You can see the complete list of today's Zacks #1 Rank stocks here. Itron ( ITRI Quick Quote ITRI - Free Report) has an Earnings ESP of +7.61% and sports a Zacks Rank #1 at present. Here are some stocks that you may consider, as our model shows that they have the right combination of elements to beat on earnings this season. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat.īlock has an Earnings ESP of 0.00%. Our proven model does not conclusively predict an earnings beat for Block this time around. However, the impacts of increasing advertising, product development and personnel costs are anticipated to have weighed on the company’s profitability during the second quarter. The Zacks Consensus Estimate for GMV is pegged at $61.1 billion, indicating growth of 16.4% from the year-ago reported figure. The increasing adoption of Cash App is likely to have aided growth in Block’s gross payment volume (GPV) in the quarter under review. Also, Block’s growing card-present volume is expected to have been a positive. Strength in online channels, including Square Online, Invoices, Virtual Terminal and eCommerce API, is likely to have aided growth in card-not-present payment volumes. The company’s strong omni-channel offerings, which aid sellers in managing orders from POS and eliminating manual aggregation of online and in-person orders, are expected to have contributed well. This apart, the SQ’s strengthening presence in the “buy now, pay later” (BNPL) market on the back of robust Afterpay solutions, is expected to have contributed well. The company reintroduced TIDAL RISING, which provides continuous support to a select group of rising artists through personalized marketing, education and direct funding, allowing them to develop, prosper and build their careers. With a compatible Android handset and no additional expense, the new technology enables vendors to safely accept contactless payments. In the quarter under review, Block’s Square launched Tap to Pay on Android for UK retailers. Quote Factors at Playīlock’s portfolio strength is anticipated to get reflected in second-quarter results.
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