Block Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Block, Inc. XYZ will release earnings results for the first quarter, after the closing bell on Thursday, May 1.

Analysts expect the Oakland, California-based company to report quarterly earnings at 94 cents per share, up from 85 cents per share in the year-ago period. Block projects to report quarterly revenue at $6.18 billion, compared to $5.96 billion a year earlier, according to data from Benzinga Pro.

The New York State Department of Financial Services (DFS) recently fined Block $40 million for violations tied to its anti-money laundering and virtual currency compliance protocols on the Cash App platform.

Block shares fell 1.8% to close at $58.47 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Keybanc analyst Philip Gibbs maintained an Overweight rating and cut the price target from $85 to $65 on April 23, 2025. This analyst has an accuracy rate of 83%.
• Barclays analyst Ramsey-El-Assal maintained an Overweight rating and slashed the price target from $97 to $70 on April 15, 2025. This analyst has an accuracy rate of 65%.
• Baird analyst David Koning maintained an Outperform rating and slashed the price target from $105 to $80 on April 8, 2025. This analyst has an accuracy rate of 76%.
• Morgan Stanley analyst James Faucette upgraded the stock from Equal-Weight to Overweight rating and raised the price target from $65 to $67 on April 3, 2025. This analyst has an accuracy rate of 66%.
• BMO Capital analyst Rufus Hone upgraded the stock from Market Perform to Outperfrom and cut the price target from $100 to $89 on Feb. 24, 2025. This analyst has an accuracy rate of 71%.

Considering buying XYZ stock? Here’s what analysts think: