<div id="readability-page-1"><p>Block (NYSE:XYZ - Get Free Report) issued an update on its FY 2028 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.500-5.500 for the period. The company issued revenue guidance of -.</p><h2>Block Stock Up 7.3%</h2><ul><li>Block Levels Up: What S&amp;P 500 Inclusion Means for Investors</li></ul><p>Shares of XYZ stock traded up $4.19 during mid-day trading on Wednesday, reaching $61.83. 19,594,563 shares of the company were exchanged, compared to its average volume of 7,157,997. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.18 and a current ratio of 2.18. The business's 50 day simple moving average is $73.63 and its 200 day simple moving average is $70.22. The company has a market capitalization of $37.57 billion, a P/E ratio of 29.26, a P/E/G ratio of 2.97 and a beta of 2.73. Block has a fifty-two week low of $44.27 and a fifty-two week high of $99.26. </p><p>Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.25 by $0.29. Block had a net margin of 12.99% and a return on equity of 7.41%. The business had revenue of $6.11 billion for the quarter. During the same period in the previous year, the business posted $0.53 EPS. The business's revenue for the quarter was up 2.3% on a year-over-year basis.  Research analysts predict that  Block will post 2.54 earnings per share for the current year. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Snag These 3 Bargain Tech Stocks Before They Pop</li></ul><p>A number of research firms have issued reports on XYZ. Jefferies Financial Group boosted their target price on shares of Block from $90.00 to $95.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, October 21st. Wells Fargo &amp; Company upgraded Block to a &#34;strong-buy&#34; rating in a research report on Wednesday, October 22nd. Raymond James Financial  reissued an &#34;outperform&#34; rating and issued a $95.00 price objective (up from $79.00) on shares of Block in a report on Friday, August 8th. BNP Paribas cut Block from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating and set a $86.00 target price on the stock. in a research report on Tuesday, September 2nd. Finally, Compass Point  reiterated a &#34;sell&#34; rating and set a $65.00 price target (down previously from $80.00) on shares of Block in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned  a Buy rating, eleven have issued  a Hold rating and two have issued  a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $82.36.</p><p><b>Read Our Latest Research Report on XYZ</b></p><h2>Insider Buying and Selling at Block</h2><ul><li>Strategy’s $5 Million Bitcoin Target: Beacon or Bagholder? </li></ul><p>In related news, insider Owen Britton Jennings sold 10,424 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $73.20, for a total transaction of $763,036.80. Following the transaction, the insider owned 263,507 shares of the company's stock, valued at approximately $19,288,712.40. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, insider Brian Grassadonia sold 35,145 shares of the firm's stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $80.00, for a total transaction of $2,811,600.00. Following the transaction, the insider owned 535,896 shares in the company, valued at $42,871,680. This represents a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 115,441 shares of company stock valued at $8,778,247 in the last ninety days. Company insiders own  10.85% of the company's stock. </p><h2>Hedge Funds Weigh In On Block</h2><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in XYZ. Ameriprise Financial Inc. acquired a new position in shares of  Block during the second quarter valued at about $535,305,000.  Viking Global Investors LP bought a new position in  Block during the second quarter valued at about $368,213,000.  Northern Trust Corp raised its holdings in  Block by 41.8% in the 3rd quarter. Northern Trust Corp now owns 4,626,238 shares of the technology company's stock valued at $334,338,000 after acquiring an additional 1,363,566 shares in the last quarter.  Invesco Ltd. lifted its position in shares of  Block by 241.4% in the 3rd quarter. Invesco Ltd. now owns 3,778,298 shares of the technology company's stock worth $273,058,000 after acquiring an additional 2,671,713 shares during the period.  Finally, SC US Ttgp LTD. acquired a new stake in shares of  Block during the 2nd quarter worth approximately $67,304,000. Institutional investors and hedge funds own  70.44% of the company's stock. </p><h2>Block Company Profile</h2> (Get Free Report)<p>Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.</p><h2>Read More</h2><ul><li>Five stocks we like better than Block</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>onsemi Places a $6 Billion Bet on Its Own Stock</li><li>Using the MarketBeat Dividend Yield Calculator</li><li>HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?</li><li>What Investors Need to Know to Beat the Market</li><li>End the Year Strong With These 3 Comeback Champions</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVhZWg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVhZWg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Block Right Now?</h2><p>Before you consider Block, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Block wasn't on the list.</p><p>While Block currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Block (NYSE:XYZ) updated its FY 2028 earnings guidance, providing EPS guidance of 5.500-5.500. The stock rose 7.3%, trading at $61.83. The company has a market cap of $37.57 billion and a P/E ratio of 29.26. Analysts have mixed ratings, with a consensus of 'Moderate Buy' and an average target price of $82.36. Insiders sold shares worth $8.78 million in the last 90 days. Hedge funds have also adjusted their positions in the company.</p>

Block (NYSE:XYZ) Releases FY 2028 Earnings Guidance