Philip Morris Q3 earnings on deck: What to expect (NYSE:PM)
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Earnings Report Anticipation: Philip Morris International is set to release its third quarter results on October 22, with expectations of strong performance driven by smokeless products like Zyn.
Financial Estimates: Analysts predict an EPS of $1.82 (up 9.0% year-over-year) and revenue of $9.69 billion (up 6.0% year-over-year).
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PM
Wall Street analysts forecast PM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PM is 181.63 USD with a low forecast of 158.00 USD and a high forecast of 200.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 178.590
Low
158.00
Averages
181.63
High
200.00
Current: 178.590
Low
158.00
Averages
181.63
High
200.00
About PM
Philip Morris International Inc. is an international tobacco company. The Company’s product portfolio primarily consists of cigarettes and smoke-free products. Its smoke-free business (SFB) also includes wellness and healthcare products, as well as consumer accessories, such as lighters and matches. The Company’s segments include Europe Region; South and Southeast Asia, Commonwealth of Independent States, Middle East and Africa Region (SSEA, CIS & MEA); East Asia, Australia & PMI Global Travel Retail (EA, AU & PMI GTR), and Americas Region. The Company's brands include Marlboro, HEETS, IQOS, IQOS ILUMA, TEREA, VEEV and ZYN. Its IQOS smoke-free product brand portfolio includes heated tobacco and nicotine-containing vapor products. Its international cigarette brands are Chesterfield, L&M, and Philip Morris. It also owns a number of local cigarette brands, such as Dji Sam Soe and Sampoerna A in Indonesia, and Fortune and Jackpot in the Philippines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Altria Shares Decline Post-Earnings as It Falls Behind in the Smokeless Tobacco Market.
- Stock Performance: Altria Group's stock experienced a decline on Thursday.
- Earnings Report: The company reported quarterly earnings that fell short of expectations.
Continue Reading
Altria Shares Decline Due to Disappointing Earnings: The Ongoing Concerns Surrounding Cigarettes.
- Altria's Earnings Report: Altria Group reported quarterly earnings that fell short of expectations.
- Market Reaction: Following the earnings report, shares of Altria edged lower on the stock market.
Continue Reading