{"id":73827,"date":"2024-02-27T09:16:39","date_gmt":"2024-02-27T14:16:39","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73827"},"modified":"2024-02-27T09:16:39","modified_gmt":"2024-02-27T14:16:39","slug":"coffee-with-greta-earnings-continue-2","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/02\/27\/coffee-with-greta-earnings-continue-2\/","title":{"rendered":"Coffee With Greta: Earnings Continue"},"content":{"rendered":"

DJIA Futures: <\/b>-27 (-0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+6 (+0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>+49 (+0.3%)<\/span><\/p>\n

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

Futures are mixed as traders digest the latest batch of earnings and look ahead to key data.<\/span><\/p>\n

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

Lowe\u2019s Falls On Outlook<\/span><\/h2>\n

Lowe\u2019s <\/b>(LOW) shares are down 1.1% ahead of the open after beating Q4 expectations but issuing guidance for revenue to fall.\u00a0<\/span><\/p>\n

Here\u2019s how the home improvement retailer\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

    \n
  • EPS: $1.77 vs $1.68 expected<\/span><\/li>\n
  • Revenue: $18.60 billion vs $18.45 billion expected<\/span><\/li>\n<\/ul>\n

    Comparable sales dropped 6.2% year over year as DIY demand fell and poor weather in January impacted sales.\u00a0<\/span><\/p>\n

    Lowe\u2019s forecast revenue between $84 billion and $85 billion in fiscal 2024, down from $86.38 billion last year.\u00a0<\/span><\/p>\n

    The company expects comparable sales to decline between 2% and 3% this year and EPS of $12 to $12.30.<\/span><\/p>\n

    Macy\u2019s Falls On Weak Q4<\/span><\/h2>\n

    Macy\u2019s <\/b>(M) shares are sliding 2.2% in premarket trade after reporting mixed Q4 results.\u00a0<\/span><\/p>\n

    Here\u2019s how the department store chain\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

      \n
    • Adjusted EPS: $2.45 vs $1.96 expected<\/span><\/li>\n
    • Revenue: $8.12 billion vs $8.15 billion expected<\/span><\/li>\n<\/ul>\n

      Sales fell nearly 2% from a year ago during the quarter.\u00a0<\/span><\/p>\n

      Macy\u2019s said it expects sales to remain stagnant this year, forecasting revenue between $22.2 billion and $22.9 billion this fiscal year vs $23.09 billion last year.\u00a0<\/span><\/p>\n

      The company said it expects comparable sales to range between a 1.5% decline and 1.5% gain year over year.\u00a0<\/span><\/p>\n

      As part of its strategy to return to growth, Macy\u2019s plans to close about 150 stores.<\/span><\/p>\n

      Zoom Pops On Strong Q4<\/span><\/h2>\n

      Zoom Video Communications <\/b>(ZM) shares are up 8.2% ahead of the open after beating Q4 expectations on the top and bottom line.\u00a0<\/span><\/p>\n

      Here\u2019s how the video chat software company\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n

        \n
      • Adjusted EPS: $1.22 vs $1.15 expected<\/span><\/li>\n
      • Revenue: $1.15 billion vs $1.13 billion expected<\/span><\/li>\n<\/ul>\n

        Revenue rose less than 3% year over year.<\/span><\/p>\n

        The company had 220,400 enterprise customers at the end of the quarter, up from 219,700 at the end of Q3.\u00a0<\/span><\/p>\n

        Zoom forecast Q1 adjusted EPS between $1.18 and $1.20 on $1.125 billion in revenue.\u00a0<\/span><\/p>\n

        Analysts were anticipating a forecast for $1.13 in adjusted EPS on $1.13 billion in revenue.\u00a0<\/span><\/p>\n

        For the full fiscal year, Zoom expects adjusted EPS of $4.85 to $4.88 on $4.60 billion in revenue vs $4.71 EPS on $4.65 billion in revenue expected.<\/span><\/p>\n

        In Case You Missed It<\/span><\/h2>\n
          \n
        • New home sales were weaker than expected in January. The Census Bureau reported sales of newly built homes rose 1.5% to a seasonally adjusted annual rate of 661,000 units vs 680,000 expected. Most of the country reported growth in new sales except for the South where new sales dropped 15.6%. December\u2019s data was also revised lower to a 7.2% increase from 8% originally. The median price of a new home sold in January rose to $420,700.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

          DJIA Futures: -27 (-0.1%) SPX Futures: +6 (+0.1%) NASDAQ Futures: +49 (+0.3%) Good morning friends! Futures are mixed as traders digest the latest batch of earnings and look ahead to key data. Let\u2019s get right to it! Lowe\u2019s Falls On Outlook Lowe\u2019s (LOW) shares are down 1.1% ahead of the open after beating Q4 expectations but issuing guidance for revenue to fall.\u00a0 Here\u2019s how the home improvement retailer\u2019s results compared to analysts\u2019 estimates:\u00a0 EPS: $1.77 vs $1.68 expected Revenue: $18.60 billion vs $18.45 billion expected Comparable sales dropped 6.2% year over year as DIY demand fell and poor weather in January impacted sales.\u00a0 Lowe\u2019s forecast revenue between $84 billion and $85 billion in fiscal 2024, down from $86.38 billion last year.\u00a0 The company expects comparable sales to decline between 2% and 3% this year and EPS of $12 to $12.30. Macy\u2019s Falls On Weak Q4 Macy\u2019s (M) shares are sliding 2.2% in premarket trade after reporting mixed Q4 results.\u00a0 Here\u2019s how the department store chain\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.45 vs $1.96 expected Revenue: $8.12 billion vs $8.15 billion expected Sales fell nearly 2% from a year ago during the quarter.\u00a0 Macy\u2019s said it expects sales to remain stagnant this year, forecasting revenue between $22.2 billion and $22.9 billion this fiscal year vs $23.09 billion last year.\u00a0 The company said it expects comparable sales to range between a 1.5% decline and 1.5% gain year over year.\u00a0 As part of its strategy to return to growth, Macy\u2019s plans to close about 150 stores. Zoom Pops On Strong Q4 Zoom Video Communications (ZM) shares are up 8.2% ahead of the open after beating Q4 expectations on the top and bottom line.\u00a0 Here\u2019s how the video chat software company\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $1.22 vs $1.15 expected Revenue: $1.15 billion vs $1.13 billion expected Revenue rose less than 3% year over year. The company had 220,400 enterprise customers at the end of the quarter, up from 219,700 at the end of Q3.\u00a0 Zoom forecast Q1 adjusted EPS between $1.18 and $1.20 on $1.125 billion in revenue.\u00a0 Analysts were anticipating a forecast for $1.13 in adjusted EPS on $1.13 billion in revenue.\u00a0 For the full fiscal year, Zoom expects adjusted EPS of $4.85 to $4.88 on $4.60 billion in revenue vs $4.71 EPS on $4.65 billion in revenue expected. In Case You Missed It New home sales were weaker than expected in January. The Census Bureau reported sales of newly built homes rose 1.5% to a seasonally adjusted annual rate of 661,000 units vs 680,000 expected. Most of the country reported growth in new sales except for the South where new sales dropped 15.6%. December\u2019s data was also revised lower to a 7.2% increase from 8% originally. The median price of a new home sold in January rose to $420,700.<\/p>\n","protected":false},"author":41,"featured_media":73828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73827","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\/73827","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=73827"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73827\/revisions"}],"predecessor-version":[{"id":73831,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73827\/revisions\/73831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73828"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}