Block Q3 Earnings Preview: Solid Margins And Cash Square Up Competition, Cryptocurrency Risk
Block Q3 Earnings Preview: Solid Margins And Cash Square Up Competition, Cryptocurrency Risk
Jack Dorsey-led Block Inc (NYSE:SQ), formerly Square, will be reporting its third-quarter earnings on Nov. 2, after market hours. Block is a popular name in the FinTech space.
傑克·多爾西領導 Block In 紐約證券交易所股票代碼：SQ），前身爲Square，將在盤後於11月2日公佈其第三季度收益。Block是金融科技領域的一個流行名字。
The company's offerings facilitate mobile payments and provide a variety of services primarily aimed at small and medium-sized businesses.
該公司的產品促進了移動支付，並提供主要針對中小型企業的各種服務。
Here's what analysts will be focusing on, and how the stock currently maps against Wall Street estimates.
以下是分析師將關注的內容，以及該股目前與華爾街的估計相比如何。
Business & Fundamentals: Block's key business offerings include a hardware point-of-sale system. It also offers analytics and payment processing software, as well as a free business debit card called Square Debit Card. There's also the peer-to-peer (P2P) payment app, Cash App.
商業與基礎知識： Block 的主要業務產品包括硬件銷售點系統。它還提供分析和支付處理軟件，以及名爲Square Debit Card的免費商務借記卡。還有點對點（P2P）支付應用程序，即Cash App。
Cash App also offers Bitcoin ($BTC) trading and holds it on its balance sheet as an alternative to cash.
Cash App 還提供 比特幣 ($BTC) 進行交易並將其保留在資產負債表上，作爲現金的替代品。
Block has successfully delivered year-on-year growth to investors in its business and sports a solid net cash balance sheet. Gross profit margins got a big boost during Covid, but receded over the last two reported quarters.
Block成功地爲其業務的投資者實現了同比增長，並擁有穩健的淨現金資產負債表。在Covid期間，毛利率大幅提高，但在過去兩個報告的季度中有所下降。
Related: If You Invested $1000 In Block After Michael Saylor Called The Jack Dorsey-Led Company's $50M Bitcoin Investment 'Extraordinary', Here's How Much You'd Have Today
相關信息：如果在邁克爾·塞勒稱傑克·多爾西領導的公司的5000萬美元比特幣投資 “非同尋常” 之後，你在區塊上投資了1000美元，那麼你今天會擁有以下金額
Increased competition in the payments space and uncertainties with cryptocurrency, more specifically, bitcoin, remain key risks for Block's business.
支付領域競爭的加劇以及加密貨幣（更具體地說是比特幣）的不確定性，仍然是Block業務的主要風險。
Q3 Analysts' Focus: Expect Block analysts to focus on the company's gross profit margins and key product milestones. Other payment players — Fiserv Inc (NYSE:FI), Worldline SA (OTCPK:WRDLY), and Visa Inc (NYSE:V) — are reporting strong payment volumes in Q3. The Street expects SQ to deliver a beat on earnings as well.
第三季度分析師的重點： 預計 Block 分析師將關注該公司的毛利率和關鍵產品里程碑。其他支付玩家 — Fiserv Inc. （紐約證券交易所代碼：FI）， Worldline （OTCPK: WRDLY），以及 Visa Inc （紐約證券交易所代碼：V）——報告了第三季度的強勁支付量。華爾街預計，SQ的收益也將超過預期。
Ratings & Consensus Estimates: Wall Street expects Block to report 45 cents in EPS and $5.43 billion in revenue for the third quarter. Estimates for the fiscal period ending Dec. 2023 stand at $1.74 in EPS and $21.55 billion in revenue. Block stock is currently rated a Buy per consensus ratings from Wall Street analysts with a price target of $71.78.
評級和共識估計： 華爾街預計，Block將在第三季度公佈每股收益45美分，收入爲54.3億美元。截至2023年12月的財年，預計每股收益爲1.74美元，收入爲215.5億美元。華爾街分析師目前將大宗股票評級定爲每股買入，目標股價爲71.78美元。
Price Action: Block stock was trading at $43.52 a share at the time of publication on Thursday, closer to the low end of its 52-week range of $38.85 – $89.97. With the stock down 32.8% year-to-date, SQ bulls would see this as an opportunity.
價格走勢： 週四發佈時，大宗股票的交易價格爲每股43.52美元，接近其52周區間38.85美元至89.97美元的低點。今年迄今爲止，該股下跌了32.8％，SQ多頭會將其視爲機會。
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繼續閱讀：Coinbase Vs.區塊：凱茜·伍德今年憑藉其投資組合中的這隻加密股票賺了錢