Block's Earnings Set to Soar
Key points:
- Block's earnings per share expected to rise by 60%
- Current fiscal year consensus earnings estimate at $3.03
- Next fiscal year's earnings estimate is $3.98
Block is projected to post earnings of $0.64 per share for the current quarter, marking a +60% change from the same quarter last year. The consensus earnings estimate for the current fiscal year stands at $3.03, indicating a year-over-year change of +68.3%. This estimate has seen a +10.2% change over the last 30 days.
For the upcoming fiscal year, the consensus earnings estimate is $3.98, which would be a +31.3% change from the previous year's report. However, over the past month, this estimate has decreased by -4.3%.
Block's strong externally audited track record and the recent changes in the consensus estimate, along with three other factors related to earnings estimates, have contributed to its current rating.