|Bid||83.33 x 1100|
|Ask||83.45 x 800|
|Day's range||82.72 - 86.21|
|52-week range||54.41 - 87.25|
|Beta (5Y monthly)||3.25|
|PE ratio (TTM)||N/A|
|Earnings date||25 Feb 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||76.22|
Shares of Square have surged 35% in 2020 to crush its industry's 18% climb. So is it time to buy SQ stock with it set to report its Q4 fiscal 2019 financial results after the closing bell on Wednesday, February 26...
Square (SQ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Square, Inc. (NYSE:SQ) will host an Investor Day in San Francisco on Wednesday, March 18, 2020, from 8:00 a.m. to 1:00 p.m. Pacific Time. Chief Executive Officer Jack Dorsey, Chief Financial Officer Amrita Ahuja, Seller Lead Alyssa Henry, Cash App Lead Brian Grassadonia, and other members of the senior management team will provide an overview of the company’s purpose and strategy, financials, and key business and product initiatives.
According to a survey conducted by Square and global analytics firm, Gallup, nationally, American small business owners are closely following the 2020 Presidential election and overwhelmingly plan to vote in November. With 60% paying "a lot of attention" and 30% paying "some attention," this key group of voters, which account for more than 30 million businesses across the country, is more than highly engaged: 97% say they will likely cast a vote in the 2020 Presidential election.
According to a national survey conducted by Square and global analytics firm, Gallup, American small business owners are closely following the 2020 Presidential election and overwhelmingly plan to vote in November. With 60% paying "a lot of attention" and 30% paying "some attention," this key group of voters, who account for more than 30 million businesses across the country, is more than highly engaged: 97% say they will likely cast a vote in the 2020 Presidential election.
(Bloomberg) -- Shopify Inc. reported fourth-quarter revenue that topped analysts’ estimates and gave an optimistic forecast for this year, boosted by holiday shopping and add-on services such as payment and marketing tools. The shares surged the most in almost four years.Sales grew by 47% to $505.2 million in the quarter, Ottawa-based Shopify said in a statement Wednesday. Analysts expected $481.6 million, according to data compiled by Bloomberg. For 2020, Shopify said it sees revenue of $2.13 billion to $2.16 billion, compared with analysts’ projection for $2.12 billion.The key metric of gross merchandise volume, which represents the value of all goods sold on the platform, increased 47% from a year earlier. Over the Black Friday/Cyber Monday holiday weekend, merchants on Shopify’s platform, which now number more than 1 million, made more than $2.9 billion in sales, up from $1.8 billion a year earlier, according to the company.The New York-listed shares jumped as much as 15.5% at 9:30 a.m. Wednesday, to a new record of $569.10.The stock has risen more than 70% from November, boosted by the pace of revenue growth and amid optimism for a fulfillment center plan announced last year. Shopify said in June that it will invest $1 billion in facilities over five years to help merchants on its platform deliver products quickly and easily, following a path blazed by Amazon.com Inc. A few months later, Shopify made its biggest acquisition yet, paying $450 million for 6 River Systems, a warehouse robotics company.Shopify helps businesses open their own digital stores across multiple channels, including social media, through its platform. The company also provides point-of-sale services in brick-and-mortar stores, competing with Square Inc.The company also swung to a profit in the fourth quarter, reporting $771 million, compared with a loss of $1.5 billion a year earlier. Profit excluding some costs was 43 cents a share in the quarter, beating analysts’ projection for 24 cents.“Shopify’s 4Q 2019 performance was impressive in our view,” said Anthony Chukumba, an analyst at Loop Capital Markets, in a note following the results. “We were particularly encouraged by the gross merchandise volume (GMV) growth, which further demonstrates how Shopify is ‘democratizing commerce’ and providing value to its merchants.”Besides fulfillment centers, the company has rolled out tools such as chat and email, as well as video and 3D modeling for products to help merchants improve marketing and build direct relationships with buyers. Such investments combined with the company’s push to capture international markets could prevent any significant margin expansion in 2020, said Anurag Rana, a senior analyst with Bloomberg Intelligence, in a Feb. 5 note.Chief Financial Officer Amy Shapero acknowledged on an earnings call that 2020 is “clearly a year of heavy investment” for Shopify, but the company expects to see strong growth from the resulting increase in clients and gross merchandise volume, she added.Shopify said it expects an operating loss in the range of $324 million to $344 million in 2020.While it mainly caters to small and medium businesses, Shopify also counts high-profile brands such as Gatorade, Aerosoles, Victoria Beckham Beauty, Heineken, and SpaceX. Shopify Plus, a segment geared toward companies with high sales volumes, has been key to attracting such larger brands. Shopify Plus contributed 27% of the company’s overall monthly recurring revenue, compared with 25.4% in the same quarter last year.To contact the reporter on this story: Nikitha Sattiraju in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Molly Schuetz at email@example.com, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
According to a survey conducted by Square and global analytics firm, Gallup, American small business owners are closely following the 2020 Presidential election and overwhelmingly plan to vote in November. With 60% paying "a lot of attention" and 30% paying "some attention," this key group of voters, which account for more than 30 million businesses across the country, is more than highly engaged: 97% say they will likely cast a vote in the 2020 Presidential election.
(Bloomberg) -- Twitter Inc. topped analysts’ projections for fourth-quarter revenue and added more new daily users than expected, citing product improvements and more personalized content on its social network. The shares rose the most in almost a year.Revenue rose 11% to $1.01 billion, slightly higher than the $994.5 million predicted in a Bloomberg analyst survey. Twitter’s user growth was a bigger surprise. The company added 7 million daily active users in the period, and now has 152 million people logging in daily on average, up 21% from the same period a year earlier. Bloomberg Consensus estimates were for the company to finish 2019 with just 148.1 million total users.In a statement Thursday, Twitter said that more than half of the 26 million daily users it added in 2019 were “directly driven by product improvements,” and its daily user base grew by “double-digit increases in all of our top 10 markets” in the fourth quarter. The company has made a public effort to improve user interactions on its service, and make it easier for users to find posts about topics they care about.On a call with analysts, Chief Executive Officer Jack Dorsey said that he sees Twitter “more as an interest network than a social network,” and plans to push deeper into products that highlight that distinction. That includes products like curated lists of followers, which Dorsey likened to a music playlist, and the ability to follow interests, not just other people.The stock rose as much as 15%, the most intraday since April 23. That brings gains in the last 12 months to 11%. Despite the positive numbers, Dorsey told analysts that Twitter needs to work faster. The company is notoriously slow when it comes to shipping new products and features. “The time it takes to go from an idea to shipping something wonderful to customers still takes too long,” he said.The fourth quarter numbers provide a stark contrast to Twitter’s third-quarter earnings report, in which the company missed its revenue projections, and the stock fell by more than 20%. At the time, Twitter also lowered its fourth-quarter outlook, and Thursday’s revenue total was at the high end of that revised guidance, but still lower than what analysts had initially projected heading into the quarter.Last quarter, Twitter blamed some of its business challenges on a “bug” that enabled the company to mistakenly target people with ads using personal data uploaded for security purposes. Removing that data from its targeting arsenal hurt the company in the third quarter, and was still a problem for Twitter in the fourth quarter, according to the company’s shareholder letter, which said that revenue growth was down “four or more points” as a result of the bug.Still, Twitter beat estimates and said it plans to post $825 million to $885 million in revenue in the first quarter. Analysts on average are predicting sales of $868.9 million.Things are going well enough that Twitter said it plans to increase spending by 20% in 2020, including a plan to increase headcount by 20% and build a new data center. Dorsey said Twitter plans to grow its workforce globally, and emphasized the need to add employees outside of San Francisco, where the company has its headquarters. It was just three years ago that Twitter was headed in the opposite direction, cutting staff and selling off assets to other tech giants like Google in an effort to reach profitability.The company posted net income of $1.47 billion for 2019, its second straight year of profitability after nearly 12 years of losses. Profit excluding certain items in the fourth quarter was $135 million, or 17 cents a share.Questions remain as Twitter heads into a year featuring the Olympics and a U.S. presidential election. Twitter often cites major worldwide events as an advertising and user-growth opportunity, though the company has also said that it will not sell political ads ahead of the 2020 U.S. election. Dorsey has also announced plans to work for at least three months in Africa this year, a decision that promises to test Twitter’s corporate structure. Dorsey already has two jobs -- he’s also CEO of Square Inc.(Updates shares in fifth paragraph.)To contact the reporter on this story: Kurt Wagner in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Kurt Wagner, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Lightning Labs scores $10 million in funding and launches Loop, an app for merchants to use Lightning Network for faster payments.
Square, Inc. (NYSE: SQ) will release financial results for the fourth quarter of 2019 on February 26, 2020, after market close. Square will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day to discuss these results. The live webcast of the call can be accessed from Square’s Investor Relations website at square.com/investors. A replay will be available at the same website following the call.
Spectacular run in Square in 2017 and 2018 but not much from it in 2019. But don't count it out. Though rare, you do have many cases of former leaders coming back to lead again. Square is showing a breakout from a cup base with a 83.30 entry. An earlier entry came from a little handle at 71.10 that didn't show up on the weekly. You've got two things making this a reset of the base count. First you undercut the prior base low at 59.89. Second the amount of time put in. They either wear you out or scare you out, in this case it did both.
Square briefly moved above an 82.20 handle buy point from a consolidation going back to early August. That follows a prior entry of 71.10. A lot of the base was below the 200-day line.