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Recent Articles
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Microsoft Issues Fiscal Second Quarter Results
Jan 30, 2025
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Image Source: Microsoft.
Looking to the fiscal third quarter, Microsoft expects Azure revenue growth to be between 31%-32% in constant currency. Revenue growth for the fiscal third quarter is expected in the range of $67.7-$68.7 billion, below the consensus forecast of $69.8 billion. For all of fiscal 2025, management expects total revenue to grow double digits, operating expenses to grow in the single-digits, and operating income to grow in the double digits. Operating margins are expected to be up slightly year-over-year. Though Azure revenue growth and fiscal third quarter guidance may have come in a little light of what the Street was looking for, we still like Microsoft as a core idea in the newsletter portfolios.
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Lockheed Martin’s Earnings Impacted by Classified Program Losses
Jan 29, 2025
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Image Source: Lockheed Martin.
Looking to 2025, Lockheed Martin expects revenue in the range of $73.75-$74.75 billion, in line with the consensus forecast of $74.1 billion, business segment operating profit of $8.1-$8.2 billion, while diluted earnings per share is targeted in the range of $27-$27.30, below the consensus forecast of $27.94. Cash flow from operations is expected in the range of $8.5-$8.7 billion in 2025, while free cash flow is expected in the range of $6.6-$6.8 billion, after roughly $1.9 billion in capital spending. Shares yield 2.9% at the time of this writing.
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NextEra Energy Reaffirms Earnings Outlook for Next Couple Years
Jan 25, 2025
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Image Source: NextEra Energy.
NextEra Energy reaffirmed its long-term financial expectations. For 2025, NextEra Energy continues to expect adjusted earnings per share to be in the range of $3.45-$3.70. For 2026 and 2027, NextEra Energy expects adjusted earnings per share to be in the ranges of $3.63-$4.00 and $3.85-$4.32, respectively. The company also continues to expect to grow its dividends per share at a roughly 10% annual clip through at least 2026, off a 2024 base. We continue to like NextEra Energy as a holding in the ESG Newsletter portfolio.
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Johnson & Johnson Issues Fourth Quarter Results
Jan 24, 2025
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Image Source: J&J.
For the full year 2024, J&J's free cash flow came in at ~$19.8 billion, up from $18.2 billion last year. The company ended the quarter with ~$12 billion in net debt. J&J made significant pipeline progress in the quarter including RYBREVANT + LAZCLUZE overall survival data, initiation of TAR-200 submission, and the approval of investigational device exemption for its general surgery robotic system, OTTAVA. J&J issued guidance or 2025 calling for operational sales growth of 2.5%-3.5%, below the consensus forecast, and adjusted operational earnings per share growth of $10.75-$10.95, reflecting 8.7% growth at the midpoint. We like J&J, but the company does not make the cut for inclusion in any newsletter portfolio at this time.
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