What is William Blair's Estimate for Block Q3 Earnings?

Block, Inc. (NYSE:XYZ - Free Report) - Investment analysts at William Blair cut their Q3 2026 earnings per share estimates for shares of Block in a research note issued 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.

XYZ has been the subject of a number of other reports. Wells Fargo & Company downgraded Block from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $95.00 to $50.00 in a research note on Friday, May 2nd. Stephens restated an "overweight" rating and set a $75.00 price objective on shares of Block in a research note on Friday, May 2nd. Bank of America lowered their price objective on Block from $94.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Citigroup lowered their price objective on Block from $108.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Finally, Seaport Res Ptn downgraded Block from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $74.38.

Block Stock Down 2.3%

Shares of XYZ opened at $67.82 on Wednesday. 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 firm has a 50 day simple moving average of $61.00. Block has a 52-week low of $44.27 and a 52-week high of $99.26. The firm has a market cap of $41.71 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.57 and a beta of 2.74.

Insider Activity

In other news, insider Chrysty Esperanza sold 7,500 shares of the stock in a transaction dated Monday, May 12th. The stock was 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 of the company's stock, valued at approximately $7,366,700. This represents a 5.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Grassadonia sold 6,494 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $56.39, for a total value of $366,196.66. Following the transaction, the insider directly owned 591,629 shares in the company, valued at approximately $33,361,959.31. This represents a 1.09% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,687 shares of company stock valued at $4,377,506. Corporate insiders own 10.49% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.