BlockNYSE: SQ

CALGARY, AB / ACCESSWIRE / November 5, 2024 / Touchstone Exploration Inc. ("Touchstone", "we", "our" or the "Company") (TSX:TXP)(LSE:TXP) announces that Primera Oil and Gas Limited ("POGL"), our wholly owned Trinidadian subsidiary, executed an Exploration and Production (Public Petroleum Rights) licence for the Rio Claro block (the "Rio Claro Licence") on November 4, 2024. The Rio Claro Licence has been formally entered into by POGL, the Government of Trinidad and Tobago, the Trinidad and Tobago Ministry of Energy and Energy Industries ("MEEI"), and a subsidiary of the National Gas Company of Trinidad and Tobago ("NGC").

Block plans to publish its Q3 results on the 7th of November after market hours, and we touch upon some of the important sub-plots of the earnings event. Valuations look cheap, particularly in light of management's OPEX control and healthy EBITDA dynamics through the next year. SQ, which doesn't have the greatest earnings track record, has little wiggle room to go wrong as estimates for Q3 have been lifted by 4% over the past 3 months.

Evaluate the expected performance of Block (SQ) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Most of these stocks have been growing powerfully, and a few seem reasonably or attractively valued.

Block (SQ) stock price has crawled back after bottoming at $54 in August. It has entered a local bull market, rising by 30% from its lowest point in August, and is hovering near its highest level since May 6.

Block (SQ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Block's business-focused payments arm, Square, told CNBC it has rolled out it's Square Card product in Britain. It marks the first time Block has expanded its business card offering outside North America, where it first launched in 2019.

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