Why This Number in Moderna's Earnings Report Isn't as Bad as It Looks

Motley Fool2021-11-06

Vaccine giant Moderna (NASDAQ:MRNA) had been spoiling us. We'd gotten used to quarter after quarter of excellent news. And then, in the third-quarter earnings report this week, Moderna cut its 2021 ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Tjl999
2021-11-08
Tjl999
Yes of cos
我是小狗
2021-11-08
我是小狗
Like
Cvt
2021-11-08
Cvt
Good to read
HarryLim
2021-11-08
HarryLim
Ok
- Calculator88:
  Like
andrewshum
2021-11-08
andrewshum
Like
- GeorgeOr:
  done
- IvanOon:
  Done
SPOT_ON
2021-11-08
SPOT_ON
Like n follow
- SPOT_ON:
  👍 👌 💛 😙 🥰
- WWTan:
  ok

发表看法

101

1383

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2181742244?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-11-06 20:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2181742244","market":"us","top_or_hot":-1,"title":"Why This Number in Moderna's Earnings Report Isn't as Bad as It Looks","media":"Motley Fool","content":"<div>\n<p>Vaccine giant Moderna (NASDAQ:MRNA) had been spoiling us. We'd gotten used to quarter after quarter of excellent news. And then, in the third-quarter earnings report this week, Moderna cut its 2021 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/06/why-this-number-in-modernas-earnings-isnt-bad/\">网页链接</a>\n\n</div>\n","source":"fool_stock","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>Why This Number in Moderna's Earnings Report Isn't as Bad as It Looks</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nWhy This Number in Moderna's Earnings Report Isn't as Bad as It Looks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-06 20:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/11/06/why-this-number-in-modernas-earnings-isnt-bad/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vaccine giant Moderna (NASDAQ:MRNA) had been spoiling us. We'd gotten used to quarter after quarter of excellent news. And then, in the third-quarter earnings report this week, Moderna cut its 2021 ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/11/06/why-this-number-in-modernas-earnings-isnt-bad/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MRNA","symbol_name":"Moderna, Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2021/11/06/why-this-number-in-modernas-earnings-isnt-bad/","article_id":"2181742244","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2181742244","pubTimestamp":1636200360,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"It's all about timing.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MRNA":"Moderna, Inc."},"translate_title":"为什么莫德纳收益报告中的这个数字没有看起来那么糟糕","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MRNA":0.9},"content_text":"Vaccine giant Moderna (NASDAQ:MRNA) had been spoiling us. We'd gotten used to quarter after quarter of excellent news. And then, in the third-quarter earnings report this week, Moderna cut its 2021 vaccine revenue forecast. Moderna said it now predicts $15 billion to $18 billion in coronavirus vaccine revenue this year. That means revenue may be as much as $5 billion lower than expected.\nAs a result, the shares sank 32% in two trading sessions. All of this sounds pretty grim. But, in fact, the situation isn't as bad as it looks. The $5 billion in revenue actually isn't lost. Let's take a closer look at why the market reaction was overdone -- and why the future still looks bright for this biotech company.\nThe earlier forecast\nFirst, a little background. In Moderna's previous earnings report, the company forecast $20 billion in coronavirus vaccine sales for 2021. This is according to advance purchase agreements with various governments -- and the company's ability to deliver those particular orders this year.\nFast forward to this week's earnings report. As mentioned above, Moderna predicted a lower number. But that isn't because Moderna lost orders or sales. The biotech still will bring in the full $20 billion. But part of it will come in a bit later. There are two reasons for this.\nFirst, Moderna is deferring the delivery of some vaccine doses to higher-income countries to early 2022. It's doing this so that it can prioritize doses to lower- and middle-income countries. And these countries pay lower prices. By delivering doses to the African Union and the COVAX initiative for equitable vaccine distribution instead of countries that pay more, Moderna will generate lower revenue in the coming weeks.\nSecond, Moderna is shipping more doses internationally than it did earlier in the year. International shipping adds more time to the whole process of getting doses from factories to people's arms. Moderna expects to speed up the process once delivery to certain countries becomes routine. In the meantime, shipping abroad is slowing things down. And that means some deliveries meant for the fourth quarter instead will arrive in early 2022. As a result, Moderna will record sales from those orders in 2022 instead of 2021.\nWhat does this mean for investors?\nRight now, it's more important than ever to look at Moderna through a long-term lens. From quarter to quarter, vaccine deliveries -- and revenue -- may ebb and flow. And as we see here, this sort of movement has nothing to do with overall demand for the vaccine. In many cases, logistics can determine whether a delivery arrives in one quarter or the next.\nInstead, we should look at the level of advance purchase orders for the coming year -- and how Moderna plans to evolve its coronavirus vaccine program in a post-pandemic world. Right now, Moderna has signed $17 billion in advance purchase agreements. These involve upfront payments so they are pretty secure. Moderna also has options for about $3 billion. That puts next year at about the same level as this year.\nBeyond that point, it's too early to predict exactly how much coronavirus vaccine or booster revenue will represent for Moderna. But it could remain significant. Experts say the coronavirus is here to stay. That means countries will need to stock up on vaccines or boosters for at least part of their populations. And Moderna is moving forward with exciting projects for a post-pandemic world. I'm thinking of its strain-specific booster candidates and a combined flu/coronavirus/allergies candidate.\nSo, Moderna's change in this year's revenue guidance doesn't change my long-term outlook for the company. Instead, I see it as a reminder not to panic -- and to focus on the big picture over time.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":845699872,"gmtCreate":1636332873426,"gmtModify":1636332874872,"author":{"id":"3560895293006674","authorId":"3560895293006674","name":"Tjl999","avatar":"https://static.tigerbbs.com/ca439ed94516f3e0bb7a4e740cb06daf","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3560895293006674","authorIdStr":"3560895293006674"},"htmlText":"Yes of cos","listText":"Yes of cos","text":"Yes of cos","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845699872","repostId":2181742244,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":845828149,"gmtCreate":1636329857518,"gmtModify":1636329857632,"author":{"id":"4098105138332610","authorId":"4098105138332610","name":"我是小狗","avatar":"https://static.tigerbbs.com/2aa69d1b056a582816c5849b976932ef","vip":1,"hat":"https://static.tigerbbs.com/d30fc324d24ff33075e053005564f0df","crmLevel":6,"crmLevelSwitch":0,"idStr":"4098105138332610","authorIdStr":"4098105138332610"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845828149","repostId":2181742244,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":845817698,"gmtCreate":1636328263820,"gmtModify":1636328264538,"author":{"id":"3579235597126488","authorId":"3579235597126488","name":"Cvt","avatar":"https://static.tigerbbs.com/c8fda02901ec7a98b51fe8e84d016ab2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579235597126488","authorIdStr":"3579235597126488"},"htmlText":"Good to read","listText":"Good to read","text":"Good to read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845817698","repostId":2181742244,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":845819516,"gmtCreate":1636327954358,"gmtModify":1636327954479,"author":{"id":"4095287178439420","authorId":"4095287178439420","name":"HarryLim","avatar":"https://static.tigerbbs.com/bdf7e7d6fbd7dfabcf77d2f9c7410d67","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"4095287178439420","authorIdStr":"4095287178439420"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/845819516","repostId":2181742244,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6491418,"gmtCreate":1636328369055,"gmtModify":1636328369156,"authorId":3583354852168828,"author":{"id":3583354852168828,"idStr":"3583354852168828","authorId":3583354852168828,"name":"Calculator88","avatar":"https://static.tigerbbs.com/5a2c4088dca8986e0e57d7f1f47c11bc","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845819516,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"}],"langContent":"CN"},{"id":845839982,"gmtCreate":1636327208757,"gmtModify":1636327209003,"author":{"id":"3582600581738317","authorId":"3582600581738317","name":"andrewshum","avatar":"https://static.tigerbbs.com/3a4a9224853eb7bf5293363b761f6ba1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582600581738317","authorIdStr":"3582600581738317"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/845839982","repostId":2181742244,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6491351,"gmtCreate":1636328140182,"gmtModify":1636328140214,"authorId":3570922030489337,"author":{"id":3570922030489337,"idStr":"3570922030489337","authorId":3570922030489337,"name":"GeorgeOr","avatar":"https://static.tigerbbs.com/590cc7dd964e0cf6e057302728902b7b","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845839982,"type":1,"supId":6491320,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"},{"id":6491320,"gmtCreate":1636328024778,"gmtModify":1636328024807,"authorId":3569354683318638,"author":{"id":3569354683318638,"idStr":"3569354683318638","authorId":3569354683318638,"name":"IvanOon","avatar":"https://static.tigerbbs.com/7e332af04c99b1ae0ca2131246646a93","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845839982,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"CN"},{"id":845896086,"gmtCreate":1636326761654,"gmtModify":1636326769861,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582922989777578","authorIdStr":"3582922989777578"},"htmlText":"Like n follow&nbsp;","listText":"Like n follow&nbsp;","text":"Like n follow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/845896086","repostId":2181742244,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6491100,"gmtCreate":1636327512728,"gmtModify":1636327512825,"authorId":3582922989777578,"author":{"id":3582922989777578,"idStr":"3582922989777578","authorId":3582922989777578,"name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845896086,"type":1,"supId":6490996,"prevId":0,"content":"👍 👌 💛 😙 🥰","text":"👍 👌 💛 😙 🥰","html":"👍 👌 💛 😙 🥰"},{"id":6490996,"gmtCreate":1636327108375,"gmtModify":1636327108407,"authorId":3581679936650072,"author":{"id":3581679936650072,"idStr":"3581679936650072","authorId":3581679936650072,"name":"WWTan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":845896086,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1383,"commentSize":101,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2181742244"}