2024-04-24 09:30:32 ET
Summary
- Block’s monetization rate reached an all-time high in Q4.
- Management intends to live by its 12,000-employee cap for years.
- Block's balance sheet position and cash flow profile have never been better.
- Expect blowout Q1 earnings ahead.
- Block stock is still trading at depressed valuations.
Introduction
We’ve done a lot recently to reduce our costs. Now we’re going to focus on growth.
That pretty much sums up Block's ( SQ ) Q4 earnings results — Block has restructured its organization in such a way that it is well-positioned to drive profitable growth for years to come....
Read the full article on Seeking Alpha
For further details see:
Block: Building Momentum