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Paypal Is a Long-Term Buy Despite a Bleak Q4 Forecast

Paypal Is a Long-Term Buy Despite a Bleak Q4 Forecast

PayPal是长期买入,尽管第四季度预测黯淡
InvestorPlace ·  2021/11/10 17:06

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Paypal (NASDAQ:PYPL) is a screaming buy after its recent earnings fiasco. PYPL stock fell 12% on Nov. 9 immediately after it announced third-quarter results and forward guidance that left Wall Street cringing.

贝宝(纳斯达克:PYPL) 在最近的盈利惨败之后,这是一笔令人尖叫的收购。11月9日,PYPL公布第三季度业绩和前瞻性指引后,股价立即下跌12%,令华尔街望而却步。

Source: JHVEPhoto / Shutterstock.com
来源:JHVEPhoto/Shutterstock.com

Paypal stock had its worst one-day performance in nearly two years due to the substandard results. The online payments company's shares have now fallen 20% in the past month, bringing their year-to-date decline to nearly 14%.

由于业绩不达标,贝宝股价创下近两年来最差单日表现。这家在线支付公司的股价在过去一个月里下跌了20%,使其今年迄今的跌幅接近14%。

But at $204.64 and slumping further, PYPL stock looks like a great bargain for investors who are patient and willing to hold the shares for the long-term. And despite the latest earnings miss, there are still reasons to be bullish on Paypal and its prospects.

但对于那些耐心并愿意长期持有这些股票的投资者来说,204.64美元的股价还在进一步下跌,看起来是一笔很划算的交易。尽管最近业绩不佳,但仍有理由看好贝宝及其前景。

Weak Guidance for PYPL Stock

PYPL股票指引疲软

On the surface, Paypal's Q3 report looked decent. The Silicon Valley-based company's revenue rose 13% from a year ago to nearly $6.2 billion, driven by a 26% rise in total payment volume to $310 billion.

从表面上看,贝宝的第三季度报告看起来不错。这家总部位于硅谷的公司的收入同比增长13%,达到近62亿美元,支付总额增长26%,达到3100亿美元。

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Paypal added 13.3 million net new active accounts during the quarter, bringing its total account base to 416 million worldwide. And the company's free cash flow climbed 20% to $1.3 billion, which enabled it to undertake its $350 million share buyback program.

贝宝在本季度净增加了1330万个新的活跃账户,使其在全球的总账户基数达到4.16亿。该公司的自由现金流攀升了20%,达到13亿美元,这使得它能够实施3.5亿美元的股票回购计划。

The company's earnings for the quarter ended Sept. 30 came in at $1.11 per share, up almost 4% from a year earlier. Analysts had expected Paypal to see earnings per share (EPS) of $1.07 on revenue of $6.23 billion.

该公司截至9月1日的季度收益。30美元的每股收益为1.11美元,比去年同期上涨了近4%。分析师原本预计Paypal每股盈余(EPS)为1.07美元,营收为62.3亿美元。

While the earnings results were good, investors seized on Paypal's weak forward guidance, which sent the stock sharply lower in recent days. Management said on an earnings call that they now expect adjusted earnings of $1.12 per share on revenue of $6.85 billion to $6.95 billion for the fourth quarter.

虽然盈利结果不错,但投资者抓住了贝宝疲弱的前瞻性指引,这导致该公司股价在最近几天大幅下挫。管理层在财报电话会议上表示,他们现在预计调整后的收益为1.12美元第四季度营收为68.5亿至69.5亿美元,每股收益为68.5亿至69.5亿美元。

Analysts had expected $1.27 EPS on $7.24 billion in revenue. In the latter category, Paypal's guidance for the entire year was revised down to a range of $25.3 billion to $25.4 billion. Analysts had been looking for $25.78 billion in full-year revenue. The disappointing guidance was like a torpedo hitting PYPL stock.

分析师此前预计营收为72.4亿美元,每股收益为1.27美元。在后一种情况下,贝宝的全年业绩指引被下修至253亿至254亿美元。分析师此前预计全年营收为257.8亿美元。这一令人失望的指引就像一枚鱼雷击中了PYPL的股票。

Paypal Can Get a Boost from Amazon and Crypto

贝宝(PayPal)可以从亚马逊和Crypto那里获得提振

When delivering its Q3 results, PayPal also announced a new deal with online retail giant Amazon (NASDAQ:AMZN). Beginning next year, Paypal users will be able to make purchases on Amazon's website and mobile shopping app using their Venmo accounts.

在发布第三季度业绩时,贝宝还宣布与在线零售巨头达成新协议亚马逊(纳斯达克:amzn)从明年开始,贝宝用户将可以使用他们的Venmo账户在亚马逊的网站和移动购物应用程序上进行购物。

The deal was struck as eBay (NASDAQ:EBAY), which used to own Paypal, transitions sellers from the fintech company onto its own proprietary payment system. PayPal said volume on eBay marketplaces now represents just 4% of its total revenue. Partnering with Amazon should help Paypal replace some of the revenue it lost through eBay.

这笔交易达成的原因是易趣(纳斯达克:易趣)曾经拥有贝宝(Paypal)的贝宝,将卖家从金融科技公司过渡到自己的专有支付系统。贝宝(PayPal)表示,eBay市场上的交易量目前仅占其总收入的4%。与亚马逊的合作应该会帮助Paypal弥补其在eBay上损失的部分收入。

Paypal's Venmo app continues to be a big focus for the company. In April of this year, the payments platform began supporting cryptocurrency. Payment volumes from digital coins and tokens rose 36% to $60 billion in the third quarter.

贝宝(PayPal)的Venmo应用程序仍然是该公司的一大关注点。今年4月,支付平台开始支持加密货币。第三季度,数字硬币和代币的支付量增长了36%,达到600亿美元。

Customers of Paypal in the U.S. can buy, sell and check out using a variety of cryptos on Venmo. And with a network of 33 million retailers globally, PayPal's offerings rival those of Coinbase (NASDAQ:COIN), the country's largest cryptocurrency exchange.

美国的Paypal客户可以在Venmo上使用各种密码进行买卖和结账。贝宝在全球拥有3300万家零售商的网络,其产品可与Coinbase纳斯达克(Alipay:Coin)是中国最大的加密货币交易所。

Paypal benefited from the surge in popularity of both online payments and cryptos during the pandemic. Its shares more than doubled in value in 2020.

贝宝(PayPal)受益于大流行期间在线支付和密码的普及。其股价在2020年翻了一番以上。

But PYPL stock has been on the downslope since rumors surfaced that the company was planning to buy Pinterest (NYSE:PINS) for $45 billion. Analysts praised the potential deal, saying it would give Paypal an engine for future growth.

但自从有传言称该公司计划收购PYPL以来,该公司的股价一直在走低帕利(纽约证券交易所股票代码:PINS)450亿美元。分析师称赞了这笔潜在的交易,称这将给Paypal带来未来增长的引擎。

However, Paypal squashed the rumors, saying it is not involved in talks to acquire Pinterest. Since then, its shares have been trending lower in a decline that recently accelerated.

然而,Paypal平息了谣言,称它没有参与收购Pinterest的谈判。自那以来,其股价一直在走低,最近跌势加速。

Buy (And Hold) PYPL Stock

买入(并持有)PYPL股票

The fundamental story of Paypal has not changed. While the company is forecasting a weaker-than-expected fourth quarter, the long-term outlook remains incredibly positive.

贝宝的基本情况没有改变。虽然该公司预计第四季度的业绩弱于预期,但长期前景仍然令人难以置信地乐观。

The new deal with Amazon is proof that Paypal remains focused on diversification and finding ways to grow its future earnings. It is also on the bleeding edge of cryptocurrencies, and the transition to digital payments is only going to accelerate in coming years.

与亚马逊的新协议证明,贝宝仍专注于多元化,并想方设法增加未来的收益。它也处于加密货币的前沿,未来几年向数字支付的过渡只会加速。

With all this in mind, the current drop in PYPL stock should be viewed as a buying opportunity. Get the shares while they are on sale.

考虑到这一切,目前PYPL股票的下跌应该被视为一个买入机会。股票在打折时就可以买到了。

Disclosure: On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

披露:在出版之日,乔尔·巴格洛(Joel Baglole)没有(直接或间接)持有本文所述证券的任何头寸。本文表达的观点是作者的观点,以InvestorPlace.com为准出版指南.

Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia. 

乔尔·巴格洛(Joel Baglole)已经做了20年的商业记者。他在《华尔街日报》担任了五年的特约记者,还曾为《华盛顿邮报》和《多伦多星报》以及The Motley Fool和Investopedia等财经网站撰稿。 

The post Paypal Is a Long-Term Buy Despite a Bleak Q4 Forecast appeared first on InvestorPlace.

尽管在InvestorPlace上首次出现了黯淡的第四季度预测,但Paypal发布的帖子是一个长期买入(Long-Term Buy)。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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