Square Q1 earnings set to show pick-up in transactions amid economic recovery, surge in bitcoin revenue

Square Q1 earnings set to show pick-up in transactions amid economic recovery, surge in bitcoin revenue

Square (SQ) is poised to report first-quarter earnings results after market close on Thursday, with the payments company's results likely boosted by ongoing growth in Cash App and its cryptocurrency offerings.

Here were the main metrics Wall Street is expecting to see from Square's report, based on consensus estimates compiled by Bloomberg:

Revenue: $3.38 billion expected vs. $1.38 billion Y/Y