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Square (SQ) Outpaces Stock Market Gains: What You Should Know
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Square (SQ - Free Report) closed the most recent trading day at $68.47, moving +1.76% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.29%. Meanwhile, the Dow gained 1.55%, and the Nasdaq, a tech-heavy index, added 1.27%.
SQ will be looking to display strength as it nears its next earnings release, which is expected to be November 7, 2018. The company is expected to report EPS of $0.11, up 57.14% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $860.52 million, up 47.06% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.45 per share and revenue of $3.23 billion, which would represent changes of +66.67% and +45.72%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for SQ. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SQ is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Square (SQ) Outpaces Stock Market Gains: What You Should Know
Square (SQ - Free Report) closed the most recent trading day at $68.47, moving +1.76% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.29%. Meanwhile, the Dow gained 1.55%, and the Nasdaq, a tech-heavy index, added 1.27%.
SQ will be looking to display strength as it nears its next earnings release, which is expected to be November 7, 2018. The company is expected to report EPS of $0.11, up 57.14% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $860.52 million, up 47.06% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.45 per share and revenue of $3.23 billion, which would represent changes of +66.67% and +45.72%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for SQ. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SQ is currently a Zacks Rank #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 36, putting it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.