On July 28, Block, Inc. rose 5.12% in regular trading, trading at $81.265/share, with turnover of $266 million.

On the news front, UBS recently published a research note stating that Block's medium-term guidance calling for similar gross profit and gross payment volume growth is achievable. UBS analysts concluded that Square's recent pricing initiatives are likely sufficient to support a narrowing GP versus GPV growth spread in the second half, even amid structural headwinds including upmarket and international mix shift, and hardware losses. UBS maintained its buy rating with a $92 price target.

The catalyst arrives ahead of Block's next earnings release scheduled for August 5 after market close. The consensus EPS estimate stands at $0.48. Market expectations for guidance delivery appear to be driving renewed capital inflows, particularly as Block previously raised its full-year adjusted EPS outlook to $3.85 versus initial Street estimates of $3.67, supported by accelerating Cash App gross profit growth and Square ecosystem momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)