Philip Morris Forecasts Strong Earnings Ahead of Q4 Release

Philip Morris International is expected to report $1.51 EPS, marking an 11% increase. With strong Q3 results and a bullish consensus from analysts, the stock is poised for potential growth.

Date: 20-01-2025

AI Rating: 7

Earnings Per Share (EPS): Philip Morris is projected to report an EPS of $1.51 for Q4, which shows an 11% increase from $1.36 in the previous year. This indicates strong financial performance and positive investor sentiment.

In the fiscal Q3, the company posted an EPS of $1.91, surpassing estimates by 4.4%. This performance stems from robust demand and effective cost management, signaling operational efficiency.

Looking ahead, analysts expect an adjusted EPS of $6.50 for fiscal 2024, reflecting an 8.2% rise from $6.01 in fiscal 2023. This continued growth trajectory strengthens the company’s investment appeal.

Revenue Growth: For Q3, the company's net revenues climbed 8.4% year-over-year to $9.9 billion. The substantial growth in its smoke-free business, which accounted for 38% of net revenues, is particularly noteworthy as it includes strong sales of heat-not-burn products, driving a 14.8% increase in this sector.

Consensus Rating: The consensus view of analysts is moderately bullish, with the majority recommending a “Strong Buy.” The overall positive sentiment could lead to increased buying pressure on the stock.

These indicators suggest a favorable outlook for Philip Morris, which, coupled with their market cap of $189.1 billion and strong performance compared to benchmarks, should maintain investor interest.

Stocks: PM