William Blair Weighs in on Block's Q3 Earnings (NYSE:XYZ)

Block, Inc. (NYSE:XYZ - Free Report) - Equities researchers at William Blair decreased their Q3 2026 EPS estimates for Block in a report released on Tuesday, July 8th. William Blair analyst A. Jeffrey now anticipates that the technology company will post earnings of $0.36 per share for the quarter, down from their prior estimate of $0.37. The consensus estimate for Block's current full-year earnings is $2.54 per share.

Other analysts have also issued reports about the stock. BNP Paribas raised shares of Block from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. KGI Securities raised shares of Block to a "hold" rating in a research report on Friday, May 9th. Seaport Res Ptn lowered shares of Block from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. Argus set a $59.00 price target on shares of Block in a research report on Monday, May 5th. Finally, Canaccord Genuity Group decreased their price target on shares of Block from $100.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.69.

Block Price Performance

Shares of XYZ stock traded down $3.71 during mid-day trading on Wednesday, hitting $65.05. 12,844,561 shares of the stock traded hands, compared to its average volume of 5,756,025. The stock has a market capitalization of $40.01 billion, a PE ratio of 15.83, a P/E/G ratio of 1.47 and a beta of 2.74. The stock's fifty day moving average price is $61.78. Block has a 52-week low of $44.27 and a 52-week high of $99.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.27 and a current ratio of 2.27.

Insider Activity at Block

In other Block news, insider Owen Britton Jennings sold 1,050 shares of Block stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $69.26, for a total transaction of $72,723.00. Following the sale, the insider owned 277,924 shares of the company's stock, valued at $19,249,016.24. The trade was a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dhananjay Prasanna sold 800 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $70.00, for a total transaction of $56,000.00. Following the completion of the sale, the insider directly owned 307,151 shares of the company's stock, valued at $21,500,570. This represents a 0.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,687 shares of company stock worth $4,377,506 over the last 90 days. Corporate insiders own 10.85% of the company's stock.

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.