Brokers Issue Forecasts for Block’s Q3 Earnings (NYSE:XYZ)

Block, Inc. (NYSE:XYZ) – Stock analysts at William Blair raised their Q3 2026 earnings per share (EPS) estimates for shares of Block in a note issued to investors on Wednesday, November 19th. William Blair analyst A. Jeffrey now forecasts that the technology company will post earnings per share of $0.47 for the quarter, up from their prior forecast of $0.46. The consensus estimate for Block’s current full-year earnings is $2.54 per share. William Blair also issued estimates for Block’s Q4 2026 earnings at $0.49 EPS.

A number of other research analysts also recently issued reports on XYZ. Oppenheimer restated an “outperform” rating and issued a $85.00 price target on shares of Block in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Block in a research note on Wednesday, October 8th. Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. BNP Paribas downgraded Block from a “strong-buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a report on Tuesday, September 2nd. Finally, Monness Crespi & Hardt upped their price objective on Block from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.42.

Block Stock Performance

Block stock opened at $61.85 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.18 and a quick ratio of 2.18. Block has a 12 month low of $44.27 and a 12 month high of $99.26. The company has a fifty day moving average price of $72.91 and a two-hundred day moving average price of $70.66. The company has a market cap of $37.58 billion, a PE ratio of 12.47, a P/E/G ratio of 3.47 and a beta of 2.73.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.29. Block had a return on equity of 5.54% and a net margin of 12.99%.The business had revenue of $6.11 billion during the quarter. During the same quarter last year, the firm posted $0.53 earnings per share. Block’s revenue was up 2.3% compared to the same quarter last year.

Insider Buying and Selling at Block

In other Block news, CFO Amrita Ahuja sold 1,276 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $76.69, for a total transaction of $97,856.44. Following the sale, the chief financial officer directly owned 282,924 shares in the company, valued at approximately $21,697,441.56. The trade was a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Grassadonia sold 35,145 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 535,896 shares of the company’s stock, valued at $42,871,680. This trade represents a 6.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 60,610 shares of company stock valued at $4,739,162. 10.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Block

A number of institutional investors have recently added to or reduced their stakes in the company. S Bank Fund Management Ltd acquired a new stake in shares of Block in the second quarter valued at $92,000. Praxis Investment Management Inc. bought a new stake in Block in the second quarter worth about $508,000. Nordea Investment Management AB acquired a new stake in Block in the 2nd quarter valued at about $3,105,000. SilverOak Wealth Management LLC bought a new position in shares of Block during the 2nd quarter valued at about $218,000. Finally, Private Trust Co. NA acquired a new position in shares of Block in the 2nd quarter worth approximately $94,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

About Block

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.