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$3.10 Billion in Sales Expected for Square, Inc. (NYSE:SQ) This Quarter
By: MarketBeat | January 29, 2021

Equities analysts expect Square, Inc. (NYSE:SQ) to report sales of $3.10 billion for the current quarter, according to Zacks. Ten analysts have issued estimates for Square's earnings, with the highest sales estimate coming in at $3.55 billion and the lowest estimate coming in at $2.82 billion. Square posted sales of $1.31 billion in the same quarter last year, which indicates a positive year over year growth rate of 136.6%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, February 24th.

According to Zacks, analysts expect that Square will report full-year sales of $9.44 billion for the current fiscal year, with estimates ranging from $9.15 billion to $9.89 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $13.31 billion, with estimates ranging from $11.47 billion to $17.24 billion. Zacks' sales calculations are an average based on a survey of analysts that that provide coverage for Square.

Square (NYSE:SQ) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.18. Square had a negative return on equity of 0.01% and a net margin of 4.05%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the business earned $0.25 EPS. The firm's revenue for the quarter was up 139.6% on a year-over-year basis.

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