Square (SQ) is set to report Q1 results tonight after the close with a conference call to follow at 5pm ET.
Current Capital IQ consensus stands at EPS of $0.08 on Revenues of $479 mln; SQ guidance for the quarter was EPS in the range of $0.06-0.08 on Revenues between $472-482 mln.
An update to FY19 guidance is expected. Current outlook is for EPS between $0.74-0.78 on Revenues in the range of $2.22-2.25 bln.
SQ is expected to provide Q2 guidance. Current Capital IQ consensus stands at EPS of $0.18 on Revenue of $555 mln.
Square is coming off a disappointing Q4.
SQ beat by a penny and beat on revenues but not by much. Payment volume (total dollar amount of card payments that flow through the sellers and P2P platform) come in short of expectations at $23 bln, +28% y/y and a steady decline in growth over the past couple of quarters.
FREE STUFF & SHAMELESS PLUGS:
This week’s in depth earnings packet can be purchased here:
Check out the latest episode from my podcast below.
FREE Trading Packet
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
If you'd like to follow my trades in real time click the "Join Now" button at the bottom of the page. For those that will and have asked, use the code 1ST on checkout for a discount with no commitment beyond one month.