Is it Time to Sell Square Stock?
In this video, I will be going over Square's (NYSE: SQ) Q4 earnings report and explain why they disappointed me.
Square's Q4 earnings per share was $0.32 vs $0.24, with a revenue beat of $3.16B vs $3.09B. The company also announced that it invested another $170 million in Bitcoin, which is now approximately 5% of the total cash and equivalents on Square's balance sheet. Notably, Cash App keeps growing (generating gross profits of $377 million, up 162% year over year). Square did show that it can acquire customers for less than $5 (which is unseen in the Fintech world). Its seller side also grew year-over-year which is impressive since it was hit particularly hard by the pandemic. With that said, one could say that Square might be a good recovery play going forward.
Source Fool.com
