{"id":65986,"date":"2023-01-24T09:03:10","date_gmt":"2023-01-24T14:03:10","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=65986"},"modified":"2023-01-24T09:11:08","modified_gmt":"2023-01-24T14:11:08","slug":"coffee-with-greta-traders-focus-on-guidance-in-earnings","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/01\/24\/coffee-with-greta-traders-focus-on-guidance-in-earnings\/","title":{"rendered":"Coffee With Greta: Traders Focus On Guidance In Earnings"},"content":{"rendered":"

DJIA Futures: <\/b>-150 (-0.4%)<\/span><\/p>\n

SPX Futures: <\/b>-20 (-0.5%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-86 (-0.7%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are falling as traders digest new Q4 earnings.\u00a0<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

3M Drops After Earnings Miss, Weak Outlook<\/span><\/h2>\n

3M <\/b>(MMM) shares are down 4.5% ahead of the open after the company missed Q4 expectations and issued weak guidance.\u00a0<\/span><\/p>\n

Here\u2019s how the manufacturing giant\u2019s results compared to analysts\u2019 expectations:\u00a0<\/span><\/p>\n

    \n
  • Adjusted EPS: $2.28 vs $2.36 expected<\/span><\/li>\n
  • Revenue: $8.1 billion as expected<\/span><\/li>\n<\/ul>\n

    For the full year, 3M earned $10.10 per share in 2022.\u00a0<\/span><\/p>\n

    But the company expects profits to fall this year.<\/span><\/p>\n

    3M forecast 2023 earnings will be between $8.50 and $9 per share vs analysts\u2019 expectations of $10.20.\u00a0<\/span><\/p>\n

    Sales are expected to fall between 2% and 6% compared to last year as consumer electronics demand is down \u201csignificantly\u201d.\u00a0<\/span><\/p>\n

    The company also cited \u201cnear-term weakness in consumer discretionary spending.\u201d<\/span><\/p>\n

    3M also announced plans to cut about 2,500 manufacturing jobs around the world as the company prepares for those challenges.\u00a0<\/span><\/p>\n

    Johnson & Johnson Slips Despite Earnings Beat<\/span><\/h2>\n

    Johnson & Johnson <\/b>(JNJ) shares are falling 1.1% in premarket trade despite reporting better-than-expected Q4 results and issuing strong guidance.\u00a0<\/span><\/p>\n

    Here\u2019s how the pharmaceutical giant\u2019s results compared to analysts\u2019 expectations:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $2.35 vs $2.23 expected<\/span><\/li>\n
    • Revenue: $23.71 billion vs $23.896 billion expected<\/span><\/li>\n<\/ul>\n

      Revenue fell 4.4% year over year while unadjusted profits were down 25.7%.\u00a0<\/span><\/p>\n

      Johnson & Johnson forecast full-year 2023 EPS between $10.45 to $10.65 vs $10.33 expected.<\/span><\/p>\n

      General Electric Earnings Beat, Outlook Falls Short<\/span><\/h2>\n

      General Electric <\/b>(GE) shares are down 0.4% ahead of the open after beating Q4 earnings expectations but issuing weak guidance.\u00a0<\/span><\/p>\n

      Here\u2019s how the company\u2019s results compared to analysts\u2019 expectations:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $1.24 vs $1.15 expected<\/span><\/li>\n
      • Revenue: $21.79 billion vs $21.25 billion expected<\/span><\/li>\n
      • Free cash flow: $4.3 billion vs $3.98 billion expected<\/span><\/li>\n<\/ul>\n

        Total revenue jumped 7% year over year.\u00a0<\/span><\/p>\n

        That growth was largely driven by GE\u2019s aerospace division which saw revenue rise 25.7%, power revenue rose 26.4%, renewable energy revenue increased 3.7%, and healthcare revenue slipped 0.4%.\u00a0<\/span><\/p>\n

        The company forecast 2023 adjusted EPS between $1.60 and $2.00 vs analysts\u2019 expectations of $2.37.\u00a0<\/span><\/p>\n

        Verizon Falls On Disappointing Outlook<\/span><\/h2>\n

        Verizon <\/b>(VZ) shares are falling 2.3% ahead of the open after its 2023 outlook disappointed.\u00a0<\/span><\/p>\n

        Here\u2019s how the cell phone giant\u2019s Q4 results compared to analysts\u2019 expectations:\u00a0<\/span><\/p>\n

          \n
        • EPS: $1.19 as expected<\/span><\/li>\n
        • Revenue: $35.3 billion vs $35.1 billion expected<\/span><\/li>\n<\/ul>\n

          Verizon added 41,000 new monthly wireless subscribers last quarter after losing 189,000 in Q3 and 215,000 in Q2.\u00a0<\/span><\/p>\n

          The company also added 416,000 broadband users in Q4, up from 377,000 in Q3 and is best performance in more than a decade.\u00a0<\/span><\/p>\n

          Verizon forecast full-year 2023 adjusted EPS of $4.55 to $4.85 vs $4.96 expected.\u00a0<\/span><\/p>\n

          In Case You Missed It<\/span><\/h2>\n
            \n
          • The Conference Board\u2019s leading economic indicators index fell more than expected in December. The index slumped 1% vs economists\u2019 expectations for a 0.7% decline. That drop was due to a softening labor market, a slowdown in manufacturing activity, and fewer homes being built. The continued decline in LEI signals a recession is likely in the near term.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

            DJIA Futures: -150 (-0.4%) SPX Futures: -20 (-0.5%) NASDAQ Futures: -86 (-0.7%) Good morning friends! Futures are falling as traders digest new Q4 earnings.\u00a0 Let\u2019s get right to it! 3M Drops After Earnings Miss, Weak Outlook 3M (MMM) shares are down 4.5% ahead of the open after the company missed Q4 expectations and issued weak guidance.\u00a0 Here\u2019s how the manufacturing giant\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted EPS: $2.28 vs $2.36 expected Revenue: $8.1 billion as expected For the full year, 3M earned $10.10 per share in 2022.\u00a0 But the company expects profits to fall this year. 3M forecast 2023 earnings will be between $8.50 and $9 per share vs analysts\u2019 expectations of $10.20.\u00a0 Sales are expected to fall between 2% and 6% compared to last year as consumer electronics demand is down \u201csignificantly\u201d.\u00a0 The company also cited \u201cnear-term weakness in consumer discretionary spending.\u201d 3M also announced plans to cut about 2,500 manufacturing jobs around the world as the company prepares for those challenges.\u00a0 Johnson & Johnson Slips Despite Earnings Beat Johnson & Johnson (JNJ) shares are falling 1.1% in premarket trade despite reporting better-than-expected Q4 results and issuing strong guidance.\u00a0 Here\u2019s how the pharmaceutical giant\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted EPS: $2.35 vs $2.23 expected Revenue: $23.71 billion vs $23.896 billion expected Revenue fell 4.4% year over year while unadjusted profits were down 25.7%.\u00a0 Johnson & Johnson forecast full-year 2023 EPS between $10.45 to $10.65 vs $10.33 expected. General Electric Earnings Beat, Outlook Falls Short General Electric (GE) shares are down 0.4% ahead of the open after beating Q4 earnings expectations but issuing weak guidance.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted EPS: $1.24 vs $1.15 expected Revenue: $21.79 billion vs $21.25 billion expected Free cash flow: $4.3 billion vs $3.98 billion expected Total revenue jumped 7% year over year.\u00a0 That growth was largely driven by GE\u2019s aerospace division which saw revenue rise 25.7%, power revenue rose 26.4%, renewable energy revenue increased 3.7%, and healthcare revenue slipped 0.4%.\u00a0 The company forecast 2023 adjusted EPS between $1.60 and $2.00 vs analysts\u2019 expectations of $2.37.\u00a0 Verizon Falls On Disappointing Outlook Verizon (VZ) shares are falling 2.3% ahead of the open after its 2023 outlook disappointed.\u00a0 Here\u2019s how the cell phone giant\u2019s Q4 results compared to analysts\u2019 expectations:\u00a0 EPS: $1.19 as expected Revenue: $35.3 billion vs $35.1 billion expected Verizon added 41,000 new monthly wireless subscribers last quarter after losing 189,000 in Q3 and 215,000 in Q2.\u00a0 The company also added 416,000 broadband users in Q4, up from 377,000 in Q3 and is best performance in more than a decade.\u00a0 Verizon forecast full-year 2023 adjusted EPS of $4.55 to $4.85 vs $4.96 expected.\u00a0 In Case You Missed It The Conference Board\u2019s leading economic indicators index fell more than expected in December. The index slumped 1% vs economists\u2019 expectations for a 0.7% decline. That drop was due to a softening labor market, a slowdown in manufacturing activity, and fewer homes being built. The continued decline in LEI signals a recession is likely in the near term.<\/p>\n","protected":false},"author":41,"featured_media":65992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-65986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=65986"}],"version-history":[{"count":5,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65986\/revisions"}],"predecessor-version":[{"id":65997,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65986\/revisions\/65997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/65992"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=65986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=65986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=65986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}