Square, Inc. (NYSE:SQ) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.16 per share.
Looking ahead, the full year income are expected at $ 0.56 per share on the revenues of $ 7502.60 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 5,900.00 million ~ $ 5,960.00 million, where as bottomline are predicted in a range of $ 0.88 ~ $ 0.92 per share
Click Here For More Historical Outlooks Of Square, Inc.
Previous Quarter Performance
Square, Inc. reported income for the second quarter of $ 0.18 per share, from the revenue of $ 1,924.00 million. The consensus estimates are loss of $ 0.05 per share from $ 1130.00 million in revenue. The bottom line results beat street analysts by $ 0.23 or 460.00 percent, at the same time, top line results outshined analysts by $ 794.00 million or 70.27 percent.
Stock Performance
Shares of Square, Inc. traded up $ 13.08 or 8.27 percent on Wednesday, reaching $ 171.29 with volume of 7.65 million shares. Square, Inc. has traded high as $ 171.36 and has cracked $ 162.15 on the downward trend
The closing price of $ 171.29, representing a 389.36 % increase from the 52 week low of $ 32.33 and a 18.21 % decrease over the 52 week high of $ 193.44.
The company has a market capital of $ 75.97 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by RBC Capital at Outperform rating, with $ 240.00 target price.
- On 5th October 2020, maintained by Susquehanna Bancshares at Positive rating, with $ 195.00 target price.
- On 29th September 2020, upgraded by Wolfe Research to Outperform from Peer Perform rating.
Conference Call
Square, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.squareup.com
Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The companys commerce ecosystem includes point-of-sale software and hardware that offers sellers to payment and point-of-sale solutions.
