NEW YORK, Feb. 20, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Block, Inc. (NYSE: XYZ).Shareholders who purchased shares of XYZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/block-inc-loss-submission-form/?id=130524&from=4CLASS PERIOD: February 26, 2020 to April 30, 2024 ...

Group 1 - Block Inc is expected to report fourth-quarter earnings of $0.88 per share on revenue of $6.29 billion, reflecting year-over-year increases of 95.6% in earnings and 9% in revenue [1] - The stock is currently down 0.7% at $83.58, with a three-month decline of 6.9% and a year-to-date decrease of 1.8%, although support from the 100-day moving average has helped contain losses [2] - Block has a strong earnings performance history, matching or exceeding estimates in six of the last eight quarters, and has moved higher in five of the last eight post-earnings sessions [3] Group 2 - Analysts remain bullish on Block, with 30 out of 37 analysts rating it a "buy" or better [4] - Options traders anticipate a significant post-earnings move, with an expected 13.9% swing in either direction based on the at-the-money straddle of options [3]

Block (XYZ) is set to report its fourth-quarter 2024 results on Feb. 20.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter revenues is currently pegged at $6.23 billion, indicating growth of 7.99% year over year. The consensus mark for earnings is currently pegged at 83 cents per share, up by a penny over the past 30 days. The figure indicates an 84.44% jump from the year-ago quarter’s reported figure.Block’s earnings beat the Zacks Consens ...

Eni SpA (E) , the Italian energy giant, has signed an agreement with Egypt and Cyprus for the development and export of gas from Cyprus’ Block 6 through Egypt’s existing infrastructure. The deal, signed in Cairo on Feb. 17, marks a significant step toward establishing an Eastern Mediterranean gas hub.The agreement, signed by Egypt’s minister of Petroleum Karim Badawi, Cyprus’ minister of Energy George Papanastasiou, Eni CEO Claudio Descalzi, and TotalEnergies, outlined a framework for the rapid development ...

Core Viewpoint - A class action securities lawsuit has been filed against Block, Inc. alleging securities fraud that affected investors between February 26, 2020, and April 30, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Block engaged in significant compliance lapses at its Square and Cash App platforms, failing to conduct due diligence on customer identities and transactions [2]. - It is alleged that Block created an environment that facilitated illegal activities, including money laundering, child sexual abuse, and drug trafficking, by imposing minimal obligations on customers [2]. - The complaint states that Block allowed customers to withdraw funds from flagged accounts and open multiple accounts using fake identities, further enabling illicit activities [2]. - Block's senior leadership reportedly ignored numerous red flags and internal reports regarding compliance deficiencies, leading to inflated user metrics through fake accounts [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 18, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

NEW YORK, Feb. 17, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of Block, Inc. (NYSE: SQ, XYZ) between February 26, 2020 and April 30, 2024, both dates inclusive (the “Class Period”), of the important March 18, 2025 lead plaintiff deadline. SO WHAT: If you purchased Block Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee a ...

Core Insights - Block (XYZ) is expected to report quarterly earnings of $0.83 per share, reflecting an 84.4% increase year-over-year, with revenues projected at $6.23 billion, an 8% increase from the previous year [1] - The consensus EPS estimate has been revised down by 1.3% in the last 30 days, indicating a reassessment by analysts [1][2] Revenue Estimates - Analysts estimate 'Revenue- Hardware' at $32.01 million, a decrease of 1.4% from the prior year [4] - 'Revenue- Subscription and services-based' is projected to reach $1.87 billion, marking a 15.1% increase year-over-year [4] - 'Revenue- Transaction-based' is expected to be $1.68 billion, reflecting a 5.2% increase from the previous year [4] - The consensus for 'Revenue- Bitcoin' stands at $2.65 billion, indicating a 5% increase year-over-year [5] - 'Revenue- Square- Total' is forecasted at $1.98 billion, representing a 9.1% increase from the prior year [5] - 'Revenue- Square- Hardware' is expected to be $32.55 million, a slight increase of 0.3% year-over-year [5] - 'Revenue- Corporate and Other- Total' is estimated at $49.53 million, a decrease of 0.3% from the previous year [6] - 'Revenue- Square- Subscription and services-based' is projected to reach $340.13 million, a 16% increase year-over-year [6] - 'Revenue- Square- Transaction-based' is estimated at $1.60 billion, reflecting a 7.8% increase from the prior year [7] - 'Revenue- Cash App- Bitcoin' is forecasted at $2.51 billion, a decrease of 0.4% from the previous year [7] - 'Revenue- Cash App- Transaction-based' is expected to be $75.39 million, indicating a significant decrease of 30.8% year-over-year [7] Gross Payment Volume - Analysts predict 'Gross Payment Volume (GPV)' to reach $61.42 billion, an increase from $57.49 billion reported in the same quarter last year [8] Stock Performance - Over the past month, Block shares have recorded a return of -2.4%, compared to a +4.9% change in the Zacks S&P 500 composite [8]

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Block, Inc. ("Block" or the "Company") (NYSE: XYZ) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Block investors who were adversely affected by alleged securities fraud between February 26, 2020 and April 30, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/block-inc-lawsuit-submission-form-2?prid=129 ...

NEW YORK, Feb. 13, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of Block, Inc. (NYSE: SQ, XYZ) between February 26, 2020 and April 30, 2024, both dates inclusive (the "Class Period"), of the important March 18, 2025 lead plaintiff deadline.So what: If you purchased Block Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangem ...

NEW YORK, Feb. 13, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Block, Inc. (NYSE: XYZ).Shareholders who purchased shares of XYZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/block-inc-loss-submission-form/?id=128943&from=4CLASS PERIOD: February 26, 2020 to April 30, 2024 ...