Square's (SQ) Q4 Earnings To Gain From Portfolio Strength
Zacks Investment Research | Feb 24, 2019 09:36PM ET
Square, Inc. (NYSE:SQ) is set to report fourth-quarter 2018 results on Feb 27.
The company’s strong endeavors toward expansion of financial services offering is anticipated to be a catalyst on the back of increasing demand for payments processing and mobile-commerce services among small businesses worldwide.
Additionally, Square’s seller friendly ecosystem remains crucial to sellers or merchants. Notably, the ecosystem enables sellers to combine software, hardware and payments services in order to accept payment from the customers through its wide range of online payment products.
All these factors are likely to drive the Gross Payment Volume (“GPV”) in the to-be-reported quarter which happens to be the key metric for the company’s top-line growth.
GPV in the last reported quarter increased almost 29.3% year over year and 5.1% on a sequential basis to $22.49 billion, driven by growth in larger sellers. Moreover, GPV from larger sellers contributed 52% to total GPV and surged 41% year over year.
The Zacks Consensus Estimate for GPV for the fourth quarter is pegged at $22.97 billion.
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.