Square Earnings: What Happened with SQ

^{Source: Predictions based connected analysts’ statement from Visible Alpha}

Square (SQ) Financial Results: Analysis

Square, Inc. (SQ) released mixed Q3 FY 2021 net results. The institution reported adjusted earnings per share (EPS) of $0.37, matching expert predictions. However, Square came successful beneath statement estimates with gross of $3.8 billion, falling shy of an expected $4.4 billion. In its net report, Square highlighted a 43% year-over-year (YOY) betterment successful its gross profit, driven by a 48% YOY betterment successful gross nett for its Seller ecosystem.

Square Gross Payment Volume

Square reported beardown maturation successful its gross outgo measurement (GPV). This cardinal metric tracks the full dollar amount, nett of refunds, of each paper payments processed by sellers utilizing the company's payments ecosystem. It includes peer-to-peer payments arsenic good arsenic transactions with merchants that usage Square's mobile payments app.

Square's GPV for Q3 FY 2021 was $45.4 billion, an betterment of 43.2% YOY and good up of expert predictions of $44.7 billion.

Square Outlook and Stock Performance

Square did not supply an update connected guardant guidance successful its shareholder letter. In extended-hours trading pursuing the company's net release, Square banal traded down astir 4%. Shares of Square person outperformed the broader marketplace successful the past year, providing a one-year trailing total return of 44.5% compared with 35.9% for the S&P 500.

Square's adjacent net report, for Q4 FY 2021, is anticipated to beryllium released connected Feb. 21, 2022.