Square, Inc. ( (NYSE:SQ) ) just released its latest quarterly financial results, posting non-GAAP earnings of eight cents per share and revenues of $616 million.
Currently, SQ is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently up 0.83% to $46.29 per share in after-hours trading shortly after its earnings report was released.
Square:
Beat earnings estimates. The company posted diluted non-GAAP earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07. On a GAAP basis, Square reported a loss of four cents per share.
Beat revenue estimates. The company saw revenue figures of $616.04 million, beating our consensus estimate of $601.63 million.
Total net revenue climbed 36% from the year-ago period. Adjusted revenue was $283 million, up about 47% year over year. Gross payment volume gained 31% to reach $17.9 billion.
Square announced that it expects first-quarter revenues in the range of $605 million to $620 million. Adjusted earnings are expected to fall in the range of $0.03 to $0.05 per share. Our current consensus estimates are calling for revenues of $600.68 million and earnings of $0.08 per share.
Square also said that it expects full-year 2018 revenues in the range of $2.82 billion to $2.88 billion. Adjusted full-year earnings are projected to fall in the range of $0.43 to $0.47 per share. Our current consensus estimates are calling for revenues of $2.84 billion and earnings of $0.45 per share.
Here’s a graph that looks at Square’s recent earnings performance:
Square, Inc. Price, Consensus and EPS Surprise
Square, Inc. Price, Consensus and EPS Surprise | Square, Inc. Quote
Square, Inc. offers financial services and marketing services. The Company provides payments and point-of-sale which include hardware and software to accept payments, streamline operations and analyze business information. Its payments and POS services include In-Person Payments, Online Payments, Square Cash, Square Register, Square Analytics, Square Appointments and Square App Marketplace. The Company's financial services include Square Capital and Square Payroll.
Check back later for our full analysis on Square’s earnings report!
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Square, Inc. (SQ): Free Stock Analysis Report
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