MO Earnings Prediction
The chart below shows how MO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MO sees a -2.00% change in stock price 10 days leading up to the earnings, and a -0.16% change 10 days following the report. On the earnings day itself, the stock moves by +0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
MO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.34B
1.27%
1.27%
Gross Margin
70.86%
1.50%
1.75%
Operating Margin
59.00%
0.10%
6.23%
Net Margin
42.91%
4.53%
-40.46%
EPS
1.34
9.84%
-39.37%
No Data Available
MO Earnings Analysis
Altria Group, Inc. Corporation (MO.N) Earnings Conference Call
Positive
Earnings Per Share Growth: 1. Earnings Growth: Altria grew adjusted diluted earnings per share by 7.8% in Q3 2024, reaffirming guidance for full-year adjusted diluted EPS growth of 2.5% to 4%.
Operating Income Increase: 2. Strong Operating Income: The Smokable Products segment achieved a 7.1% increase in adjusted operating company's income in Q3 2024, supported by a net price realization of 10.6%.
NJOY Shipment Volume Surge: 3. NJOY Market Momentum: NJOY consumables shipment volume increased by over 15% to 10.4 million units in Q3 2024, with retail share rising by 2.8 share points year-over-year to 6.2%.
Dividend Growth Milestone: 4. Dividend Increase: Altria raised its dividend by 4.1% in August 2024, marking the 59th increase in the last 55 years, and paid approximately $1.7 billion in dividends in Q3 2024.
Cost Savings Initiative: 5. Cost Management Initiative: Altria's new initiative is expected to deliver at least $600 million in cumulative cost savings over the next five years, aimed at reinvesting in business growth.
Negative
Cigarette Volume Decline: 1. Declining Cigarette Volumes: Domestic cigarette volumes fell by 8.6% in Q3 and 10.6% for the first nine months, with adjusted volumes declining by an estimated 11.5% and 11% respectively.
Illicit Product Competition: 2. Increased Competition from Illicit Products: The growth of illicit flavored disposable e-vapor products contributed to elevated cigarette industry volume declines, with the number of vapors using illicit disposable products increasing by approximately 45% to 12.4 million.
Oral Tobacco Retail Decline: 3. Decreased Retail Share in Oral Tobacco: The oral tobacco products segment saw a retail share decline of 4.2 percentage points in Q3, with declines in MST brands partially offset by gains in the on! brand.
Consumer Economic Strain: 4. Rising Consumer Economic Pressure: Economic pressures on consumers have been highlighted, with rising consumer debt and credit delinquency rates impacting discretionary income, which may affect tobacco consumption.
Cost Management Issues: 5. Cost Management Challenges: Although controllable costs decreased in Q3, this was attributed to timing rather than a sustainable trend, indicating potential future cost pressures.
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MO Earning Call Sentiment
Altria Group, Inc. (MO) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MO.N
2.69%Positive
The earnings call highlights positive aspects such as increased dividends, share repurchases, and strong EPS growth. Despite challenges like declining cigarette volumes and competition, the company's strategic initiatives, such as cost management and market expansion, are promising. The Q&A session reveals management's confidence in maintaining guidance and handling market dynamics effectively. The dividend increase and share repurchase efforts are likely to support a positive stock price movement, with a potential boost from the company's modernization initiative and strategic partnerships.