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Square (SQ) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Square (SQ - Free Report) closed at $61.82, marking a -1.83% move from the previous day. This change lagged the S&P 500's 1.82% loss on the day. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Coming into today, shares of the mobile payments services provider had lost 16.84% in the past month. In that same time, the Computer and Technology sector lost 5.96%, while the S&P 500 lost 2.57%.
SQ will be looking to display strength as it nears its next earnings release, which is expected to be February 26, 2019. The company is expected to report EPS of $0.13, up 62.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $910.57 million, up 47.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.46 per share and revenue of $3.26 billion. These totals would mark changes of +70.37% and +47.4%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SQ. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 53.85% higher. SQ is currently a Zacks Rank #3 (Hold).
Investors should also note SQ's current valuation metrics, including its Forward P/E ratio of 136.4. For comparison, its industry has an average Forward P/E of 56.87, which means SQ is trading at a premium to the group.
It is also worth noting that SQ currently has a PEG ratio of 5.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software was holding an average PEG ratio of 2.87 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 36, which puts 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Square (SQ) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Square (SQ - Free Report) closed at $61.82, marking a -1.83% move from the previous day. This change lagged the S&P 500's 1.82% loss on the day. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Coming into today, shares of the mobile payments services provider had lost 16.84% in the past month. In that same time, the Computer and Technology sector lost 5.96%, while the S&P 500 lost 2.57%.
SQ will be looking to display strength as it nears its next earnings release, which is expected to be February 26, 2019. The company is expected to report EPS of $0.13, up 62.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $910.57 million, up 47.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.46 per share and revenue of $3.26 billion. These totals would mark changes of +70.37% and +47.4%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SQ. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 53.85% higher. SQ is currently a Zacks Rank #3 (Hold).
Investors should also note SQ's current valuation metrics, including its Forward P/E ratio of 136.4. For comparison, its industry has an average Forward P/E of 56.87, which means SQ is trading at a premium to the group.
It is also worth noting that SQ currently has a PEG ratio of 5.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software was holding an average PEG ratio of 2.87 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 36, which puts 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.