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.
杰克·多尔西领导 Block In 纽约证券交易所股票代码：SQ），前身为Square，将在盘后于11月2日公布其第三季度收益。Block是金融科技领域的一个流行名字。
The company's offerings facilitate mobile payments and provide a variety of services primarily aimed at small and medium-sized businesses.
该公司的产品促进了移动支付，并提供主要针对中小型企业的各种服务。
Here's what analysts will be focusing on, and how the stock currently maps against Wall Street estimates.
以下是分析师将关注的内容，以及该股目前与华尔街的估计相比如何。
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.
商业与基础知识： Block 的主要业务产品包括硬件销售点系统。它还提供分析和支付处理软件，以及名为Square Debit Card的免费商务借记卡。还有点对点（P2P）支付应用程序，即Cash App。
Cash App also offers Bitcoin ($BTC) trading and holds it on its balance sheet as an alternative to cash.
Cash App 还提供 比特币 ($BTC) 进行交易并将其保留在资产负债表上，作为现金的替代品。
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成功地为其业务的投资者实现了同比增长，并拥有稳健的净现金资产负债表。在Covid期间，毛利率大幅提高，但在过去两个报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
相关信息：如果在迈克尔·塞勒称杰克·多尔西领导的公司的5000万美元比特币投资 “非同寻常” 之后，你在区块上投资了1000美元，那么你今天会拥有以下金额
Increased competition in the payments space and uncertainties with cryptocurrency, more specifically, bitcoin, remain key risks for Block's business.
支付领域竞争的加剧以及加密货币（更具体地说是比特币）的不确定性，仍然是Block业务的主要风险。
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.
第三季度分析师的重点： 预计 Block 分析师将关注该公司的毛利率和关键产品里程碑。其他支付玩家 — Fiserv Inc. （纽约证券交易所代码：FI）， Worldline （OTCPK: WRDLY），以及 Visa Inc （纽约证券交易所代码：V）——报告了第三季度的强劲支付量。华尔街预计，SQ的收益也将超过预期。
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.
评级和共识估计： 华尔街预计，Block将在第三季度公布每股收益45美分，收入为54.3亿美元。截至2023年12月的财年，预计每股收益为1.74美元，收入为215.5亿美元。华尔街分析师目前将大宗股票评级定为每股买入，目标股价为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.
价格走势： 周四发布时，大宗股票的交易价格为每股43.52美元，接近其52周区间38.85美元至89.97美元的低点。今年迄今为止，该股下跌了32.8％，SQ多头会将其视为机会。
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