Square : Q1 well above estimates, driven by the stimulus check – target price raised to $ 260 (vs $ 245)
>Q1 2021 well above estimates, underpinned by the stimulus check in March - Square published yesterday evening (after market close) its Q1 2021 results that came in well above forecasts. Gross profit stood at $ 964m, up 79% y-o-y, 16% above the consensus of $ 831m. The principal growth driver was the strong ramp-up in inflows (+55% in additional funds in March compared to February, see chart hereafter), underpinned mainly by government aid (stimulus check). By segment...Square is a commerce ecosystem that combines software with hardware to enable sellers to turn mobile devices and computing devices into payment and point-of-sale solutions. With the company's offering, a seller can accept payments via magnetic stripe, Europay, MasterCard, and Visa, or Near Field Communication; or online via Square Invoices, Square Virtual Terminal, or the seller's website or app. Also, sellers can gain access to reporting and analytics, next-day settlements, digital receipts, payment dispute and chargeback management, security, and Payment Card Industry compliance. The company's Cash App enable individuals to send and receive money electronically to and from individuals and businesses.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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