SQ Earnings

SQ reported its FY2024Q2 earnings on 2024-08-01, showcasing a revenue of 6.16B against an estimate of 6.30B, resulting in a -2.27% surprise. The EPS was 0.52, surpassing the expected 0.31 by 67.74%. The stock experienced a -3.2% price change on the earnings day and a -6.19% change over the next five days, reflecting market reactions to the results.

Following SQ's FY2024Q2 earnings announcement on 2024-08-01, the stock price moved by -3.2% on the day of the release. Over the subsequent five days, it saw a -6.19% change. Historically, SQ's stock price tends to shift by an average of 3.16% in the 10 days leading up to earnings and 3.14% in the 10 days following, providing insight into potential market.

For 2024/Q4, analysts estimate SQ's annual revenue to reach 6.27B, while the EPS is projected at 0.86. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between SQ's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, SQ's stock price typically moves by 3.16% in the 10 days before its earnings and 3.14% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of 0.86 and revenue of 6.27B.

The earnings call highlights strong financial performance with record profitability, increased free cash flow, and raised guidance. The Q&A section indicates positive sentiment despite some uncertainties, with management addressing competitive pressures and regulatory compliance effectively. The announced $3 billion share repurchase program and optimistic guidance for 2024 and 2025 further support a positive outlook. However, some partner benefits delayed to 2025 and unclear management responses slightly temper enthusiasm. Overall, the stock price is likely to see a positive movement of 2% to 8% over the next two weeks.