Yahoo Finance Why Block (SQ) is a Top Stock for the Long-Term
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Block (SQ)
Headquartered in San Francisco, CA, Block, formerly known as Square, was incorporated in 2015. The company offers financial and marketing services through its comprehensive commerce ecosystem that helps sellers to start, run and grow their businesses.
Since being added to the Zacks Focus List on March 28, 2017 at $17.25 per share, shares of SQ have increased 219.42% to $55.10.
10 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.27 to $1.88. SQ boasts an average earnings surprise of 11%.
Earnings for Block are forecasted to see growth of 88% for the current fiscal year as well.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like SQ offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Block, Inc. (SQ) : Free Stock Analysis Report
