Hayleyxn
2022-01-25
Oo
Amazon Earnings Preview: What to Watch on Feb. 3<blockquote>亚马逊盈利预览：2 月 3 日看点</blockquote>
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
1
1
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":639079382,"tweetId":"639079382","gmtCreate":1643101314364,"gmtModify":1643101539685,"author":{"id":3578382329083125,"idStr":"3578382329083125","authorId":3578382329083125,"authorIdStr":"3578382329083125","name":"Hayleyxn","avatar":"https://static.tigerbbs.com/38f91d6f48b5ef2c23595e416b33bb59","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":33,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body><p>Oo</p></body></html>","htmlText":"<html><head></head><body><p>Oo</p></body></html>","text":"Oo","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/639079382","repostId":1182956358,"repostType":4,"repost":{"id":"1182956358","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643100096,"share":"https://www.laohu8.com/m/news/1182956358?lang=zh_CN&edition=full","pubTime":"2022-01-25 16:41","market":"us","language":"en","title":"Amazon Earnings Preview: What to Watch on Feb. 3<blockquote>亚马逊盈利预览：2 月 3 日看点</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182956358","media":"Tiger Newspress","summary":"Amazon is slated to report its fourth-quarter and full-year 2021 results after the market close on T","content":"<p><html><head></head><body>Amazon is slated to report its fourth-quarter and full-year 2021 results after the market close on Thursday, Feb. 3. An analyst conference call is scheduled for the same day at 5:30 p.m. ET.</p><p><blockquote><html><head></head><body>亚马逊定于 2 月 3 日星期四收盘后公布 2021 年第四季度和全年业绩。分析师电话会议定于当天下午 5:30 举行。美国东部时间。</body></html></blockquote></p><p>The period to be reported on is the second quarter that Andy Jassy has been CEO of the e-commerce and technology giant.</p><p><blockquote>报告期为安迪·贾西 (Andy Jassy) 担任这家电子商务和科技巨头首席执行官的第二季度。</blockquote></p><p>Investors will probably be approaching Amazon's report with some apprehension. Last quarter, the company missed Wall Street's expectations for both revenue and earnings, with the bottom-line miss a sizable one. That was the second consecutive quarter that revenue fell short of the analyst consensus estimate.</p><p><blockquote>投资者可能会带着一些担忧看待亚马逊的报告。上季度，该公司的收入和盈利均低于华尔街的预期，利润低于华尔街的预期。这是收入连续第二个季度低于分析师普遍预期。</blockquote></p><p>Here's what to watch in Amazon's upcoming report.</p><p><blockquote>以下是亚马逊即将发布的报告中值得关注的内容。</blockquote></p><p><b>Amazon's key quarterly numbers</b></p><p><blockquote><b>亚马逊的主要季度数据</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a737a5a74be82f69eff8adbcb7d04ac9\" tg-width=\"554\" tg-height=\"160\" width=\"100%\" height=\"auto\"/><span>DATA SOURCES: AMAZON.COM AND YAHOO! FINANCE. NOTE: AMAZON DOES NOT PROVIDE EARNINGS GUIDANCE.</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：亚马逊和雅虎!金融。注意：亚马逊不提供盈利指引。</span></p></blockquote></p><p>While Amazon doesn't provide guidance for earnings, it does so for operating income. Management expects fourth-quarter operating income to range from $0 to $3 billion, compared with $6.9 billion in the year-ago period. This guidance range represents operating income declining by about 100% to 57% year over year.</p><p><blockquote>虽然亚马逊不提供盈利指导，但它为经营利润提供了指导。管理层预计第四季度经营利润将在 0 至 30 亿美元之间，而去年同期为 69 亿美元。该指导范围代表经营利润同比下降约100%至57%。</blockquote></p><p>The world's e-commerce leader faced tough year-over-year comparables in the fourth quarter. In the year-ago period, revenue surged 44% and earnings per share soared 118% year over year. The fourth quarter of 2020 was particularly strong for two main reasons. First, the pandemic was raging and vaccines had only begun to roll out at the very tail end of the quarter/year. Second, Amazon held its annual Prime Day event in the fourth quarter of 2020 (October), whereas in 2021, this event took place in the second quarter (June).</p><p><blockquote>这家全球电子商务领导者第四季度面临着严峻的同比可比业绩。去年同期，收入激增44%，每股收益同比飙升118%。2020年第四季度特别强劲，主要原因有二。首先，疫情肆虐，疫苗在季度/年末才开始推出。其次，亚马逊在2020年第四季度（10月）举办了年度Prime Day活动，而在2021年，该活动发生在第二季度（6月）。</blockquote></p><p>In last quarter's earnings release, Jassy provided another reason -- increased costs -- that the company's bottom-line results are expected to decline significantly from the year-ago period:</p><p><blockquote>在上季度的财报发布中，Jassy 提供了另一个原因——成本增加——该公司的底线业绩预计将比去年同期大幅下降：</blockquote></p><p>In the fourth quarter, we expect to incur several billion dollars of additional costs in our consumer business as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs -- all while doing whatever it takes to minimize the impact on customers and selling partners this holiday season. It'll be expensive for us in the short term, but it's the right prioritization for our customers and partners.</p><p><blockquote>在第四季度，我们预计消费者业务将产生数十亿美元的额外成本，因为我们正在应对劳动力供应短缺、工资成本增加、全球供应链问题以及货运和海运成本增加的问题，同时尽一切努力将这个假期对客户和销售合作伙伴的影响降至最低。短期内这对我们来说会很昂贵，但对我们的客户和合作伙伴来说，这是正确的优先事项。</blockquote></p><p>For context, in the third quarter, Amazon's revenue increased 15% year over year to $110.8 billion, missing the $111.6 billion the Street had expected, but coming in close to the high end of its guidance range of $106 billion to $112 billion. By segment, sales in North America, international, and Amazon Web Services rose 10%, 16%, and 39%, respectively. EPS dropped 51% to $6.12. That result fell considerably short of the analyst consensus estimate of $8.92.</p><p><blockquote>作为背景，第三季度，亚马逊营收同比增长15%，达到1108亿美元，低于华尔街预期的1116亿美元，但接近其指导区间1060亿美元至1120亿美元的高端。按细分市场划分，北美、国际和亚马逊网络服务的销售额分别增长了10%、16%和39%。每股收益下降 51%，至 6.12 美元。这一结果远低于分析师普遍预期的 8.92 美元。</blockquote></p><p><b>AWS</b></p><p><blockquote><b>AWS</b></blockquote></p><p>Through the first nine months of 2021, Amazon's cloud segment, Amazon Web Services (AWS), generated $44.4 billion of revenue while operating at a 30% margin. For one point of comparison, Google Cloud contributed $13.7 billion of revenue for the first nine months of 2021 and is unprofitable, as it reported a loss of $2.2 billion.</p><p><blockquote>2021 年前 9 个月，亚马逊的云部门亚马逊网络服务 (AWS) 创造了 444 亿美元的收入，运营利润率为 30%。相比之下，谷歌云在 2021 年前 9 个月贡献了 137 亿美元的收入，但尚未盈利，因为它报告亏损 22 亿美元。</blockquote></p><p>What's even more staggering is the pace of AWS's growth. During Q3 2021, AWS generated $16.1 billion of revenue, which represented 39% year-over-year growth. Investors can see that the quarterly operating income of $4.9 billion for the AWS segment was more than Amazon's entire business combined. Amazon Web Services is arguably becoming the most important pillar of the company's ecosystem.</p><p><blockquote>更惊人的是AWS的增长速度。2021年第三季度，AWS创造了161亿美元的收入，同比增长39%。投资者可以看到，AWS 部门的季度经营利润为 49 亿美元，超过了亚马逊整个业务的总和。亚马逊网络服务可以说正在成为该公司生态系统最重要的支柱。</blockquote></p><p><b>Digital advertising</b></p><p><blockquote><b>数字广告</b></blockquote></p><p>Amazon has been able to reinvest the profits from its cloud business into other segments, as the company works to differentiate itself from other technology behemoths. One area that is quickly becoming an important crux of Amazon's business is digital advertising.</p><p><blockquote>亚马逊已经能够将其云业务的利润再投资到其他领域，因为该公司正在努力将自己与其他科技巨头区分开来。数字广告正在迅速成为亚马逊业务的一个重要症结。</blockquote></p><p>According to eMarketer, Amazon is expected to comprise 10.7% of the U.S. digital ad market in 2021 and grow to 12.8% by 2023. Although the uptick has been bolstered by increasing consumer reliance on digital shopping during the pandemic, one could argue that this theme will stick because Amazon's platform makes it more time-efficient and cost-effective for consumers to make purchases online versus going to a physical retail location.</p><p><blockquote>根据eMarketer的数据，亚马逊预计将在2021年占据美国数字广告市场的10.7%，到2023年将增长到12.8%。尽管疫情期间消费者对数字购物的依赖不断增加，推动了这一增长，但有人可能会说，这一主题将会持续下去，因为亚马逊的平台使消费者在网上购物比在实体零售店购物更省时、更具成本效益。</blockquote></p><p>The boom on the digital ad side of its business could serve as another lucrative catalyst for the company as it gains market share from Google and Meta Platforms. On the contrary, eMarketer predicts that Google's digital ad business in the U.S. is expected to decrease from 28.9% in 2020 to 26.6% in 2023.</p><p><blockquote>随着该公司从谷歌和 Meta 平台获得市场份额，其业务数字广告方面的繁荣可能成为该公司另一个有利可图的催化剂。相反，eMarketer预测，谷歌在美国的数字广告业务预计将从2020年的28.9%下降到2023年的26.6%。</blockquote></p><p></p><p>Amazon is well-positioned to benefit from enterprise investment in digital transformation. As the company gains market share over its competition, AWS's capital efficient margin profile will continue fueling additional growth drivers as the company looks to enter new industries.</p><p><blockquote>亚马逊处于有利地位，可以从数字化转型的企业投资中受益。随着公司在竞争对手中获得市场份额，随着公司寻求进入新行业，AWS 的资本有效利润率状况将继续推动额外的增长动力。</blockquote></p><p><b>Prime Membership</b></p><p><blockquote><b>优质会员资格</b></blockquote></p><p>Since the pandemic, Amazon has attracted about 30 million new members to its Prime membership program each year (in 2020 and 2021), according to estimates from Consumer Intelligence Research Partners, LLC (CIRP).</p><p><blockquote>根据消费者情报研究合作伙伴有限责任公司（CIRP）的估计，自疫情以来，亚马逊每年（2020年和2021年）吸引了约3000万新会员加入其Prime会员计划。</blockquote></p><p>Meanwhile, membership renewal rates continued to improve. “The renewal rate after one year hit 94%, while the rate after two years is an impressive 98%, which any other retailer or membership driven business would envy,” said CIRP’s other Partner and cofounder, Mike Levin.</p><p><blockquote>与此同时，会员续期率继续提高。“CIRP 的另一位合伙人兼联合创始人迈克-莱文（Mike Levin）说：”一年后的续订率达到了 94%，而两年后的续订率高达 98%，令人印象深刻，这是任何其他零售商或会员驱动型企业都会羡慕的。</blockquote></p><p>More information from the CIRP report: “As of December 2021, Amazon had 172 million US members. In each of 2020 and 2021, Amazon Prime added about 30 million members in the US. We attribute much of this increase to significantly greater online shopping during the COVID-19 pandemic. This served to accelerate Prime membership growth from slower rates in the previous few years.”</p><p><blockquote>更多信息来自 CIRP 报告： “截至 2021 年 12 月，亚马逊在美国拥有 1.72 亿会员。在 2020 年和 2021 年，亚马逊 Prime 在美国新增了约 3000 万会员。我们将这一增长的主要原因归功于 COVID-19 大流行期间网上购物的大幅增长。这加速了 Prime 会员的增长速度，而前几年的增长速度较慢。”</blockquote></p><p><b>Analysts see upside for the stock in 2022</b></p><p><blockquote><b>分析师认为该股在 2022 年有上涨空间</b></blockquote></p><p>Earlier this year, BofA analyst Justin Post named Amazon his favorite FAANG stock for 2022, seeing a positive outlook on e-commerce for the next three to five years and growth in Amazon Web Services cloud business.</p><p><blockquote>今年早些时候，美国银行分析师贾斯汀·波斯特 (Justin Post) 将亚马逊列为他 2022 年最喜欢的 FAANG 股票，认为未来三到五年电子商务前景乐观，亚马逊网络服务云业务也将增长。</blockquote></p><p>The stock has zero Sell ratings, three Holds, and 50 Buys or Overweights, according to analysts surveyed by FactSet.</p><p><blockquote>FactSet 调查的分析师表示，该股的卖出评级为零，持有评级为 3，买入或增持评级为 50。</blockquote></p><p>“Though our estimates come down, we believe lower expectations should help de-risk shares and AMZN will become a cleaner story to own through 2022,” J.P. Morgan analyst Doug Anmuth wrote in a research note.</p><p><blockquote>“摩根大通（J.P. Morgan）分析师道格-安穆斯（Doug Anmuth）在一份研究报告中写道：”虽然我们的预期有所下降，但我们相信较低的预期应该有助于降低股票风险，到 2022 年，亚马逊将成为一个更干净的股票。</blockquote></p><p>Although Amazon performed well amid a challenging holiday season, Anmuth lowered his first-quarter revenue estimate to $120.5 billion, and trimmed his yearly earnings per share guidance to $75.17, down from $79.47 due to elevated labor, operational, and inflationary costs.</p><p><blockquote>尽管亚马逊在充满挑战的假日季表现良好，但安穆斯将第一季度收入预期下调至 1,205 亿美元，并将年度每股收益指引从 79.47 美元下调至 75.17 美元，原因是劳动力、运营和通胀成本上升。</blockquote></p><p>Despite the near-term headwinds, Amazon remains J.P. Morgan’s overall top pick, with Anmuth reiterating his Overweight rating and $4,350 price target.</p><p><blockquote>尽管近期面临不利因素，但亚马逊仍然是摩根大通的总体首选，安穆斯重申了他的跑赢大盘评级和 4,350 美元的目标价。</blockquote></p><p>Revenue should begin to accelerate in the second quarter as costs ease back. Further gains could come as Amazon boosts sales in the grocery, apparel, accessories, and the furniture and appliances sectors, all while selectively increasing prices. Already, the company has raised fulfillment fees by 5%, a move that could add an additional $3 billion in 2022. Anmuth believes Amazon could also hike its Prime membership fees sometime this year.</p><p><blockquote>随着成本回落，收入应该会在第二季度开始加速增长。随着亚马逊提高杂货、服装、配饰以及家具和电器行业的销售，同时选择性地提高价格，亚马逊可能会进一步增长。该公司已经将履约费提高了 5%，此举可能会在 2022 年额外增加 30 亿美元。Anmuth 认为亚马逊也可能在今年某个时候提高 Prime 会员费。</blockquote></p><p>Amazon also has doubled its fulfillment network and increased its warehouse capacity. Now that the company is no longer space-constrained, it is free to meet elevated demand and invest heavily in marketing, Anmuth said.</p><p><blockquote>亚马逊还将其履行网络扩大了一倍，并增加了仓库容量。安穆斯说，现在公司不再受空间限制，可以自由地满足不断增长的需求，并在营销方面进行大量投资。</blockquote></p><p>Amazon had a tough 2021, gaining just 4% for the year while the S&P 500 rallied 30% —but analysts see upside for the stock in 2022.</p><p><blockquote>亚马逊 2021 年表现艰难，全年仅上涨 4%，而标普500则上涨 30%，但分析师认为该股在 2022 年仍有上涨空间。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Earnings Preview: What to Watch on Feb. 3<blockquote>亚马逊盈利预览：2 月 3 日看点</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Earnings Preview: What to Watch on Feb. 3<blockquote>亚马逊盈利预览：2 月 3 日看点</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2022-01-25 16:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Amazon is slated to report its fourth-quarter and full-year 2021 results after the market close on Thursday, Feb. 3. An analyst conference call is scheduled for the same day at 5:30 p.m. ET.</p><p><blockquote><html><head></head><body>亚马逊定于 2 月 3 日星期四收盘后公布 2021 年第四季度和全年业绩。分析师电话会议定于当天下午 5:30 举行。美国东部时间。</body></html></blockquote></p><p>The period to be reported on is the second quarter that Andy Jassy has been CEO of the e-commerce and technology giant.</p><p><blockquote>报告期为安迪·贾西 (Andy Jassy) 担任这家电子商务和科技巨头首席执行官的第二季度。</blockquote></p><p>Investors will probably be approaching Amazon's report with some apprehension. Last quarter, the company missed Wall Street's expectations for both revenue and earnings, with the bottom-line miss a sizable one. That was the second consecutive quarter that revenue fell short of the analyst consensus estimate.</p><p><blockquote>投资者可能会带着一些担忧看待亚马逊的报告。上季度，该公司的收入和盈利均低于华尔街的预期，利润低于华尔街的预期。这是收入连续第二个季度低于分析师普遍预期。</blockquote></p><p>Here's what to watch in Amazon's upcoming report.</p><p><blockquote>以下是亚马逊即将发布的报告中值得关注的内容。</blockquote></p><p><b>Amazon's key quarterly numbers</b></p><p><blockquote><b>亚马逊的主要季度数据</b></blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a737a5a74be82f69eff8adbcb7d04ac9\" tg-width=\"554\" tg-height=\"160\" width=\"100%\" height=\"auto\"/><span>DATA SOURCES: AMAZON.COM AND YAHOO! FINANCE. NOTE: AMAZON DOES NOT PROVIDE EARNINGS GUIDANCE.</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来源：亚马逊和雅虎!金融。注意：亚马逊不提供盈利指引。</span></p></blockquote></p><p>While Amazon doesn't provide guidance for earnings, it does so for operating income. Management expects fourth-quarter operating income to range from $0 to $3 billion, compared with $6.9 billion in the year-ago period. This guidance range represents operating income declining by about 100% to 57% year over year.</p><p><blockquote>虽然亚马逊不提供盈利指导，但它为经营利润提供了指导。管理层预计第四季度经营利润将在 0 至 30 亿美元之间，而去年同期为 69 亿美元。该指导范围代表经营利润同比下降约100%至57%。</blockquote></p><p>The world's e-commerce leader faced tough year-over-year comparables in the fourth quarter. In the year-ago period, revenue surged 44% and earnings per share soared 118% year over year. The fourth quarter of 2020 was particularly strong for two main reasons. First, the pandemic was raging and vaccines had only begun to roll out at the very tail end of the quarter/year. Second, Amazon held its annual Prime Day event in the fourth quarter of 2020 (October), whereas in 2021, this event took place in the second quarter (June).</p><p><blockquote>这家全球电子商务领导者第四季度面临着严峻的同比可比业绩。去年同期，收入激增44%，每股收益同比飙升118%。2020年第四季度特别强劲，主要原因有二。首先，疫情肆虐，疫苗在季度/年末才开始推出。其次，亚马逊在2020年第四季度（10月）举办了年度Prime Day活动，而在2021年，该活动发生在第二季度（6月）。</blockquote></p><p>In last quarter's earnings release, Jassy provided another reason -- increased costs -- that the company's bottom-line results are expected to decline significantly from the year-ago period:</p><p><blockquote>在上季度的财报发布中，Jassy 提供了另一个原因——成本增加——该公司的底线业绩预计将比去年同期大幅下降：</blockquote></p><p>In the fourth quarter, we expect to incur several billion dollars of additional costs in our consumer business as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs -- all while doing whatever it takes to minimize the impact on customers and selling partners this holiday season. It'll be expensive for us in the short term, but it's the right prioritization for our customers and partners.</p><p><blockquote>在第四季度，我们预计消费者业务将产生数十亿美元的额外成本，因为我们正在应对劳动力供应短缺、工资成本增加、全球供应链问题以及货运和海运成本增加的问题，同时尽一切努力将这个假期对客户和销售合作伙伴的影响降至最低。短期内这对我们来说会很昂贵，但对我们的客户和合作伙伴来说，这是正确的优先事项。</blockquote></p><p>For context, in the third quarter, Amazon's revenue increased 15% year over year to $110.8 billion, missing the $111.6 billion the Street had expected, but coming in close to the high end of its guidance range of $106 billion to $112 billion. By segment, sales in North America, international, and Amazon Web Services rose 10%, 16%, and 39%, respectively. EPS dropped 51% to $6.12. That result fell considerably short of the analyst consensus estimate of $8.92.</p><p><blockquote>作为背景，第三季度，亚马逊营收同比增长15%，达到1108亿美元，低于华尔街预期的1116亿美元，但接近其指导区间1060亿美元至1120亿美元的高端。按细分市场划分，北美、国际和亚马逊网络服务的销售额分别增长了10%、16%和39%。每股收益下降 51%，至 6.12 美元。这一结果远低于分析师普遍预期的 8.92 美元。</blockquote></p><p><b>AWS</b></p><p><blockquote><b>AWS</b></blockquote></p><p>Through the first nine months of 2021, Amazon's cloud segment, Amazon Web Services (AWS), generated $44.4 billion of revenue while operating at a 30% margin. For one point of comparison, Google Cloud contributed $13.7 billion of revenue for the first nine months of 2021 and is unprofitable, as it reported a loss of $2.2 billion.</p><p><blockquote>2021 年前 9 个月，亚马逊的云部门亚马逊网络服务 (AWS) 创造了 444 亿美元的收入，运营利润率为 30%。相比之下，谷歌云在 2021 年前 9 个月贡献了 137 亿美元的收入，但尚未盈利，因为它报告亏损 22 亿美元。</blockquote></p><p>What's even more staggering is the pace of AWS's growth. During Q3 2021, AWS generated $16.1 billion of revenue, which represented 39% year-over-year growth. Investors can see that the quarterly operating income of $4.9 billion for the AWS segment was more than Amazon's entire business combined. Amazon Web Services is arguably becoming the most important pillar of the company's ecosystem.</p><p><blockquote>更惊人的是AWS的增长速度。2021年第三季度，AWS创造了161亿美元的收入，同比增长39%。投资者可以看到，AWS 部门的季度经营利润为 49 亿美元，超过了亚马逊整个业务的总和。亚马逊网络服务可以说正在成为该公司生态系统最重要的支柱。</blockquote></p><p><b>Digital advertising</b></p><p><blockquote><b>数字广告</b></blockquote></p><p>Amazon has been able to reinvest the profits from its cloud business into other segments, as the company works to differentiate itself from other technology behemoths. One area that is quickly becoming an important crux of Amazon's business is digital advertising.</p><p><blockquote>亚马逊已经能够将其云业务的利润再投资到其他领域，因为该公司正在努力将自己与其他科技巨头区分开来。数字广告正在迅速成为亚马逊业务的一个重要症结。</blockquote></p><p>According to eMarketer, Amazon is expected to comprise 10.7% of the U.S. digital ad market in 2021 and grow to 12.8% by 2023. Although the uptick has been bolstered by increasing consumer reliance on digital shopping during the pandemic, one could argue that this theme will stick because Amazon's platform makes it more time-efficient and cost-effective for consumers to make purchases online versus going to a physical retail location.</p><p><blockquote>根据eMarketer的数据，亚马逊预计将在2021年占据美国数字广告市场的10.7%，到2023年将增长到12.8%。尽管疫情期间消费者对数字购物的依赖不断增加，推动了这一增长，但有人可能会说，这一主题将会持续下去，因为亚马逊的平台使消费者在网上购物比在实体零售店购物更省时、更具成本效益。</blockquote></p><p>The boom on the digital ad side of its business could serve as another lucrative catalyst for the company as it gains market share from Google and Meta Platforms. On the contrary, eMarketer predicts that Google's digital ad business in the U.S. is expected to decrease from 28.9% in 2020 to 26.6% in 2023.</p><p><blockquote>随着该公司从谷歌和 Meta 平台获得市场份额，其业务数字广告方面的繁荣可能成为该公司另一个有利可图的催化剂。相反，eMarketer预测，谷歌在美国的数字广告业务预计将从2020年的28.9%下降到2023年的26.6%。</blockquote></p><p></p><p>Amazon is well-positioned to benefit from enterprise investment in digital transformation. As the company gains market share over its competition, AWS's capital efficient margin profile will continue fueling additional growth drivers as the company looks to enter new industries.</p><p><blockquote>亚马逊处于有利地位，可以从数字化转型的企业投资中受益。随着公司在竞争对手中获得市场份额，随着公司寻求进入新行业，AWS 的资本有效利润率状况将继续推动额外的增长动力。</blockquote></p><p><b>Prime Membership</b></p><p><blockquote><b>优质会员资格</b></blockquote></p><p>Since the pandemic, Amazon has attracted about 30 million new members to its Prime membership program each year (in 2020 and 2021), according to estimates from Consumer Intelligence Research Partners, LLC (CIRP).</p><p><blockquote>根据消费者情报研究合作伙伴有限责任公司（CIRP）的估计，自疫情以来，亚马逊每年（2020年和2021年）吸引了约3000万新会员加入其Prime会员计划。</blockquote></p><p>Meanwhile, membership renewal rates continued to improve. “The renewal rate after one year hit 94%, while the rate after two years is an impressive 98%, which any other retailer or membership driven business would envy,” said CIRP’s other Partner and cofounder, Mike Levin.</p><p><blockquote>与此同时，会员续期率继续提高。“CIRP 的另一位合伙人兼联合创始人迈克-莱文（Mike Levin）说：”一年后的续订率达到了 94%，而两年后的续订率高达 98%，令人印象深刻，这是任何其他零售商或会员驱动型企业都会羡慕的。</blockquote></p><p>More information from the CIRP report: “As of December 2021, Amazon had 172 million US members. In each of 2020 and 2021, Amazon Prime added about 30 million members in the US. We attribute much of this increase to significantly greater online shopping during the COVID-19 pandemic. This served to accelerate Prime membership growth from slower rates in the previous few years.”</p><p><blockquote>更多信息来自 CIRP 报告： “截至 2021 年 12 月，亚马逊在美国拥有 1.72 亿会员。在 2020 年和 2021 年，亚马逊 Prime 在美国新增了约 3000 万会员。我们将这一增长的主要原因归功于 COVID-19 大流行期间网上购物的大幅增长。这加速了 Prime 会员的增长速度，而前几年的增长速度较慢。”</blockquote></p><p><b>Analysts see upside for the stock in 2022</b></p><p><blockquote><b>分析师认为该股在 2022 年有上涨空间</b></blockquote></p><p>Earlier this year, BofA analyst Justin Post named Amazon his favorite FAANG stock for 2022, seeing a positive outlook on e-commerce for the next three to five years and growth in Amazon Web Services cloud business.</p><p><blockquote>今年早些时候，美国银行分析师贾斯汀·波斯特 (Justin Post) 将亚马逊列为他 2022 年最喜欢的 FAANG 股票，认为未来三到五年电子商务前景乐观，亚马逊网络服务云业务也将增长。</blockquote></p><p>The stock has zero Sell ratings, three Holds, and 50 Buys or Overweights, according to analysts surveyed by FactSet.</p><p><blockquote>FactSet 调查的分析师表示，该股的卖出评级为零，持有评级为 3，买入或增持评级为 50。</blockquote></p><p>“Though our estimates come down, we believe lower expectations should help de-risk shares and AMZN will become a cleaner story to own through 2022,” J.P. Morgan analyst Doug Anmuth wrote in a research note.</p><p><blockquote>“摩根大通（J.P. Morgan）分析师道格-安穆斯（Doug Anmuth）在一份研究报告中写道：”虽然我们的预期有所下降，但我们相信较低的预期应该有助于降低股票风险，到 2022 年，亚马逊将成为一个更干净的股票。</blockquote></p><p>Although Amazon performed well amid a challenging holiday season, Anmuth lowered his first-quarter revenue estimate to $120.5 billion, and trimmed his yearly earnings per share guidance to $75.17, down from $79.47 due to elevated labor, operational, and inflationary costs.</p><p><blockquote>尽管亚马逊在充满挑战的假日季表现良好，但安穆斯将第一季度收入预期下调至 1,205 亿美元，并将年度每股收益指引从 79.47 美元下调至 75.17 美元，原因是劳动力、运营和通胀成本上升。</blockquote></p><p>Despite the near-term headwinds, Amazon remains J.P. Morgan’s overall top pick, with Anmuth reiterating his Overweight rating and $4,350 price target.</p><p><blockquote>尽管近期面临不利因素，但亚马逊仍然是摩根大通的总体首选，安穆斯重申了他的跑赢大盘评级和 4,350 美元的目标价。</blockquote></p><p>Revenue should begin to accelerate in the second quarter as costs ease back. Further gains could come as Amazon boosts sales in the grocery, apparel, accessories, and the furniture and appliances sectors, all while selectively increasing prices. Already, the company has raised fulfillment fees by 5%, a move that could add an additional $3 billion in 2022. Anmuth believes Amazon could also hike its Prime membership fees sometime this year.</p><p><blockquote>随着成本回落，收入应该会在第二季度开始加速增长。随着亚马逊提高杂货、服装、配饰以及家具和电器行业的销售，同时选择性地提高价格，亚马逊可能会进一步增长。该公司已经将履约费提高了 5%，此举可能会在 2022 年额外增加 30 亿美元。Anmuth 认为亚马逊也可能在今年某个时候提高 Prime 会员费。</blockquote></p><p>Amazon also has doubled its fulfillment network and increased its warehouse capacity. Now that the company is no longer space-constrained, it is free to meet elevated demand and invest heavily in marketing, Anmuth said.</p><p><blockquote>亚马逊还将其履行网络扩大了一倍，并增加了仓库容量。安穆斯说，现在公司不再受空间限制，可以自由地满足不断增长的需求，并在营销方面进行大量投资。</blockquote></p><p>Amazon had a tough 2021, gaining just 4% for the year while the S&P 500 rallied 30% —but analysts see upside for the stock in 2022.</p><p><blockquote>亚马逊 2021 年表现艰难，全年仅上涨 4%，而标普500则上涨 30%，但分析师认为该股在 2022 年仍有上涨空间。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182956358","content_text":"Amazon is slated to report its fourth-quarter and full-year 2021 results after the market close on Thursday, Feb. 3. An analyst conference call is scheduled for the same day at 5:30 p.m. ET.The period to be reported on is the second quarter that Andy Jassy has been CEO of the e-commerce and technology giant.Investors will probably be approaching Amazon's report with some apprehension. Last quarter, the company missed Wall Street's expectations for both revenue and earnings, with the bottom-line miss a sizable one. That was the second consecutive quarter that revenue fell short of the analyst consensus estimate.Here's what to watch in Amazon's upcoming report.Amazon's key quarterly numbersDATA SOURCES: AMAZON.COM AND YAHOO! FINANCE. NOTE: AMAZON DOES NOT PROVIDE EARNINGS GUIDANCE.While Amazon doesn't provide guidance for earnings, it does so for operating income. Management expects fourth-quarter operating income to range from $0 to $3 billion, compared with $6.9 billion in the year-ago period. This guidance range represents operating income declining by about 100% to 57% year over year.The world's e-commerce leader faced tough year-over-year comparables in the fourth quarter. In the year-ago period, revenue surged 44% and earnings per share soared 118% year over year. The fourth quarter of 2020 was particularly strong for two main reasons. First, the pandemic was raging and vaccines had only begun to roll out at the very tail end of the quarter/year. Second, Amazon held its annual Prime Day event in the fourth quarter of 2020 (October), whereas in 2021, this event took place in the second quarter (June).In last quarter's earnings release, Jassy provided another reason -- increased costs -- that the company's bottom-line results are expected to decline significantly from the year-ago period:In the fourth quarter, we expect to incur several billion dollars of additional costs in our consumer business as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs -- all while doing whatever it takes to minimize the impact on customers and selling partners this holiday season. It'll be expensive for us in the short term, but it's the right prioritization for our customers and partners.For context, in the third quarter, Amazon's revenue increased 15% year over year to $110.8 billion, missing the $111.6 billion the Street had expected, but coming in close to the high end of its guidance range of $106 billion to $112 billion. By segment, sales in North America, international, and Amazon Web Services rose 10%, 16%, and 39%, respectively. EPS dropped 51% to $6.12. That result fell considerably short of the analyst consensus estimate of $8.92.AWSThrough the first nine months of 2021, Amazon's cloud segment, Amazon Web Services (AWS), generated $44.4 billion of revenue while operating at a 30% margin. For one point of comparison, Google Cloud contributed $13.7 billion of revenue for the first nine months of 2021 and is unprofitable, as it reported a loss of $2.2 billion.What's even more staggering is the pace of AWS's growth. During Q3 2021, AWS generated $16.1 billion of revenue, which represented 39% year-over-year growth. Investors can see that the quarterly operating income of $4.9 billion for the AWS segment was more than Amazon's entire business combined. Amazon Web Services is arguably becoming the most important pillar of the company's ecosystem.Digital advertisingAmazon has been able to reinvest the profits from its cloud business into other segments, as the company works to differentiate itself from other technology behemoths. One area that is quickly becoming an important crux of Amazon's business is digital advertising.According to eMarketer, Amazon is expected to comprise 10.7% of the U.S. digital ad market in 2021 and grow to 12.8% by 2023. Although the uptick has been bolstered by increasing consumer reliance on digital shopping during the pandemic, one could argue that this theme will stick because Amazon's platform makes it more time-efficient and cost-effective for consumers to make purchases online versus going to a physical retail location.The boom on the digital ad side of its business could serve as another lucrative catalyst for the company as it gains market share from Google and Meta Platforms. On the contrary, eMarketer predicts that Google's digital ad business in the U.S. is expected to decrease from 28.9% in 2020 to 26.6% in 2023.Amazon is well-positioned to benefit from enterprise investment in digital transformation. As the company gains market share over its competition, AWS's capital efficient margin profile will continue fueling additional growth drivers as the company looks to enter new industries.Prime MembershipSince the pandemic, Amazon has attracted about 30 million new members to its Prime membership program each year (in 2020 and 2021), according to estimates from Consumer Intelligence Research Partners, LLC (CIRP).Meanwhile, membership renewal rates continued to improve. “The renewal rate after one year hit 94%, while the rate after two years is an impressive 98%, which any other retailer or membership driven business would envy,” said CIRP’s other Partner and cofounder, Mike Levin.More information from the CIRP report: “As of December 2021, Amazon had 172 million US members. In each of 2020 and 2021, Amazon Prime added about 30 million members in the US. We attribute much of this increase to significantly greater online shopping during the COVID-19 pandemic. This served to accelerate Prime membership growth from slower rates in the previous few years.”Analysts see upside for the stock in 2022Earlier this year, BofA analyst Justin Post named Amazon his favorite FAANG stock for 2022, seeing a positive outlook on e-commerce for the next three to five years and growth in Amazon Web Services cloud business.The stock has zero Sell ratings, three Holds, and 50 Buys or Overweights, according to analysts surveyed by FactSet.“Though our estimates come down, we believe lower expectations should help de-risk shares and AMZN will become a cleaner story to own through 2022,” J.P. Morgan analyst Doug Anmuth wrote in a research note.Although Amazon performed well amid a challenging holiday season, Anmuth lowered his first-quarter revenue estimate to $120.5 billion, and trimmed his yearly earnings per share guidance to $75.17, down from $79.47 due to elevated labor, operational, and inflationary costs.Despite the near-term headwinds, Amazon remains J.P. Morgan’s overall top pick, with Anmuth reiterating his Overweight rating and $4,350 price target.Revenue should begin to accelerate in the second quarter as costs ease back. Further gains could come as Amazon boosts sales in the grocery, apparel, accessories, and the furniture and appliances sectors, all while selectively increasing prices. Already, the company has raised fulfillment fees by 5%, a move that could add an additional $3 billion in 2022. Anmuth believes Amazon could also hike its Prime membership fees sometime this year.Amazon also has doubled its fulfillment network and increased its warehouse capacity. Now that the company is no longer space-constrained, it is free to meet elevated demand and invest heavily in marketing, Anmuth said.Amazon had a tough 2021, gaining just 4% for the year while the S&P 500 rallied 30% —but analysts see upside for the stock in 2022.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":3076,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/639079382"}
精彩评论