Square's earnings expectations have gotten slashed, but the mobile-payments company still has a high bar to clear

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Square is set to report first-quarter earnings after the bell on Wednesday. The mobile payments firm offered disappointing guidance last quarter.

The Jack Dorsey-led mobile payments company is set to release first-quarter earnings after the bell on Wednesday. Analysts have pared down their expectations for those results by about $0.04 a share in recent months afterAt the same time, Square has to dazzle investors on several fronts — like sales and EBITDA — to justify its pricey valuation of more than 100 times forward earnings.

"SQ has exceeded Street revenue and EBITDA estimates by an average of $15M and $3M, respectively, the past four quarters," JPMorgan analysts led by Tien-tsin Huang wrote in a note to clients on April 23."We see this momentum continuing in 1Q, which is required for SQ to maintain its premium valuation."Here's what Wall Street analysts surveyed by Bloomberg are expecting.

"With lots of energy and competition for on-demand banking services like Cash App, we expect investments to drive habitual usage to stay elevated."In a mid-April note to investors, SunTrust analysts led by Andrew Jeffrey said that while the Square is the"most dynamic and disruptive name we follow," its high valuation has everything priced in.More broadly, Wall Street analysts are nearly split between bullish and neutral.

Square shares have jumped 32% this year, but remain 26% below their all-time high of $101.15 set in October.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

A Chinese ride-hailing company is so unhappy with its fleet of 278 Tesla cars that it bought billboards in Times Square to demand refundsShenma Zhuanche said it was inspired by the movie 'Three Billboards Outside Ebbing, Missouri' to air its grievances against Elon Musk's car company. Hei abang ashiap I wish Tesla cars were also common here as taxi cabs as Mercedes-Benz are in India. Times have changed a lot. SAI There has to be a balanced outlook. Tesla is revolutionary concept but they still need to catch up with others' in reliability/service/ecosystem. Often cult like followers ignore/suppress these issues and then situations like these happen.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »