Square (SQ) to Report Q4 Earnings: What's in the Cards? | AKAM,AKAM news,stock market headlines,stock market news,Investing;Business,Earnings;Stocks,AKAM headlines,Akamai Technologies Inc.,nasdaq news,market headlines,AKAM stock,market news
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The company surpassed the Zacks Consensus Estimate in the trailing four quarters with average beat of 17.66%. In the las t report ed quarter, Square delivered a positive earnings surprise of 18.18%. The figure increased 51% from the year-ago quarter and 8.2% on a sequential basis.Positive contributions from Weebly and Zesty buyouts, accelerating bitcoin revenues and robust Gross Payment Volume ("GPV") drove the top line in the third quarter.For fourth-quarter 2018, management anticipates net revenues between $895 million and $905 million.

During the fourth quarter, the company teamed up with AP Intego Insurance Group, Guideline 401(k), Alice, and SimplyInsured, and added some useful and significant employee benefits to its payroll product, Square Payroll. The Zacks Consensus Estimate for GPV for fourth quarter is currently projected at $22.97 billion, exhibiting impressive growth of 27.9% compared with the year-ago quarter's figure. What Our Model Says According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chance of beating estimates if it also has a positive Earnings ESP .

Square has a Zacks Rank #2 and an Earnings ESP of +5.95%, which makes us reasonably confident of an earnings beat. EGOV has an Earnings ESP of +4.08% and a Zacks Rank #2. Harris Corporation HRS has an Earnings ESP of +0.68% and a Zacks Rank #2. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full



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