From Nasdaq: 2025-02-18 09:46:00

Block, Inc. is gearing up to announce its fourth-quarter 2024 results on Feb. 20. Analysts expect a revenue growth of 7.99% year over year to $6.23 billion, with earnings of 83 cents per share, up 84.44% from the previous year. Block’s strong product portfolio and partnerships are driving growth.

In the digital payments industry, Block has seen a 4% increase in Gross Payment Volume, reaching $62.49 billion in Q4 2024. The company’s performance is bolstered by its Square ecosystem, banking products, and POS solutions. Additionally, partnerships with companies like Wix and Intuit are driving further growth.

Block’s expansion in the Buy Now, Pay Later (BNPL) space through Afterpay is paying off, with a 23% increase in Gross Merchandise Volume to $8.24 billion. The company is leveraging Afterpay to drive consumer engagement and increase advertising revenue. However, challenging macroeconomic conditions pose risks.

Investors should consider Block’s strong portfolio and partner base for long-term growth potential. While the stock is currently trading below the 200-day moving average, a Zacks Rank #3 (Hold) suggests waiting for a better entry point. Consider the company’s position in the digital payments industry before making investment decisions.



Read more at Nasdaq: Buy, Sell or Hold Block Stock? Key Tips Ahead of Q4 Earnings