Square bounces back to its old trajectory
Square ($NYSE:SQ) stock was on a roaring pace until its last earnings report, when investors bailed after disappointing guidance. Shares have tumbled more than 20% in the time since. Now, Jack Dorsey's payments app is getting back on track.
Job postings at Square have risen more than 13% since the end of the second quarter - a signal that Dorsey's payments company still has its eye on growth.
Square is also apparently emphasizing input on its products. Its point of sale app - not to be confused with one of nearly three dozen products Thinknum tracks - has amassed more than 100,000 product ratings in the Apple ($NASDAQ:AAPL) Store in 2019 alone. It's a sign the company is out to gather more user input, and hopefully, with the aim of integrating feedback. For our chart above, tracking total ratings on the point of sale app, this particular Square app posted growth in reviews of more than 28% over the course of the quarter.
The point of sale app has also earned a rating higher than 4.4, which has increased over time, according to our Apple Store data.
Square announces earnings on November 6; analysts tracked by Zacks Investment Research are anticipating EPS $0.03.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.