by Ian Harvey
February 24, 2020
Shares of Square Inc have surged 35% in 2020 to crush its industry’s 18% climb. Square will report earnings on Wednesday, March 26, 2020, and is expected to beat consensus.
Using a CALL OPTION “Armchair Trader Members” are already up 300% potential profit, and are well-positioned to continue gaining from this upward trend.
And, for those traders on the sidelines, there is still time to take advantage of this growth!
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Payment processing and point-of-sale upstart Square Inc will report earnings after the market closes. The consensus earnings estimate is $0.20 per share on revenue of $1.18 billion; but the Whisper number is higher at $0.24 per share.
The company's guidance was for earnings of $0.19 to $0.21 per share. Consensus estimates are for year-over-year earnings growth of 17.65% with revenue increasing by 26.54%.
For the last reported quarter, it was expected that Square would post earnings of $0.20 per share when it actually produced earnings of $0.25, delivering a surprise of +25%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Shares of Square Inc have surged 35% in 2020 to crush its industry’s 18% climb, and the fintech stock now rests right near its 52-weeks highs.
Square Inc began selling its tiny smartphone and tablet-connected credit card readers in 2009. Since then, the fintech company has expanded its hardware and software offerings to attract businesses large and small.
Square’s portfolio now includes business loans, debit cards, and more. Plus, its popular peer-to-peer payment platform, the Cash App, helps it compete against JPMorgan Chase JPM, PayPal PYPL, and others.
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Square’s portfolio strength and product integrations are anticipated due to.....
Square completed the divestiture of Caviar to DoorDash in fourth-quarter 2019. Notably, Caviar had been underperforming and thereby its sale is likely to have benefited the company in the quarter under review.
Short interest has decreased by 4.1% since the company's last earnings release.
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Square is still diversifying its business within an expanding financial tech space that is poised to boom. And SQ shares hover 15% below their Fall 2018 highs, despite the recent run – therefore, plenty of space to run.
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An Important Note: That any suggestions for options trade considerations require investors/traders to use their own discretion as to when to enter or exit! As well, it is advisable to do further research and due diligence before executing your trade.
It is sometimes best to exit a trade, if there is already sufficient profit accrued, before an earnings report is presented. GREED can be the undoing of a nice profit!