Block (XYZ) Misses Q1 Earnings and Revenue Estimates

Company Performance - Block reported quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.88 per share, and down from $0.85 per share a year ago, representing an earnings surprise of -36.36% [1] - The company posted revenues of $5.77 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 6.65%, and down from $5.96 billion year-over-year [2] - Over the last four quarters, Block has surpassed consensus EPS estimates just once and has not beaten consensus revenue estimates [2] Stock Performance - Block shares have lost about 31.2% since the beginning of the year, compared to the S&P 500's decline of -5.3% [3] - The current status of estimate revisions for Block is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $1 on $6.59 billion in revenues, and $4.12 on $26.06 billion in revenues for the current fiscal year [7] - The outlook for the industry can significantly impact the stock's performance, with the Internet - Software industry currently in the bottom 43% of Zacks industries [8]