Up 120% in 2020, Is It Too Late to Buy Square Stock?
Square (NYSE: SQ) stock recently soared to an all-time high after its second-quarter numbers soundly beat analysts' estimates. The fintech company's revenue surged 64% annually (70% after excluding the divestment of Caviar) to $1.92 billion, clearing the consensus forecast by $790 million. Its adjusted EBITDA dipped 7% to $97.9 million, but earnings of $0.18 per share still beat expectations by $0.23.
That earnings beat was impressive, but is Square's stock overheating after rallying 120% this year? Let's examine Square's second-quarter earnings, its outlook, and the valuation to find out.
Image source: Square.
Source Fool.com
