Block Inc XYZ shares are tanking on Friday after the company announced on Thursday downbeat first-quarter results.The announcement came amid an exciting earnings season. Here are some key analyst takeaways.Benchmark On BlockAnalyst Mark Palmer downgraded the rating from Buy to Hold.Cash App generated gross profits of $1.38 billion, missing Street estimate of $1.42 billion, which contributed to "Block's shortfalls on other metrics," Palmer said in a note. The company reported gross payment volume (GPV) of $5 ...

Key Takeaways Energy companies are expected to face a harsh reporting period. Earnings for the broader Zacks Oil & Energy sector expected to be down -22.7% YoY. XOM and CVX are both two energy titans on the reporting docket this week. Earnings season continues to move rapidly, with a notably rich reporting docket this week. A few big-tech names and representatives from many sectors have delivered their quarterly prints, with next week just as exciting.Among the bunch this week are two energy titans, Exxon ...

Core Insights - The earnings season is witnessing a significant rebound for many companies, with results coming in better than expected, leading to sharp rallies in stock prices [1]. Group 1: Market Trends - Companies are experiencing a stock market rebound, but investors should remain cautious about potential risks despite the positive earnings reports [1]. Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies and has worked in Silicon Valley, providing insights into current industry trends [1]. - He has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating a strong presence in the investment community [1].

Markets are breathing a huge sigh of relief as we enter into the thick of the Q1 earnings season. Across all sectors, the major theme appears to be "not as bad as feared." Many companies are revising theirWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 20 ...

Core Viewpoint - Phillips 66 (PSX) is expected to report first-quarter 2025 earnings on April 25, with factors influencing performance including gasoline demand, refining margins, and crude oil prices [1][4][5]. Group 1: Previous Quarter Performance - In the last reported quarter, PSX had an adjusted loss of 15 cents per share, which was better than the Zacks Consensus Estimate of a loss of 20 cents, attributed to higher renewable fuel margins and reduced costs [2]. - PSX has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 12.95% [2]. Group 2: Earnings Estimates - The Zacks Consensus Estimate for first-quarter earnings per share is 42 cents, reflecting a decline of 77.9% from the same quarter last year [3]. - The estimated revenue for the first quarter is $30.67 billion, indicating a 15.8% decrease from the previous year [3]. Group 3: Market Factors - Demand for gasoline in the U.S. remained resilient, but global challenges such as regional supply imbalances and demand fluctuations may have impacted performance [4]. - A decline in refining margins, as indicated by EIA data showing softer gasoline and distillate crack spreads, could pressure PSX's refining business [5]. - The average spot price for West Texas Intermediate crude was $68.24 per barrel in March 2025, down from $81.28 in March 2024, which may affect revenues in PSX's Midstream and Marketing segments [6]. - Volatility in natural gas prices could squeeze margins if energy costs rise without sufficient pricing power in the downstream market [7]. Group 4: Earnings Whispers - Current analysis does not indicate an earnings beat for PSX, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [8].