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Friday, January 25, 2019 4:11:05 PM
By: Market Realist | January 25, 2019
Square (SQ) is expected to report its fourth-quarter earnings results on February 26.
Revenue growth of as much as 47% expected
Square (SQ) is expected to report its fourth-quarter earnings results on February 26. While reporting its third-quarter results in November, Square guided for fourth-quarter revenue in the range of $895 million–$905 million. This guidance indicated that Square was expecting revenue growth of as much as 47% YoY (year-over-year) for the fourth quarter of 2018, suggesting accelerating growth on a YoY basis from a year earlier.
Square generated $616 million in revenue in the fourth quarter of 2017, representing a rise of 36% YoY. In the fourth quarter of 2016, Square’s revenue rose 21% YoY.
Square’s revenue rose 51% in the third quarter
For the first three quarters of 2018, Square reported accelerating revenue growth from quarter to quarter. Square’s revenue rose 51% YoY in the third quarter, up from 48% in the second quarter and 45% in the first quarter.
In contrast, PayPal’s (PYPL) revenue rose 14% YoY in the third quarter, slowing from 23% YoY in the second quarter. Fiserv (FISV) reported revenue growth of 0.86% YoY in the third quarter, down from 2.5% in the second quarter and 3.3% in the first quarter.
Revenue growth slowed to 3.7% YoY at First Data (FDC) in the third quarter compared to 10.3% YoY in the second quarter. At Amazon (AMZN), revenue growth slowed to 29% YoY in the third quarter from 39.3% YoY in the second quarter.
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