Analysts surveyed by FactSet are looking for a loss of 11 cents per share and $172.6 million in revenue.
The payments processing company went public in November 2015. Square missed estimates in the past two quarters, but beat expectations for its first quarter as a publicly traded company.
Wall Street expects Square to beat projections for the most recent quarter, MarketWatch reports.
Near term, Square should benefit as small businesses upgrade the company's card reader and switch from competitors due to Square's new payment system that accepts chip cards, Andrew Jeffrey, an analyst with SunTrust Robinson Humphrey, told MarketWatch.
Earlier this month, Credit Suisse initiated coverage of the stock with a "neutral" rating and $12 price target.
"While we believe Square occupies a differentiated niche within the payments landscape, has a defensible position among small and micro merchants, and offers a high-quality product, our neutral rating is based on our view that valuation is full," the firm wrote in a note at the time.
Shares were higher in late-afternoon trading on Monday.