Earnings Roundup – December 15, 2023
Oracle (ORCL)
Results
- Missed revenue estimate by 0.8% & missed guide by 0.5%.
- Cloud revenue growth was below guidance.
- Barely beat $1.33 EPS estimate by a penny & beat its guide by $0.04.
Met $0.89 GAAP EPS estimate; Missed EBIT estimate by 0.6%.
Source: Brad Freeman – SEC Filings, Company Presentations, and Company Press Releases
Source: Brad Freeman – SEC Filings, Company Presentations, and Company Press Releases
Source: Brad Freeman – SEC Filings, Company Presentations, and Company Press Releases
Guidance
7% Y/Y revenue growth guidance slightly missed expectations and led to modest downward demand revisions from analysts. EPS guidance was in line with estimates. The company also reiterated its 2026 financial targets.
Balance Sheet
- $10.1B in trailing 12-month FCF vs. $9.5B Q/Q and $8.4B Y/Y.
- $8.2B in cash & equivalents.
- $89B in debt ($6.3B is current).
Diluted share count rose 2.6% Y/Y; basic share count rose 1.9% Y/Y
Costco Wholesale (COST)
Results
- Costco revenue barely beat estimates.
- EBIT was 1.3% ahead of estimates.
- Beat $3.42 GAAP EPS estimates by $0.16.
Source: Brad Freeman – SEC Filings, Company Presentations, and Company Press Releases
Source: Brad Freeman – SEC Filings, Company Presentations, and Company Press Releases
Source: Brad Freeman – SEC Filings, Company Presentations, and Company Press Releases
Balance Sheet
- $17.8 billion in cash & equivalents.
- $5.9 billion in long term debt and another $1.1 billion in current debt.
- Share count is roughly flat Y/Y.
- Inventory rose by 8.1% sequentially.
- Will pay out a special $15.00 cash dividend.
