William Blair Issues Pessimistic Outlook for Block Earnings

Block, Inc. (NYSE:XYZ - Free Report) - Investment analysts at William Blair lowered their Q3 2026 earnings estimates for Block in a research note issued on Tuesday, July 8th. William Blair analyst A. Jeffrey now forecasts that the technology company will post earnings per share of $0.36 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.

XYZ has been the subject of a number of other reports. BNP Paribas raised shares of Block from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Morgan Stanley raised their price objective on shares of Block from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday. Robert W. Baird dropped their price objective on shares of Block from $105.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group raised their price objective on shares of Block from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Wolfe Research set a $75.00 price objective on shares of Block in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.69.

Block Stock Up 0.1%

Shares of XYZ traded up $0.07 during mid-day trading on Wednesday, reaching $69.08. 2,103,913 shares of the company's stock were exchanged, compared to its average volume of 8,927,453. 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's 50-day simple moving average is $61.21. Block has a 52-week low of $44.27 and a 52-week high of $99.26. The company has a market cap of $42.49 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.53 and a beta of 2.74.

Insider Buying and Selling at Block

In related news, insider Chrysty Esperanza sold 7,500 shares of Block stock in a transaction on Monday, May 12th. The shares were sold at an average price of $55.00, for a total transaction of $412,500.00. Following the transaction, the insider owned 133,940 shares in the company, valued at approximately $7,366,700. The trade was a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dhananjay Prasanna sold 11,318 shares of Block stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $61.41, for a total transaction of $695,038.38. Following the transaction, the insider owned 318,751 shares in the company, valued at $19,574,498.91. The trade was a 3.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,687 shares of company stock worth $4,377,506. 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.