On Tuesday, October 20, Philip Morris Intl PM will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Wall Street expects EPS of $1.36 and sales around $7.28 billion. In the same quarter last year, Philip Morris Intl posted EPS of $1.43 on sales of $7.64 billion. The Wall Street estimate would represent a 4.9% decline in the company's earnings. Sales would be down 4.74% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.10 | 1.13 | 1.21 | 1.36 |
| EPS Actual | 1.29 | 1.21 | 1.22 | 1.43 |
| Revenue Estimate | 6.50 B | 6.82 B | 7.75 B | 7.67 B |
| Revenue Actual | 6.65 B | 7.15 B | 7.71 B | 7.64 B |
Stock Performance
Shares of Philip Morris Intl were trading at $79.26 as of October 16. Over the last 52-week period, shares are down 2.62%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Philip Morris Intl is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://www.pmi.com/investor-relations/press-releases-and-events/q2-earnings?EventId=21721
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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