Anticipating Philip Morris Intl's Upcoming Earnings Results
Anticipating Philip Morris Intl's Upcoming Earnings Results
Philip Morris Intl (NYSE: PM) is gearing up to announce its quarterly earnings soon, and this event is generating considerable interest among investors. Understanding what to expect can help guide investment decisions and strategies.
Key Earnings Expectations
Analysts are forecasting that Philip Morris Intl will report earnings per share (EPS) of $1.82 in this upcoming quarter. Investors are hopeful that the company not only meets this estimate but exceeds it, providing a favorable outlook for the next period. Positive guidance can be crucial; it's often the projections for future performance that drive stock movements more than the actual earnings results themselves.
Review of Previous Earnings Performance
Looking back at the previous quarter, Philip Morris Intl impressed with an EPS that beat analyst expectations by $0.02. Following this announcement, the stock price increased by 1.72% the next day, reflecting investor confidence. This kind of performance is a positive indicator and is worth noting as investors prepare for the next earnings report.
Analyzing the Historical Results
Here’s a recap of Philip Morris Intl's performance over recent quarters:
- Q2 2024: EPS Estimate was 1.57, EPS Actual was 1.59, leading to a price change of 2.0%.
- Q1 2024: EPS Estimate was 1.41, EPS Actual was 1.50, resulting in a price change of 1.0%.
- Q4 2023: EPS Estimate was 1.45, EPS Actual was 1.36, but there was no significant price change (0.0%).
- Q3 2023: EPS Estimate was 1.61, EPS Actual was 1.67, with a positive price change of 2.0%.
The historical performance suggests a generally optimistic trend that long-term investors might want to capitalize on in anticipation of the upcoming earnings call.
Current Market Performance of Philip Morris Intl's Stock
As of recent trading, the shares of Philip Morris Intl were valued at $120.21 on October 18. Over the past year, the stock has appreciated by 32.17%, showcasing robust growth and resilience in the market. This positive trend is encouraging and indicates strong potential for continued investor interest as the earnings report date approaches.
Understanding Market Sentiment
The positive performance over the last year positions long-term investors as generally bullish ahead of the earnings announcement. They are likely optimistic about what the company will reveal during this important event.
Frequently Asked Questions
What are the key earnings expectations for Philip Morris Intl?
The key earnings expectation for Philip Morris Intl is an earnings per share (EPS) of $1.82.
How did Philip Morris Intl perform in previous earnings reports?
In the last quarter, the company beat EPS estimates by $0.02, resulting in a 1.72% increase in stock price the following day.
What is the current stock price of Philip Morris Intl?
The current trading price of Philip Morris Intl's shares is $120.21 as of October 18.
How much has Philip Morris Intl's stock risen in the last year?
Over the past 52 weeks, Philip Morris Intl's stock has increased by 32.17%.
Why is market guidance important for investors?
Market guidance is essential as it provides insight into the company's future performance, which can significantly affect stock prices, often more so than actual earnings results.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Owens & Minor To Announce Q3 2024 Financial Results Soon
- Clearwater Paper to Host Earnings Call on Q3 2024 Results
- SITE Centers Prepares for Quarterly Earnings Release Soon
- RBB Bancorp Releases Strong Q3 2024 Earnings Report
- Medifast Plans to Share Q3 Financial Results and Insights
- W. R. Berkley Corporation Shares Impressive Q3 Financial Results
- Genco Shipping & Trading's Upcoming Q3 Conference Call Details
- Jamf's Upcoming Financial Results Conference for Q3 2024
- Century Aluminum Announces Upcoming Q3 2024 Earnings Call
- PLAYSTUDIOS Plans Q3 2024 Financial Results Announcement
Recent Articles
- Key Insights Ahead of Robert Half's Earnings Announcement
- Analyzing Earnings Expectations for Robert Half (RHI)
- Faropoint's Strategic $150M Acquisition Line for Growth
- Exploring PACCAR's Earnings Outlook and Market Position
- Understanding PACCAR's Earnings Dynamics and Market Position
- Class Action Lawsuit for Outset Medical Investors Explained
- Exploring Trade Desk's Remarkable Stock Surge and Future Prospects
- Ncino Inc. Achieves New Milestone with Stock Price Gains
- Elevance Health: Price Target Update and Future Prospects
- Procter & Gamble's Resilience Drives Price Target Increase
- Collaboration Between Medibank and League Promises Digital Evolution
- Fortress Transportation's FTAIO Reaches New High at $26.49
- Allot Communications Reaches New Heights with Robust Growth
- Vertex Pharmaceuticals Receives Positive Outlook from BMO Capital
- Shutterstock Stock Shifts: Analyzing Recent Changes and Trends
- Ares Management Stock Reaches Unprecedented Heights at $171.53
- Westwood Holdings Achieves New Heights with Stock Milestone
- JPMorgan's Climate Initiative: Sarah Kapnick Returns to Lead
- Uber's Strategic Advantage After Tesla's Autonomy Setback
- Discovering Promising AI Stocks for the Future Ahead
- Lumen Technologies Partners with Meta Platforms to Enhance AI Network
- The Gold Craze: Why More Costco Shoppers Are Buying In
- Investors Watch for Key Earnings Amid Market Fluctuations
- Automotive Adhesives Market Expected to Reach $11.3 Billion
- DeVry University Joins Forces with OneTen for Career Growth
- Sammons Financial Group Welcomes David Attaway as CFO
- Examining Fairness in AUB's Merger with Sandy Spring Bancorp
- Baha Mar's FUZE Art Fair Welcomes Art Enthusiasts for Free
- Innocan Pharma's Participation in Upcoming Investment Conference
- CAC Group Unveils New Cyber Insurance for Energy Sector
- Zip's $190 Million Funding Surge: A New Era for Procurement
- Boralex Set to Announce Q3 Financial Results and Insights
- Enhancing Business Communication with Grammarly's New Tools
- Understanding the Serious Consequences of Vehicular Homicide
- NEO Battery Materials and Lotus Energy Unite for Recycling
- Innovative API Solutions for Healthcare Transformation at HLTH 2024
- Grab Holdings Set to Reveal Q3 2024 Financial Results Soon
- Rockline Industries Steps Up with Hurricane Relief Donations
- 6Storage and Apoorva Join Forces for Self-Storage Software Evolution
- The Ensign Group Welcomes Mark Parkinson to Its Board
- Stephen Marsh Honored with Legacy Award from Inc. Magazine
- Examining Potential Legal Actions for USAP, CPTN, NBR, and INSI
- Collins Aerospace Launches Innovative Venue™ Cabin Systems
- RBC Capital Updates Price Target for WAVE Life Sciences
- Mattamy Homes Celebrates New Victories in Prestigious Awards
- US Economic Indicators Show Decline Amid Uncertainty Ahead
- TD Cowen Ups Lyft Stock Target: A Look at Recent Developments
- Astemo Showcases Powersports Innovations at AAPEX 2024
- Goldman Sachs Confirms Buy Rating for CG Oncology's Future
- Settlement Announced for Investors of Mullen Automotive, Inc.