What to Expect From Block’s Upcoming Q2 Earnings?
<p>Deutsche Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/SQ'>Block, Inc. (NYSE:SQ)</a> ahead of the company’s upcoming Q2 results, expecting solid execution and messaging. </p>
<p>The analysts expect the company to deliver Q2 gross profit growth of approximately 31% year-over-year driven by strength in Cash App, solid Square results, and the beginning of AfterPay synergies driving adjusted EPS of $0.21. </p>
<p>The analysts remain constructive on Cash App and believe the segment has the potential to surprise to the upside in Q2 above their gross profit organic growth rate estimate of 18%.</p>
<p>Furthermore, the analysts believe the company will begin to show more margin leverage given the environment and investor feedback (inherent margin leverage highlighted at the analyst day) while still investing in the long-term prudently. The analysts raised their 2022 EPS estimate to $1.25 and their 2023/2024 EPS estimate to $2.06/$3.03, respectively. </p>

NYSE:SQ