What To Expect From Philip Morris (PM) This Earnings Season?
Zacks Investment Research | Apr 17, 2017 06:40AM ET
Leading international tobacco company, Philip Morris International Inc. (NYSE:PM) is all set to report its first-quarter 2017 results on Apr 20, 2017, before the market opens. The question lingering in investors’ minds is whether the company will be able to post a positive earnings surprise in the to-be-reported quarter. Its earnings have lagged the Zacks Consensus Estimate in three of the trailing four quarters, with an average miss of 4%.
On the contrary, a look at Philip Morris’ stock performance reveals that its shares have rallied 23.6% year to date, thereby outperforming the Zacks categorized Tobacco industry’s gain of 14.4%.
Let’s see how things are shaping up for this announcement.
Which Way Are Estimates Treading?
Let’s look at the estimate revisions in order to get a clear picture of what analysts are thinking about the company right before earnings release. The Zacks Consensus Estimate for the first quarter has decreased by 2 cents, over the last seven days. However, the same has been stable at $4.89 for 2017 in the said time period.
The current Zacks Consensus Estimate of $1.03 per share for the first quarter, reflects growth from 98 cents posted in the prior-year period. Further, analysts polled by Zacks expect revenues of $6.42 billion for the said quarter, which is also 5.5% higher than the year-ago quarter.
Philip Morris International Inc Price, Consensus and EPS Surprise
the complete list of today’s Zacks #1 Rank stocks here .
Energizer Holdings, Inc. (NYSE:ENR) has an Earnings ESP of +3.03% and a Zacks Rank #2.
Nordstrom, Inc. (NYSE:JWN) has an Earnings ESP of +3.70% and a Zacks Rank #3.
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