One Free Earnings Analysis A Day: 4Q-24
| 22 min read | by MarvinStay Updated with Our Free Earnings Reports: Daily Insights During Earnings Season
We remain committed to make interesting content available for free. During this earnings season, we're making it our mission to provide daily earnings analysis on some of the most exciting and impactful companies. While we aim to release an analysis every day, there may be instances when no particularly interesting companies are reporting.
Use the earnings calendar below to stay informed about which companies are scheduled to report, and click on the links to explore the detailed earnings reports of companies that have already released their results. Just note that some companies may have not confirmed their earnings dates yet, so the calendar is subject to change.
Earnings Calendar 4Q24
| Week | MON | TUE | WED | THU | FRI |
|---|---|---|---|---|---|
| 6-10 Jan |  | ||||
| 13-17 Jan |  |  | |||
| 20-24 Jan |  |  | |||
| 27-31 Jan |  |  |  |  | |
| 3-7 Feb |  |  |  | ||
| 10-14 Feb |  |  |  | ||
| 17-21 Feb |  | ||||
| 24-28 Feb |  |  |  |  | |
| 3-7 Mar |  |  | |||
| 10-14 Mar |  |  |  | ||
| 17-21 Mar |  |  |
Earnings Highlight Overview
6-10 Jan
: Delta Air Lines (DAL)
Delta Air Lines reported a revenue of $14.4 billion for the fourth quarter ending December 31, 2024, representing a 6% growth compared to the prior period, though slightly below expectations of $14.5 billion. The company achieved an earnings per share (EPS) of $1.85, surpassing the expected $1.74, a 45% increase driven by improved profitability despite a 6% rise in operating expenses. The increase in expenses was related to wage increases, expanded operational capacity, and costs associated with a non-recurring cybersecurity incident. Delta prioritizes debt management, aiming for early repayment to minimize interest costs, and plans substantial capital expenditure for fleet renewal in 2025. The company's strategic investments and planned capital spend, amounting to $5 billion in 2025, focus on sustainability and operational enhancements. Liquidity is projected to remain stable, supported by growing operational cash flows, and management will navigate potential risks tied to fuel price volatility and uncertainties regarding sustainable aviation fuel scalability.
13-17 Jan
: JPMorgan Chase (JPM)
JPMorgan Chase's 4Q-2024 earnings report indicates notable financial performance, with revenue reaching $43.7bn, surpassing expectations by 5%, and an EPS of $4.81, exceeding projections by 19%. The company posted a net income of $54bn for the full year, exhibiting robust operational strength despite credit costs of $2.6bn and net charge-offs of $2.4bn. The 15.7% CET1 ratio reflects sound capital management amid challenging market conditions and share repurchases. While NII is expected to decrease due to anticipated interest rate cuts, a projected stabilization is foreseen by mid-2025. Strategic plans include a focus on sustaining customer growth in the Consumer & Community Banking segment, managing a slowdown in card loan growth, and controlling 2025 expenses at approximately $95bn. The approach suggests emphasis on long-term sustainability rather than immediate returns, with careful attention to regulatory requirements and economic forecasts influencing future strategies.
: UnitedHealth Group (UNH)
UnitedHealth Group's 4Q-2024 earnings report shows revenue of $100.8 billion, increasing 7% year-over-year but falling short of the $101.7 billion expected. Earnings per share (EPS) of $6.81 surpassed market expectations of $6.74, reflecting an 11% increase. The Company achieved $400.3 billion in revenue for 2024, with UnitedHealthcare expanding its consumer base by 2.1 million, and Optum adding 600k value-based care patients, indicating robust market penetration. Strategic expansions into state-based and value-based care are expected to sustain growth into 2025, despite challenges like Medicaid eligibility changes. Forward guidance indicates a focus on enhancing healthcare accessibility to address regulatory and competitive challenges, with anticipated partnerships in several states potentially driving further growth.
20-24 Jan
: 3M (MMM)
3M's 4Q-2024 earnings report showed revenue at $5.8 billion, aligning with expectations, despite a 25% decline compared to the prior period, while EPS of $1.68 surpassed expectations by 9%. The company projects a 2.5% organic sales growth and a 6% rise in EPS for the upcoming year, with operational efficiencies and strategic initiatives expected to drive improvements in margins and cash flow. China remains a key growth region, particularly in Electronics, although global industrial production growth is modest. Looking forward, the company anticipates steady revenue and margin improvements, supported by cost management, pricing strategies, and enhanced operational efficiency, although challenges such as foreign exchange impacts and tariff-related risks remain.
: Netflix (NFLX)
Netflix reported fourth-quarter 2024 revenue of $10.5 billion, surpassing expectations of $10.1 billion, with an 18% increase compared to the previous year. Earnings per share were $4.27, exceeding forecasts of $4.20, marking a 102% rise. The company expects revenue for 2025 to be between $43.5-$44.5 billion, with an increased operating margin of 29%, despite a headwind from foreign exchange. Netflix's subscriber base reached 302 million, with significant opportunities for growth in untapped markets like China and Russia. The company continues to focus on expanding its content offerings and exploring new ventures such as live programming to support diversification and market expansion, while maintaining financial strategies to manage debt and free cash flow effectively.
27-31 Jan
: AT&T (T)
AT&T's 4Q-2024 earnings report shows revenue of $32.3 billion, a 1% increase, slightly above market expectations. However, earnings per share fell 99% to $0.54, influenced by a $4.4 billion goodwill impairment charge in the Business Wireline unit due to declining legacy services. The company indicates ongoing challenges in service revenue but sees potential growth in fiber and connectivity services. Cost management efforts are underway, with expectations for improved operational efficiencies by 2025. Strategic investments are focused on network modernization, including Open RAN, fiber, and 5G, despite economic uncertainties impacting pricing strategies. The company acknowledges regulatory challenges and plans to optimize its debt management approach amid currency and interest rate risks. It does not foresee significant financial impact from current legal matters.
: SAP (SAP.DE)
SAP's fourth-quarter 2024 earnings reported revenue of €9.4 billion, surpassing expectations of €9.1 billion, while earnings per share of €1.40 fell short of the expected €1.45. The company outlined a strategic focus on enhancing its application and data layers to support AI integration, with projections to improve user efficiency by 30% by 2025. SAP anticipates double-digit revenue and operating profit growth through 2027, with a revised growth target of around 11%, reflecting efforts to achieve balanced growth and align with strategic goals. The company continues to demonstrate its ability to handle large-scale implementations and improve operational efficiency, expecting notable cost savings and efficiency gains through AI and data innovations. SAP's financial risk management strategy aims to stabilize financial outcomes, particularly through currency hedging, to maintain investor confidence. The company is also expanding its cloud services and leveraging global capabilities to enhance its market position.
: Meta (META)
Meta's 4Q-2024 earnings report reveals a 23% revenue increase to $48.4 billion and a 50% rise in EPS to $8.02, surpassing expectations. The company is investing heavily in AI and technology development, with plans to enhance its AI infrastructure and capabilities, aiming for long-term competitive advantages. Despite increased R&D spending, operational efficiencies have led to a 13% reduction in overall expenses. CapEx for 2025 is projected at $62.5 billion, largely focused on generative AI and core operations. While regulatory challenges pose potential risks, Meta maintains a robust liquidity position with $77.8 billion in cash and marketable securities, supporting ongoing shareholder returns and strategic investments.
: Microsoft (MSFT)
Microsoft reported 2Q-2025 earnings with revenue of $69.6 billion, reflecting a 12% year-over-year increase and surpassing expectations of $68.8 billion. The company achieved earnings per share of $3.23, up 10% and above the forecasted $3.10. Microsoft anticipates strong growth across its segments, particularly in the Intelligent Cloud with Azure expecting a 31%-32% increase in Q3. Despite a projected 19%-20% rise in COGS, operating expenses are expected to grow more slowly at 5%-6%, reflecting cost management efforts. The organization anticipates moderate impact due to currency fluctuations, expecting them to slightly reduce segment revenue growth. Looking ahead, Microsoft aims for double-digit revenue and operating income growth, with strategic investments in AI and cloud technologies expected to drive long-term expansion.
: Tesla (TSLA)
Tesla's 4Q-2024 earnings report shows an EPS of $0.73, falling short of the $0.77 expectation. The company notes robust growth across its vehicle and energy storage segments, with vehicle deliveries reaching nearly 2 million annually. Tesla projects a 50% increase in energy deployments by 2025, though it anticipates rising operating expenses. The company is focused on technological innovation, particularly in AI and autonomous driving, and plans for its expansive product pipeline, such as the Optimus robot, which it aims to produce at a significantly lower cost than the Model Y. Regulatory challenges and production scaling remain key concerns, though strategic investments are directed towards these areas to ensure continued market leadership and operational efficiency. Tesla's forward-looking guidance includes maintaining 2025 capital expenditures at current levels, prioritizing investments in manufacturing excellence, and addressing regulatory compliance to spur future growth.
: Apple (AAPL)
In the first quarter of fiscal 2025, Apple reported revenue of $124.3 billion, a 4% increase year-over-year, modestly surpassing market expectations of $124.0 billion. Earnings per share also exceeded expectations, at $2.40, a 10% increase. Despite the foreign exchange impact reducing revenues by 2.5%, Apple expects continued revenue growth with guidance suggesting low to mid-single-digit growth in the upcoming quarter. The gross margin forecast of 46.5% to 47.5% underscores Apple's effective cost management and pricing strategy. The company noted strong global performance, achieving record revenues in key regions, and highlighted growth in its product and services segments, particularly from recent innovations and its AI-driven product line. Apple remains focused on maintaining a balance in pricing strategies and operational efficiencies, projecting operating expenses between $15.1 billion and $15.3 billion, while strategically leveraging its manufacturing strategy for economic benefits.
3-7 Feb
: Alphabet (GOOGL)
Alphabet reported a 13% year-over-year increase in fourth-quarter revenue to $96.5 billion, narrowly missing analyst expectations of $96.7 billion. Earnings per share increased by 31% to $2.15, slightly surpassing the expected $2.12, indicating efficient cost management and operational performance. Looking forward, the company plans to invest $75 billion in capital expenditures in 2025, focusing on AI and cloud services, to bolster infrastructure and competitive position. The financial impact of currency fluctuations was addressed through a reconciliation from GAAP to non-GAAP constant currency revenues, providing clarity on operational performance. Additionally, the distribution of $2.4 billion in dividends reflects the company's solid cash flow and shareholder return strategy.
: Uber (UBER)
Uber's 4Q-2024 earnings reported revenue of $12.0 billion, marking a 20% increase, surpassing the $11.8 billion market expectation. The EPS at -$3.21 fell significantly below the expected $0.48, primarily due to factors like a $6.4 billion tax valuation release and net unrealized gains, indicating underlying operational profitability might be less robust than net income suggests. Forward guidance indicates an expected Gross Bookings growth of 17% to 21% year-over-year for Q1 2025, despite a 5.5 percentage point currency headwind. Market expansion is evident with a 60% increase in Uber One membership, aiding in customer loyalty, and experiments like the Shopper Pick & Pack feature show efforts to improve operational efficiency. Financial reporting changes could impact the analysis of revenue and profitability.
: Amazon (AMZN)
Amazon's 4Q-2024 earnings report reveals a revenue of $188.7 billion, representing a 12% increase, surpassing the expected $187.2 billion. EPS was recorded at $1.86, contrary to the anticipated $1.48. The company acknowledged facing challenges from external factors such as foreign exchange rate fluctuations, which are expected to negatively impact Q1 revenue by $2.1 billion. For the upcoming period, Amazon has provided a revenue guidance of $151 billion to $155.5 billion and outlined plans for strategic investments in AI and logistics to support future growth, particularly in AWS and retail operations. These investments aim to enhance operational efficiency and customer satisfaction, with a focus on long-term growth through innovative technological initiatives.
10-14 Feb
: McDonald's (MCD)
For the period ending December 31, 2024, McDonald's reported revenue of $6.4 billion and earnings per share of $2.83, both below expectations of $6.5 billion and $2.86, respectively. Despite these figures, the company maintained a robust adjusted operating margin exceeding 46% for the year, with a focus on recovery after a food safety incident impacting U.S. sales. McDonald's anticipates a financial turnaround by Q2 2025, driven by its strategic emphasis on customer engagement, digital growth, and global expansion, including plans to open 2,200 new restaurants in 2024. The company projects stronger financial performance in 2025 with mid-to-high 40% operating margins, although rising interest expenses due to increased debt pose potential challenges. McDonald's also targets an ambitious 90% free cash flow conversion, aligning with its focus on long-term growth through strategic technological and operational investments. The global expansion and digital initiatives are expected to support future sales growth and enhance its competitive market presence.
: Coca-Cola (KO)
Coca-Cola's 4Q-2024 earnings report revealed revenue of $11.4 billion, surpassing market expectations of $10.7 billion, with a 4% growth compared to the prior period. Earnings per share (EPS) reached $0.55, exceeding expectations of $0.52 and showing a 12% increase. The company targets a 5.5% organic revenue growth rate for 2025, aiming to exceed industry expectations, while navigating challenges posed by currency fluctuations and rising tax rates. Expected EPS growth of 2-3% from $2.88 in 2024 highlights resilience, despite ongoing cost pressures and a reversing working capital benefit. Strategic refranchising and partnerships may influence short-term financials but align with a broader focus on core brand investment and efficiency. Coca-Cola anticipates a stable financial framework amidst inflation and currency challenges, bolstered by disciplined pricing strategies and hedging.
: CVS Health (CVS)
CVS Health reported a 4% increase in revenue to $97.7 billion for Q4-2024, exceeding expectations of $96.9 billion. However, EPS fell 44% to $1.19, though it surpassed the anticipated $0.92. Despite the revenue increase, driven by growth in Medicare and individual exchange products, the company faced challenges in profitability due to pressures in the Health Care Benefits segment and unfavorable Medicare Advantage star ratings. Additionally, a decrease in pharmacy claims processing impacted revenues. Looking forward, CVS Health's strategic shift towards preventive healthcare services and its broad operational scale across retail pharmacies and medical clinics could play a crucial role in future growth opportunities.
17-21 Feb
: Walmart (WMT)
Walmart's fourth quarter of fiscal year 2025 revealed a revenue of $178.8 billion, a 3% increase, though slightly below the expected $179.0 billion. The adjusted EPS of $0.66 exceeded expectations of $0.65, reflecting a 10% rise. Key growth initiatives centered around e-commerce expansion, technological advancements, and international market penetration, including preparations for PhonePe's IPO in India and the acquisition of VIZIO. Forward-looking guidance projects a 3% to 4% growth in consolidated net sales for fiscal year 2026, with adjusted EPS anticipated to be between $2.5 and $2.6, considering currency headwinds and tax rate impacts. Despite potential challenges from exchange rates and the VIZIO acquisition, operating income is projected to rise by 0.5% to 2% on a constant currency basis.
24-28 Feb
: Zoom (ZM)
Zoom's 4Q-2025 earnings showed revenue of $1.2 billion, meeting expectations, with an EPS of $1.41 surpassing the anticipated $1.35 despite a 1% decline. The company repurchased 4.3 million shares in the quarter, reflecting its financial confidence. Revenue growth was notable in the Contact Center and Workvivo segments, aligning with Zoom's transition to an AI-first strategy. The company's GAAP operating margin expanded by 5.8 points annually, and operating cash flow increased by 21.7% to nearly $2 billion, reinforcing its operational efficiency. Strategic realignments focus on higher-value Enterprise clients, indicating a shift in focus to quality of revenue.
: The Home Depot (HD)
The Home Depot's Q4 2025 earnings report shows revenue of $39.7 billion, a 14% increase, surpassing the expected $39.1 billion. However, EPS came in slightly below expectations at $3.02, rising by 7%. Fiscal year 2024 saw a 4.5% sales increase to $159.5 billion, driven by online sales and new store openings despite a decline in comparable store sales. The integration of SRS and new expansion plans are identified as key growth drivers, with projected mid-single-digit growth for SRS in fiscal 2025 and 13 additional stores planned. Operating margins are expected at 13% in fiscal 2025 with planned capital expenditures of 2.5% of sales, although a slight EPS decline is anticipated. The company emphasized the importance of strategic investments in delivery and fulfillment as market conditions stabilize, while facing challenges in skilled labor shortages.
: NVIDIA (NVDA)
NVIDIA's 4Q-2025 earnings report revealed a revenue of $39.3 billion, a 78% increase year-over-year, surpassing expectations of $38.2 billion. Earnings per share (EPS) were recorded at $0.89, slightly above the expected $0.85, despite an 83% decrease from the previous year. The company highlighted strong data center performance, with a record revenue of $35.6 billion, largely driven by Blackwell and Hopper 200 products' rapid market adoption. Forward-looking guidance suggests total revenue for Q1-2026 is projected at $43 billion, plus or minus 2%. However, challenges such as regulatory hurdles in China and margin pressures from new product costs remain; margins are currently in the low 70s with expectations to improve later in the year.
: Autodesk (ADSK)
Autodesk reported 4Q-2025 revenue of $1.6 billion, in line with expectations, and an adjusted EPS of $2.29, surpassing the $2.14 expectation, indicating effective cost management and operational efficiency. The company continues to focus on enhancing profitability and setting strategic plans for margin improvements, projecting GAAP operating margins of 21% to 22% in fiscal 2025 and 2027, with long-term targets of industry-leading margins. A substantial share buyback program, potentially ranging from $1.1 billion to $1.2 billion, is planned for fiscal 2026, signaling confidence in its financial health. Growth strategies are directed towards the construction and fusion sectors, with the company forecasting a revenue growth rate of 8% to 9% for fiscal 2026 in constant currency terms. Potential risks include operational disruptions and customer uncertainty, yet the company is positioning itself strategically for sustainable growth and market expansion.
3-7 Mar
: Target Corporation (TGT)
Target Corporation's 4Q 2025 earnings release indicates revenue of $30.9 billion, slightly above market expectations despite a 3% decline year-over-year. The earnings per share (EPS) was reported at $2.41, exceeding expectations by 7.1%, though it represents a 19% decrease from the prior year. The company's strategy to enhance brand visibility through celebrity partnerships and expansion of owned brands has supported diversified revenue streams, though overall sales have seen a slight decline due to a calendar anomaly. Target's forward-looking plans include capital expenditures ranging from $4 billion to $5 billion in 2025, focusing on store assets, supply chain, and technology. Despite a slight decline in after-tax return on invested capital, the company maintains stable dividends and emphasizes strategic share repurchases. Challenges include managing tax compliance with upcoming global tax frameworks and addressing potential financial volatility linked to uncertain tax positions.
: Broadcom (AVGO)
Broadcom's 1Q-2025 earnings release for the period ending February 28, 2025, reports revenue of $14.9 billion, a 25% year-on-year increase, surpassing the expected $14.6 billion. EPS also rose by 46% to $1.60, exceeding market expectations of $1.46. Broadcom projects continued growth in Q2, with consolidated revenue expected to reach $14.9 billion, driven by semiconductor and software segments, particularly AI technologies. The company is transitioning to a subscription-based model and increasing R&D investment in AI semiconductors. Despite anticipated slight pressure on margins due to the revenue mix, the company maintains strong cash reserves and anticipates an adjusted EBITDA margin of 66% for Q2. Notably, Broadcom focuses on strategic partnerships and a few large customers to secure revenue stability and growth potential in the AI market.
10-14 Mar
: Oracle (ORCL)
Oracle's 3Q-2025 earnings, for the period ending 2025-03-31, reported revenue of $14.1 billion, reflecting a 6% year-over-year growth, but falling short of the $14.4 billion market expectation. Earnings per share (EPS) were $1.47, a 4% increase from the previous year, but also below the expected $1.49. The company has formed strategic partnerships with major technology firms like OpenAI, Meta, NVIDIA, and AMD, aimed at expanding its cloud and AI capabilities, which could drive a forecasted 15% revenue growth driven by a $130 billion sales backlog, indicating strong future revenue potential. Oracle highlighted a significant rise in its Remaining Performance Obligations (RPO) by 63%, which suggests a robust pipeline and growth potential in its cloud and AI sectors, although the provided guidance should be assessed cautiously.
: Adobe (ADBE)
Adobe reported revenue of $5.7 billion for the first quarter of 2025, marking a 10% increase year-over-year, aligning with market expectations. Earnings per share (EPS) reached $5.08, surpassing expectations of $4.97, reflecting a 13% increase. The company highlighted achieving record Q1 results with significant annualized recurring revenue (ARR) from AI innovations, suggesting potential for continued growth and market expansion. Adobe reported strong financial stability with remaining performance obligations at $19.69 billion, indicating substantial future revenue commitments, and a current RPO of 67%, suggesting significant revenue recognition within the next year.
: Dollar General (DG)
In its 4Q-2025 earnings release, Dollar General reported revenues of $10.3 billion, marking a 4% increase year-over-year, aligning with market expectations. However, the earnings per share (EPS) fell short at $0.87, a 52% decrease compared to expectations of $1.50. The company outlined several strategic initiatives aimed at long-term growth, including expanding partnerships and delivery services, entering the Mexican market, and optimizing its store operations. Looking forward, Dollar General projects net sales growth of 3.4% to 4.4% for 2025 and aims for annual EPS growth of at least 10% starting in 2026, despite anticipated economic and consumer challenges. The company remains committed to maintaining its investment-grade credit ratings while managing costs and investing in strategic growth initiatives.
17-21 Mar
: Nike (NKE)
Nike's 3Q-2025 earnings report revealed a revenue of $11.3 billion, a 9% decrease year-over-year, but above the $11.0 billion market expectation. EPS was $0.54, down 45%, yet surpassed the $0.28 expectation. The company is implementing strategies centered on product innovation and diversification, aiming for growth by reducing reliance on classic models and enhancing new product offerings. Challenges persist in the Greater China market with notable revenue declines, compounded by inventory management issues affecting cash flow and profitability. Nike anticipates a mid-teens revenue decline for Q4, with external factors shaping the outlook, alongside a gradual recovery as strategic initiatives take effect.
: Carnival Corporation (CCL)
Carnival Corporation's 1Q-2025 earnings report shows revenues of $5.8 billion, a 7% increase, surpassing the expected $5.7 billion. The reported EPS is $0.13, significantly higher than the expected $0.02. The company is focusing on enhanced marketing and brand visibility, which is anticipated to boost demand, although it may affect profit margins if not balanced with increased revenues. Debt refinancing is a priority, with efforts to reduce interest expenses and improve financial stability. Carnival provides optimistic guidance with a projected EBITDA of $6.7 billion for 2025, indicating a near 10% increase over the previous year, fostering confidence in its financial management and operational strategies.
Don't miss out on the latest updates – stay tuned to uncover key insights that can shape your investment strategies and help you stay ahead in the market.
You can also check out our prior 3Q24 earnings analysis reports here.
