Fast Money Blog- 2/25/22
What a week for the U.S. Stock Market. Although the world was shocked by Russias invasion of Ukraine there was still amazing news on the earnings front.
On Tuesday, February 22nd, The Home Depot, Inc. (HD) released their Q4 and Fiscal 2021 earnings results. The company reported revenue of $35.7 billion, a 10.7% increase year-over-year. Total comparable sales for the 4th quarter increased 8.1% and there was a 12.3% rise in the average ticket.
Sales for fiscal 2021 totaled $151.1 billion, an increase of 14% from a year ago.
More good news for long-term shareholders: the Company announced that its board of directors approved a 15 % increase in its quarterly dividend to $1.90 per share, which equates to an annual dividend of $7.60 per share.
By all Wealthy Investor standards, Home Depot is an outstanding trade and investment.
On Thursday, February 24th, Block, Inc. (SQ) released their Q4 2021 earnings results, the company’s first earnings report since changing its name in December.
The company reported that revenue was $4.08 billion in the fourth quarter of 2021, up 29% year over year.
The company saw $1.31 billion in transaction-based revenue, up 41% year-over-year. This revenue accounted for 32% of Block’s total revenue in the fourth quarter. It was the second major source of revenue next to Bitcoin revenue, which at $1.96 billion, accounted for 48% of total revenue.
For the full year of 2021, revenue was $17.6 billion, an increase of 86% from the full year of 2020.
Block also showed strong growth in its Gross Payment Volume (GPV), which came in at $46.3 billion for Q4, up 45% year-over-year.
Looking ahead, the company believes its new Afterpay acquisition, giving customers the ability to “buy now, pay later” should boost average revenue per user.
By all Wealthy Investor standards, Block, Inc. is another outstanding long-term investment.
2022 will be a year that will require a unique brand of patience for short-term traders and long-term investors.
Tyrone Jackson
The Wealthy Investor