Analysts Issue Forecasts for Block's Q3 Earnings (NYSE:XYZ)

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

Several other research firms also recently weighed in on XYZ. The Goldman Sachs Group decreased their price objective on Block from $65.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stephens reissued an "overweight" rating and issued a $75.00 price objective on shares of Block in a report on Friday, May 2nd. Wolfe Research set a $75.00 price objective on Block in a report on Monday, May 19th. Bank of America decreased their price objective on Block from $94.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Raymond James Financial set a $79.00 price objective on Block and gave the company an "outperform" rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Block presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.69.

Block Stock Up 1.7%

Block stock traded up $1.12 during trading on Wednesday, reaching $68.96. The stock had a trading volume of 5,337,950 shares, compared to its average volume of 8,981,284. 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 of $61.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market capitalization of $42.41 billion, a PE ratio of 16.78, a PEG ratio of 1.57 and a beta of 2.74.

Insider Buying and Selling

In related news, insider Owen Britton Jennings sold 1,050 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $69.26, for a total value of $72,723.00. Following the sale, the insider directly owned 277,924 shares of the company's stock, valued at $19,249,016.24. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chrysty Esperanza sold 406 shares of Block stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $69.26, for a total value of $28,119.56. Following the sale, the insider directly owned 130,821 shares in the company, valued at approximately $9,060,662.46. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,687 shares of company stock valued at $4,377,506 in the last ninety days. 10.49% of the stock is owned by insiders.

Block Company Profile

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.