{"id":66112,"date":"2023-01-31T09:03:17","date_gmt":"2023-01-31T14:03:17","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66112"},"modified":"2023-01-31T14:59:03","modified_gmt":"2023-01-31T19:59:03","slug":"coffee-with-greta-earnings-ramp-up","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/01\/31\/coffee-with-greta-earnings-ramp-up\/","title":{"rendered":"Coffee With Greta: Earnings Ramp Up"},"content":{"rendered":"

DJIA Futures: <\/b>+75 (+0.2%)<\/span><\/p>\n

SPX Futures: <\/b>+11 (+0.3%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+31 (+0.3%)<\/span><\/p>\n

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

Futures are rising as traders digest the latest batch of Q4 earnings and the Fed meeting is set to begin today.<\/span><\/p>\n

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

General Motors Rallies After Smashing Q4 Expectations<\/span><\/h2>\n

General Motors <\/b>(GM) are jumping 4.7% ahead of the open after sharply beating Q4 expectations.\u00a0<\/span><\/p>\n

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

    \n
  • Adjusted EPS: $2.12 vs $1.69 expected<\/span><\/li>\n
  • Revenue: $43.11 billion vs $40.65 billion expected<\/span><\/li>\n<\/ul>\n

    GM\u2019s full-year revenue came in at $156.7 billion with adjusted earnings before interest and tax hitting a record $14.5 billion.\u00a0<\/span><\/p>\n

    But profit margins are shrinking, the company\u2019s adjusted profit margin fell to 9.2% in 2022, down 2.1% from the previous year.<\/span><\/p>\n

    GM forecast 2023 adjusted EPS will be between $6 and $7.\u00a0<\/span><\/p>\n

    Although that would be lower than 2022, the outlook was above analysts\u2019 expectations for adjusted EPS of $5.73 this year.<\/span><\/p>\n

    Exxon Slips On Weak Q4 Revenue<\/span><\/h2>\n

    Exxon Mobil <\/b>(XOM) shares are slipping 0.8% in premarket trade after reporting mixed Q4 results.\u00a0<\/span><\/p>\n

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

      \n
    • Adjusted EPS: $3.40 vs $3.29 expected<\/span><\/li>\n
    • Revenue: $95.43 billion vs $97.3 billion expected<\/span><\/li>\n<\/ul>\n

      The company raked in a record $56 billion profit for all of 2022.\u00a0<\/span><\/p>\n

      But analysts expect Exxon\u2019s profit may have already peaked, forecasting EPS will not be higher than $3 in any quarter this year or next.\u00a0<\/span><\/p>\n

      Pfizer Falls On Downbeat Guidance<\/span><\/h2>\n

      Pfizer <\/b>(PFE) shares are falling 2.8% ahead of the open as weak guidance overshadows a Q4 earnings beat.\u00a0<\/span><\/p>\n

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

        \n
      • Adjusted EPS: $1.14 vs $1.05 expected<\/span><\/li>\n
      • Revenue: $24.3 billion vs $24.28 billion expected<\/span><\/li>\n<\/ul>\n

        The company brought in a record $100.3 billion profit in 2022, driven by more than $50 billion in Covid vaccine and antiviral sales.\u00a0<\/span><\/p>\n

        But Pfizer expects sales to fall sharply this year.\u00a0<\/span><\/p>\n

        The company forecast revenue will decline up to 33% year over year as Covid vaccine sales slow.\u00a0<\/span><\/p>\n

        Pfizer forecast 2023 EPS of $3.25 to $3.45, down by as much as 50% from the record $6.58 last year.\u00a0<\/span><\/p>\n

        McDonald\u2019s Drops Despite Q4 Earnings Beat<\/span><\/h2>\n

        McDonald\u2019s <\/b>(MCD) shares are falling 1.8% in premarket trade despite beating Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

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

          \n
        • EPS: $2.59 vs $2.45 expected<\/span><\/li>\n
        • Revenue: $5.93 billion vs $5.68 billion expected<\/span><\/li>\n<\/ul>\n

          McDonald\u2019s same-store sales in the U.S. jumped 10.3% beating estimates of 8.1%, as demand jumped and customers paid higher prices.<\/span><\/p>\n

          But the CEO warned the company is expecting short-term inflation pressures to continue in 2023.\u00a0<\/span><\/p>\n

          The company expects to open 1,900 new restaurants globally this year, including more than 400 in the U.S.\u00a0<\/span><\/p>\n

          UPS Jumps On Q4 Earnings Beat<\/span><\/h2>\n

          UPS <\/b>(UPS) shares are rising 1.9% ahead of the open after beating Q4 profit expectations.\u00a0<\/span><\/p>\n

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

            \n
          • Adjusted EPS: $3.62 vs $3.59 expected<\/span><\/li>\n
          • Revenue: $27.03 billion vs $28.09 billion expected<\/span><\/li>\n<\/ul>\n

            Even as shipping volumes have decreased and costs rise, UPS has benefited from elevated prices.\u00a0<\/span><\/p>\n

            The company raised shipping rates by 6.9% at the end of 2022.\u00a0<\/span><\/p>\n

            But UPS offered full-year 2023 guidance that was below analysts\u2019 estimates.\u00a0<\/span><\/p>\n

            The company expects between $97 billion and $99.4 billion in revenue this year vs analysts\u2019 expectations of $99.98 billion.\u00a0<\/span><\/p>\n

            Consumer Confidence Expected To Rise<\/span><\/h2>\n

            The Conference Board releases its January consumer confidence index at 10:00 a.m. ET.\u00a0<\/span><\/p>\n

            That survey is expected to rise to 109.5 from 108.4 in December.\u00a0<\/span><\/p>\n

            Last month\u2019s figure was the highest since April 2022 as inflation has started to cool.<\/span><\/p>\n

            But consumers are still expecting a recession to hit the U.S. economy in the months ahead.<\/span><\/p>\n

            Key Earnings After The Close<\/span><\/h2>\n

            Here\u2019s a look at the companies set to report earnings after the close today:<\/span><\/b><\/p>\n

              \n
            • Advanced Micro Devices <\/b>(AMD)<\/span><\/li>\n
            • Snap <\/b>(SNAP)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

              DJIA Futures: +75 (+0.2%) SPX Futures: +11 (+0.3%) NASDAQ Futures: +31 (+0.3%) Good morning friends! Futures are rising as traders digest the latest batch of Q4 earnings and the Fed meeting is set to begin today. Let\u2019s get right to it! General Motors Rallies After Smashing Q4 Expectations General Motors (GM) are jumping 4.7% ahead of the open after sharply beating Q4 expectations.\u00a0 Here\u2019s how the automaker\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $2.12 vs $1.69 expected Revenue: $43.11 billion vs $40.65 billion expected GM\u2019s full-year revenue came in at $156.7 billion with adjusted earnings before interest and tax hitting a record $14.5 billion.\u00a0 But profit margins are shrinking, the company\u2019s adjusted profit margin fell to 9.2% in 2022, down 2.1% from the previous year. GM forecast 2023 adjusted EPS will be between $6 and $7.\u00a0 Although that would be lower than 2022, the outlook was above analysts\u2019 expectations for adjusted EPS of $5.73 this year. Exxon Slips On Weak Q4 Revenue Exxon Mobil (XOM) shares are slipping 0.8% in premarket trade after reporting mixed Q4 results.\u00a0 Here\u2019s how the oil giant\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted EPS: $3.40 vs $3.29 expected Revenue: $95.43 billion vs $97.3 billion expected The company raked in a record $56 billion profit for all of 2022.\u00a0 But analysts expect Exxon\u2019s profit may have already peaked, forecasting EPS will not be higher than $3 in any quarter this year or next.\u00a0 Pfizer Falls On Downbeat Guidance Pfizer (PFE) shares are falling 2.8% ahead of the open as weak guidance overshadows a Q4 earnings beat.\u00a0 Here\u2019s how the pharmaceutical giant\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted EPS: $1.14 vs $1.05 expected Revenue: $24.3 billion vs $24.28 billion expected The company brought in a record $100.3 billion profit in 2022, driven by more than $50 billion in Covid vaccine and antiviral sales.\u00a0 But Pfizer expects sales to fall sharply this year.\u00a0 The company forecast revenue will decline up to 33% year over year as Covid vaccine sales slow.\u00a0 Pfizer forecast 2023 EPS of $3.25 to $3.45, down by as much as 50% from the record $6.58 last year.\u00a0 McDonald\u2019s Drops Despite Q4 Earnings Beat McDonald\u2019s (MCD) shares are falling 1.8% in premarket trade despite beating Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the fast food giant\u2019s results compared to analysts\u2019 expectations:\u00a0 EPS: $2.59 vs $2.45 expected Revenue: $5.93 billion vs $5.68 billion expected McDonald\u2019s same-store sales in the U.S. jumped 10.3% beating estimates of 8.1%, as demand jumped and customers paid higher prices. But the CEO warned the company is expecting short-term inflation pressures to continue in 2023.\u00a0 The company expects to open 1,900 new restaurants globally this year, including more than 400 in the U.S.\u00a0 UPS Jumps On Q4 Earnings Beat UPS (UPS) shares are rising 1.9% ahead of the open after beating Q4 profit expectations.\u00a0 Here\u2019s how the shipping giant\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $3.62 vs $3.59 expected Revenue: $27.03 billion vs $28.09 billion expected Even as shipping volumes have decreased and costs rise, UPS has benefited from elevated prices.\u00a0 The company raised shipping rates by 6.9% at the end of 2022.\u00a0 But UPS offered full-year 2023 guidance that was below analysts\u2019 estimates.\u00a0 The company expects between $97 billion and $99.4 billion in revenue this year vs analysts\u2019 expectations of $99.98 billion.\u00a0 Consumer Confidence Expected To Rise The Conference Board releases its January consumer confidence index at 10:00 a.m. ET.\u00a0 That survey is expected to rise to 109.5 from 108.4 in December.\u00a0 Last month\u2019s figure was the highest since April 2022 as inflation has started to cool. But consumers are still expecting a recession to hit the U.S. economy in the months ahead. Key Earnings After The Close Here\u2019s a look at the companies set to report earnings after the close today: Advanced Micro Devices (AMD) Snap (SNAP)<\/p>\n","protected":false},"author":41,"featured_media":66117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-66112","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\/66112","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=66112"}],"version-history":[{"count":4,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66112\/revisions"}],"predecessor-version":[{"id":66122,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/66112\/revisions\/66122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/66117"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=66112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=66112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=66112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}