Companies across the consumer-spending sphere have been sending mixed signals about the health of the consumer, and soon it will be time for Block Inc. to weigh in.
Revenue: The FactSet consensus calls for $4.62 billion in fourth-quarter revenue, while those polled by Estimize model $4.64 billion on average. In the year-earlier December quarter, Block generated $4.08 billion in GAAP revenue. Stock movement: Block shares have gained following seven of the company’s last 10 earnings reports. The stock has lost 18% over the past 12 months, though it’s up 14% on a three-month basis. The S&P 500 has declined 6% over the past 12 months and slipped about 1% over the past three months.
What else to watch for Morgan Stanley’s James Faucette will be looking to see how the Cash App mobile wallet’s customer base is holding up in the current economy.