Block (NYSE:XYZ – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.020-1.020 for the period, compared to the consensus EPS estimate of 0.930. The company issued revenue guidance of -. Block also updated its FY 2026 guidance to 4.020-4.020 EPS.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on XYZ shares. Jefferies Financial Group initiated coverage on Block in a research note on Tuesday, June 30th. They issued a “hold” rating on the stock. Barclays began coverage on shares of Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price target for the company. William Blair downgraded Block to a “market perform” rating in a research note on Tuesday, June 30th. Truist Financial raised their price target on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Craig Hallum assumed coverage on Block in a report on Tuesday, June 30th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.47.
Check Out Our Latest Stock Analysis on XYZ
Block Price Performance
Block (NYSE:XYZ – Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. Block’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, sell-side analysts predict that Block will post 2.48 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the transaction, the director directly owned 2,032,990 shares in the company, valued at $156,153,961.90. This represents a 6.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amrita Ahuja sold 8,093 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total value of $606,975.00. Following the sale, the chief financial officer owned 463,246 shares in the company, valued at $34,743,450. This represents a 1.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 385,208 shares of company stock worth $29,755,405 in the last 90 days. Company insiders own 11.37% of the company’s stock.
Key Stories Impacting Block
Here are the key news stories impacting Block this week:
- Positive Sentiment: Quarterly earnings and revenue beat expectations. Block reported adjusted EPS of $1.02, up from $0.62 a year earlier and above estimates of $0.48–$0.86. Revenue rose 9.3% year over year to $6.62 billion. Block Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Management raised earnings guidance above Wall Street expectations. Block forecast third-quarter EPS of $1.02 versus consensus of $0.93 and full-year 2026 EPS of $4.02 versus consensus of $3.62. The outlook suggests improving cost control and operating leverage. Block Announces Second Quarter 2026 Results
- Positive Sentiment: Analysts became more bullish. Needham raised its price target from $95 to $100 and maintained a “buy” rating. Cantor Fitzgerald reaffirmed its “overweight” rating with a $95 target, implying additional upside from recent levels.
- Positive Sentiment: AI and restructuring efforts are beginning to support profitability. Block’s plan to reduce its workforce by approximately 40% and emphasize artificial intelligence appears to be contributing to lower costs and better earnings, though the strategy remains in its early stages. Block’s AI Overhaul Starts Showing Up in Results
- Neutral Sentiment: Valuation and technical positioning warrant caution. Block has a “Moderate Buy” consensus rating and an average analyst target of $89.40, but its P/E ratio is approximately 65.8 and the stock is near its 52-week high, leaving limited room for execution mistakes.
- Negative Sentiment: Insider selling could weigh on sentiment. Director Brian Grassadonia sold 25,908 shares worth about $2.1 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale reduces its significance, but it follows other recent sales by the insider. Brian Grassadonia Insider Transaction
Institutional Trading of Block
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EFG International AG purchased a new position in Block in the fourth quarter worth $95,000. Los Angeles Capital Management LLC purchased a new position in Block in the fourth quarter valued at about $156,000. CYBER HORNET ETFs LLC purchased a new position in Block in the third quarter valued at approximately $114,000. LGT Financial Advisors LLC purchased a new stake in Block in the third quarter worth $72,000. Finally, Larson Financial Group LLC raised its stake in shares of Block by 103.0% in the third quarter. Larson Financial Group LLC now owns 2,280 shares of the technology company’s stock valued at $165,000 after buying an additional 1,157 shares during the period. 70.44% of the stock is owned by institutional investors.
Block Company Profile
Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.
The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.
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