Square Near Buy Zone With Earnings Due

IBD 50 and Sector Leaders member Square (SQ) is forming a base showing a 283.29 entry with its next quarterly EPS report expected on May 6. The pattern puts Square stock in a first-stage consolidation.


Understand that buying just before a stock reports can be risky. You don’t know how the stock will report and how the market will react, and you don’t have enough time to build a profit cushion. You can minimize your exposure by waiting to see the actual numbers and the market’s reaction.

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In terms of fundamentals, Square stock has posted three quarters of rising earnings growth. Top line growth has also risen during the same period.

Analysts are looking for earnings-per-share growth of 950% for the quarter, and 46% growth for the full year. Annual growth estimates were recently revised upward.

The company has a 97 Composite Rating and earns the No. 1 rank among its peers in the Finance-Card/Payment Processing industry group. PayPal (PYPL) and i3 Verticals (IIIV) are also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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