Block Focuses On Increasing Efficiency And Profitability, Says Bullish Analyst
Block Focuses On Increasing Efficiency And Profitability, Says Bullish Analyst
Shares of Block Inc (NYSE:SQ) rose in premarket trading on Tuesday, after struggling for several weeks on weak Bitcoin prices.
Block Inc（紐約證券交易所代碼：SQ）的股價在週二盤前交易中上漲，此前因比特幣價格疲軟而苦苦掙扎了幾個星期。
The performance of the company's merchant segment is likely to improve, according to Wedbush.
Wedbush表示，該公司商業板塊的表現可能會有所改善。
The Block Analyst: Moshe Katri upgraded the rating for Block from Neutral to Outperform, while raising the price target from $70 to $90.
區塊分析師：摩西·卡特里將Block的評級從中性上調至跑贏大盤，同時將目標股價從70美元上調至90美元。
The Block Thesis: Management has taken a decision to focus on financial discipline, internal efficiencies, and GAAP earnings, Katri said in the upgrade note.
方塊論點：卡特里在升級說明中表示，管理層已決定將重點放在財務紀律、內部效率和GAAP收益上。
Check out other analyst stock ratings.
查看其他分析師股票評級。
Management's focus on profitability and efficiency involves multiple initiatives, including capping employee headcount at 12,000 by yearend 2024, the "ongoing, broad-based effort to reduce spend across corporate overhead areas" and the "likely termination of unprofitable businesses/initiatives," the analyst wrote.
分析師寫道，管理層對盈利能力和效率的關注涉及多項舉措，包括到2024年底將員工人數限制在12,000人，“爲減少企業管理費用領域的支出而持續而廣泛的努力” 以及 “可能終止無利可圖的業務/計劃”。
Stripe's actions to optimize pricing and weed out less profitable merchants would improve merchant segment performance and benefit Block, giving it the opportunity "to optimize/raise price," he added.
他補充說，Stripe優化定價和淘汰利潤較低的商戶的行動將改善商戶細分市場的績效並使Block受益，使其有機會 “優化/提高價格”。
Management has indicated that 2024 could be Block's "strongest year of profitability," including significant margin expansion, Katri further stated. The company has guided to an adjusted operating income of $875 million and adjusted EBITDA of $2.4 billion, up 40% year-over-year, in 2024, he added.
卡特里進一步表示，管理層表示，2024年可能是Block “盈利能力最強的一年”，包括利潤率的大幅增長。他補充說，該公司預計，2024年調整後的營業收入爲8.75億美元，調整後的息稅折舊攤銷前利潤爲24億美元，同比增長40％。
SQ Price Action: Shares of Block rose by 2.64% to $70.80 in the premarket session on Tuesday.
SQ價格走勢：週二盤前交易中，Block的股價上漲了2.64％，至70.80美元。
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Photo: Shutterstock
照片：Shutterstock
譯文內容由第三人軟體翻譯。