We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Square (SQ) Rallies on Q1 Earnings Beat, GPV Increases 33%
Read MoreHide Full Article
Square Inc. (SQ - Free Report) just released its first quarter fiscal 2017 financial results, posting earnings of a loss of 4 cents per share and revenues of $462 million. Currently, SQ is a #3 (Hold) on the Zacks Rank, and is up 5.3% to $19.25 per share in trading shortly after its earnings report was released.
Square:
Beat earnings estimates. The company posted earnings of a loss of 4 cents per share, topping the consensus estimate of a loss of 8 cents per share. Net income was a loss of $15 million for the quarter, up $82 million year-over-year.
Beat revenue estimates. The company saw total revenue figures of $462 million, beating our consensus estimate of $451 million and growing 22% year-over-year.
Square processed $13.6 billion of gross payment volume (GPV), representing an increase of 33% from the prior year period. The company continued to see strength from larger sellers, which are those that generate more than $125,000 in annualized GPV.
Adjusted EBITDA was $27 million in the first quarter of 2017, compared to a loss of $9 million in the first quarter of 2016, an improvement of $36 million on a year-over-year basis. First-quarter Adjusted EBITDA margin of 13% is an improvement of 19 percentage points year over year.
Looking ahead, Square expects total net revenues between $2.12 billion and $2.16 billion for fiscal 2017, with adjusted EBITDA between $110 million and $120 million. Net income (loss) per share is estimated in the range of $(0.24) and $(0.20), while adjusted EPS should fall between 16 cents and 20 cents per share.
Here’s a graph that looks at Square’s price, consensus, and EPS surprise:
Square, Inc. offers financial services and marketing services. The Company provides payments and point-of-sale which include hardware and software to accept payments, streamline operations and analyze business information. Its payments and POS services include In-Person Payments, Online Payments, Square Cash, Square Register, Square Analytics, Square Appointments and Square App Marketplace. The Company's financial services include Square Capital and Square Payroll. Square, Inc. is headquartered in San Francisco, California.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street.
They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Square (SQ) Rallies on Q1 Earnings Beat, GPV Increases 33%
Square Inc. (SQ - Free Report) just released its first quarter fiscal 2017 financial results, posting earnings of a loss of 4 cents per share and revenues of $462 million. Currently, SQ is a #3 (Hold) on the Zacks Rank, and is up 5.3% to $19.25 per share in trading shortly after its earnings report was released.
Square:
Beat earnings estimates. The company posted earnings of a loss of 4 cents per share, topping the consensus estimate of a loss of 8 cents per share. Net income was a loss of $15 million for the quarter, up $82 million year-over-year.
Beat revenue estimates. The company saw total revenue figures of $462 million, beating our consensus estimate of $451 million and growing 22% year-over-year.
Square processed $13.6 billion of gross payment volume (GPV), representing an increase of 33% from the prior year period. The company continued to see strength from larger sellers, which are those that generate more than $125,000 in annualized GPV.
Adjusted EBITDA was $27 million in the first quarter of 2017, compared to a loss of $9 million in the first quarter of 2016, an improvement of $36 million on a year-over-year basis. First-quarter Adjusted EBITDA margin of 13% is an improvement of 19 percentage points year over year.
Looking ahead, Square expects total net revenues between $2.12 billion and $2.16 billion for fiscal 2017, with adjusted EBITDA between $110 million and $120 million. Net income (loss) per share is estimated in the range of $(0.24) and $(0.20), while adjusted EPS should fall between 16 cents and 20 cents per share.
Here’s a graph that looks at Square’s price, consensus, and EPS surprise:
Square, Inc. Price, Consensus and EPS Surprise
Square, Inc. Price, Consensus and EPS Surprise | Square, Inc. Quote
Square, Inc. offers financial services and marketing services. The Company provides payments and point-of-sale which include hardware and software to accept payments, streamline operations and analyze business information. Its payments and POS services include In-Person Payments, Online Payments, Square Cash, Square Register, Square Analytics, Square Appointments and Square App Marketplace. The Company's financial services include Square Capital and Square Payroll. Square, Inc. is headquartered in San Francisco, California.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street.
They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now>>