Block (XYZ) Surpasses Q2 Earnings Estimates

Company Performance - Block reported quarterly earnings of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.60 per share, but down from $0.93 per share a year ago, indicating a 33.33% year-over-year decline [1] - The company posted revenues of $6.05 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 4.17% and down from $6.16 billion year-over-year [2] - Over the last four quarters, Block has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Performance - Block shares have declined approximately 10.4% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3] - The current Zacks Rank for Block is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.65 on revenues of $6.38 billion, while the estimate for the current fiscal year is $2.45 on revenues of $24.94 billion [7] - The outlook for the Internet - Software industry, where Block operates, is currently in the top 28% of over 250 Zacks industries, indicating a favorable environment for potential stock performance [8]