Block, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Block, Inc. XYZ.N reported quarterly adjusted earnings of $1.13​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of thirty nine analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from 93 cents to $1.05 per share.

• Revenue rose 9.9% to $6.72 billion from a year ago; analysts expected $6.59 billion.

• Block, Inc.'s reported EPS for the quarter was 92 cents​.

• The company reported quarterly net income of $565.55 million.

• Block, Inc. shares had risen by 4.8% this quarter and gained 18.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 39 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for Block, Inc. is $100.00, about 24% above its last closing price of $76.00

This summary was machine generated from LSEG data November 3 at 10:42 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)