and technology enterprise. It caters to merchants with its Square platform, while Cash App targets individuals.Growth has been outstanding historically, but the fintech stock hasn't panned out as hoped. It's up just 49% in the past five years and currently trades 65% below its peak from August 2021. This is despite shares rising 58% in the past four months.Investors looking to invest in Block while it's still down should know these t ...

KANSAS CITY, Mo., Dec. 05, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB), a leading provider of global tax preparation, financial products and small business solutions, today announced the promotion of George Agurkis to Vice President of Government Relations. In his new role, Agurkis will lead the government relations team and its efforts to advance the company's legislative, regulatory, and policy priorities at the state, federal, and local levels. "During his three-year tenure, George has been inst ...

Block, Inc. (NYSE:SQ) UBS Global Technology and AI Conference December 3, 2024 1:35 PM ET Company Participants Owen Jennings - Head of Business Conference Call Participants Tim Chioto - UBS Tim Chioto Okay, great. Welcome everyone. We are so glad to have with us today the team from Block. So we're going to be introducing Owen Jennings to the investment community. This is Owen's first time doing a conference like this. Owen is Block's Business Lead. We'll get into his role in a second, but I want to just tak ...