The financial results for Block (NYSE: SQ) in the fourth quarter last year crushed analyst estimates. As of this writing, the shares have surged 18% since the announcement after the market closed on Feb. 22.

The payments and financial services enterprise is seeing strong momentum throughout its business. However, the fintech stock is currently 72% below its peak price, which was set in August 2021.

Is it time to buy Block shares hand over fist? Let's take a closer look at the company.

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Source Fool.com