What factors drove JNJ's earnings surprises in 2024?

Johnson & Johnson's (JNJ) earnings surprises in 2024 can be attributed to several key factors:

1. **Revenue Growth**: Johnson & Johnson's total revenue for the fourth quarter (Q4) of 2024 was $22.52 billion. This figure reflects a robust growth trajectory for the company, which can be a significant factor in driving earnings surprises.

|code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q1|-2.7E7|2.1383E10|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q2|1.37E8|2.2447E10|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q3|3.11E8|2.2471E10|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q4|6.0E7|2.252E10|169|

2. **Net Income and EPS Growth**: The company's net income for Q4 2024 was $3.43 billion, and the diluted EPS was $1.41. The net income and EPS figures indicate a strong profitability period for the company, which directly impacts the bottom line.

|code|Ticker|Name|Date|Net Income|market_code|
|---|---|---|---|---|---|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q1|3.255E9|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q2|4.686E9|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q3|2.694E9|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q4|3.431E9|169|

|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q1|0.07|1.34|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q2|0.12|1.93|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q3|0.21|1.11|169|
|JNJ|JNJ.N|Johnson & Johnson|2024 Q4|0.02|1.41|169|

3. **Regional Growth**: According to the company's report, the growth in the United States was a significant contributor to the better-than-expected sales in Q4. This regional growth can be a critical factor in driving overall revenue and earnings performance.
4. **Market Conditions**: Despite global economic challenges and competitive pressures in the healthcare industry, Johnson & Johnson's performance highlights its resilience and ability to navigate complex market conditions. This resilience can contribute to positive earnings surprises.

In summary, Johnson & Johnson's earnings surprises in 2024 were primarily driven by strong revenue growth, robust net income and EPS performance, regional growth, particularly in the United States, and the company's ability to thrive in a challenging market environment.