Just as important will be its outlook for Q1 operating expenses. Last quarter, its non-GAAP operating expenses came in lower than the consensus, helping to fuel stronger-than-expected adjusted EBITDA. In November, Block ( SQ) said it expects non-GAAP operating expenses of $1.47B in Q4, up from $1.26B in Q3. With inflation a concern, operating expenses will also be key. The Cash App Card's inflows per transacting users were $1,046 in Q3, which had been relatively stable against Q2 and Q3 2021. That's expected to rise to 18.8M in Q4, according to the Visible Alpha estimate. In Q3, Cash App monthly active users were at more than 49M, up 20% Y/Y, and Cash App Card active users increased more than 40% Y/Y to almost 18M. User engagement will also be of interest. Over that same period, revenue has trailed consensus three times.
$4.3B in Q3.įor the past 12 quarters, Block's ( SQ) adjusted EPS has met or exceeded the consensus in all but two of them. The average analyst estimate for its Cash App GPV is $4.8B vs. Gross payment volume is expected to be ~$54.6B in the most recent quarter, according to the Visible Alpha consensus, vs.
The consensus for the quarter's revenue, though, edged down 2.1% in the past six months and 0.7% in the past three months. On the upside, analysts have been increasing their estimates for Q4 adjusted EPS, with the consensus rising 11% over the past six months and 8.0% in the past three months. Total net revenue is expected to be $4.59B, up from the $4.52B it rang up in the prior quarter and $4.08B in the year-ago period. The consensus estimate for Q4 adjusted EPS stands at $0.30, down from the $0.42 it reported in Q3 2022 and up from $0.27 in Q4 2021. Block ( NYSE: SQ), the fintech company known for its Square system that allows small businesses to process credit and debit card payments and its Cash App, is set to report its Q4 earnings after Thursday's closing bell.
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