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Revenue: US$5.98b (up 6.4% from 3Q 2023).
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Net income: US$283.8m (up from US$29.0m loss in 3Q 2023).
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Profit margin: 4.7% (up from net loss in 3Q 2023).
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EPS: US$0.46 (up from US$0.047 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company’s shares are up 3.3% from a week ago.
Don’t forget that there may still be risks. For instance, we’ve identified 1 warning sign for Block that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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