PM Earnings Prediction
The chart below shows how PM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PM sees a -2.92% change in stock price 10 days leading up to the earnings, and a +1.14% change 10 days following the report. On the earnings day itself, the stock moves by +1.58%. This data can give you a slight idea of what to expect for the next quarter's release.
PM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.71B
--
-2.07%
Gross Margin
64.73%
--
-1.98%
Operating Margin
33.70%
--
-8.60%
Net Margin
18.85%
--
-41.89%
EPS
-0.37
--
-118.78%
No Data Available
PM Earnings Analysis
Philip Morris International Inc Corporation (PM.N) Earnings Conference Call
Positive
Earnings Per Share Beat: Reported EPS of $1.55 exceeded expectations of $1.49, reflecting strong financial performance.
Strong Revenue and EPS Growth: Organic net revenue growth of 9.8% and adjusted diluted EPS growth of 9.3% demonstrate robust operational efficiency and profitability.
Smoke-Free Revenue Milestone: Total smoke-free net revenues reached almost $15 billion in 2024, accounting for 40% of total PMI net revenues in Q4.
Record Operating Cash Flow: Operating cash flow reached a record $12.2 billion, significantly above initial forecasts, supported by excellent profit delivery and favorable working capital.
Smoke-Free Business Growth: The smoke-free business achieved 17% net revenue growth and 23% gross profit growth, reaching close to $10 billion in gross profit, indicating strong market demand and operational leverage.
Negative
Investment Impairment Risks: Reported a noncash impairment of the RBH equity investment, which, while not impacting adjusted financials, indicates potential future risks and uncertainties in investment performance.
Operating Cash Flow Challenges: Despite achieving a record operating cash flow of $12.2 billion, the company faced significant currency headwinds and input cost pressures that could affect future profitability.
Tobacco Market Challenges: The combustible business, while showing some growth, is still experiencing a low single-digit decline in markets where smoke-free products are not permitted, indicating a challenging environment for traditional tobacco products.
Inflationary Headwinds Impacting Revenue: The company anticipates a headwind of over 100 basis points due to higher inflationary accounting and the technical impact of implementing a new financial model in Indonesia, which could negatively affect revenue growth.
Currency Impact Forecast: The forecast for 2025 includes an unfavorable currency impact of 22 cents at the revenue exchange rate, primarily driven by growth trends in the Bellard, which may hinder overall financial performance.
PM FAQs
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PM Earning Call Sentiment
Philip Morris International Inc. (NYSE:PM) Q4 2024 Earnings Call Transcript
PM.N
-1.69%Positive
The earnings call highlights strong financial performance with record operating cash flow, robust growth in smoke-free products, and increased dividends. Despite economic and currency headwinds, the company shows resilience with cost efficiencies and a positive market strategy. The Q&A reveals confidence in future growth, though some uncertainty remains in market expansions. Overall, the positive financial metrics and optimistic guidance outweigh the risks, suggesting a positive stock price movement.
