Block's Earnings Estimate Soars
Key points:
- Current year's estimate for Block up 15.6%
- Block's estimate for fiscal year ending 2024 up 73.9%
Block, the mobile payments services provider, has experienced a significant increase in earnings estimate revisions. Over the past month, the estimate for the current year has risen 15.6% to $3.13. This figure signifies a year-over-year change of 73.9% for the fiscal year ending December 2024.
In the past three months, the estimate for Block has increased by 34.7%. The size of the recent change in the estimate, along with three other factors related to earnings estimates, has resulted in an upgrade for Block. This positions Block in the top 20% of stocks in terms of estimate revisions.