Analysts Issue Forecasts for Block's Q1 Earnings (NYSE:XYZ)

Key Points

• Block, Inc. has seen a slight reduction in Q1 2026 EPS estimates from Seaport Res Ptn, now expecting earnings of $0.65 per share compared to a prior estimate of $0.66.
• KeyCorp upgraded Block's price target from $60.00 to $100.00, while BNP Paribas Exane downgraded the stock to "neutral" with a target of $86.00.
• The stock currently has a consensus rating of "Moderate Buy" with an average target price of $80.64, backed by a mix of ratings from multiple analysts.

Block, Inc. (NYSE:XYZ - Free Report) - Equities research analysts at Seaport Res Ptn lowered their Q1 2026 EPS estimates for Block in a research report issued to clients and investors on Monday, October 13th. Seaport Res Ptn analyst J. Cantwell now expects that the technology company will earn $0.65 per share for the quarter, down from their previous estimate of $0.66. The consensus estimate for Block's current full-year earnings is $2.54 per share. Seaport Res Ptn also issued estimates for Block's Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.86 EPS, Q4 2026 earnings at $0.97 EPS and FY2026 earnings at $3.15 EPS.

Other research analysts have also recently issued reports about the stock. KeyCorp increased their price target on shares of Block from $60.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. BNP Paribas Exane downgraded shares of Block from an "outperform" rating to a "neutral" rating and set a $86.00 price target for the company. in a research report on Tuesday, September 2nd. Monness Crespi & Hardt lifted their price target on shares of Block from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Evercore ISI lifted their price target on shares of Block from $75.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, BTIG Research set a $80.00 price target on shares of Block and gave the company a "buy" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $80.64.

Block Trading Up 1.4%

NYSE XYZ opened at $76.09 on Wednesday. The stock has a market capitalization of $46.38 billion, a P/E ratio of 16.29, a P/E/G ratio of 3.03 and a beta of 2.71. Block has a 52-week low of $44.27 and a 52-week high of $99.26. The firm has a 50-day moving average price of $76.22 and a 200 day moving average price of $67.04. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.16.

Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.41. The firm had revenue of $6.05 billion during the quarter, compared to analysts' expectations of $6.32 billion. Block had a net margin of 12.32% and a return on equity of 7.85%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year.

Insider Buying and Selling

In other Block news, CFO Amrita Ahuja sold 16,358 shares of Block stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $78.60, for a total value of $1,285,738.80. Following the completion of the sale, the chief financial officer directly owned 308,397 shares of the company's stock, valued at approximately $24,240,004.20. The trade was a 5.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian Grassadonia sold 35,145 shares of Block stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $80.00, for a total transaction of $2,811,600.00. Following the completion of the sale, the insider directly owned 535,896 shares of the company's stock, valued at $42,871,680. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,492 shares of company stock valued at $11,114,664. 10.49% of the stock is currently owned by company insiders.

Institutional Trading of Block

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. purchased a new stake in shares of Block during the 2nd quarter valued at $3,730,489,000. Sands Capital Management LLC acquired a new position in shares of Block during the 2nd quarter valued at $702,446,000. Geode Capital Management LLC acquired a new position in shares of Block during the 2nd quarter valued at $634,721,000. Dragoneer Investment Group LLC acquired a new position in Block in the 2nd quarter worth $627,233,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Block in the 2nd quarter valued at about $535,305,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

About Block

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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