Philip Morris (PM) came out with quarterly earnings of $1.91 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.37%. A quarter ago, it was expected that this seller of Marlboro and other cigarette brands would post earnings of $1.55 per share when it actually produced earnings of $1.59, delivering a surprise of 2.58%.Over the ...

Exhibit 99.2 | --- | |---------------------------------------------------------------------------------| | | | Philip Morris International Inc. | | Glossary of Key Terms, Definitions and Explanatory Notes; and | | Select Financial Information and Reconciliations of Non-GAAP Financial Measures | | 2024 Third-Quarter Results October 22, 2024 | | 1 | Glossary of Key Terms, Definitions and Explanatory Notes 2 General • "PMI" refers to Philip Morris International Inc. and its subsidiaries. Trademarks and service ...

Since I last wrote about the tobacco giant Philip Morris (NYSE: PM ) in August, its price hasn't budged. This isn't a surprise, though. Even at the time, its forward non-GAAP price-to-earnings (P/E) ratio was high, indicating the risk associated with a short-term investment in the stock.Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational ...

Philip Morris International Inc. (PM) is likely to register top and bottom-line growth when it reports third-quarter 2024 earnings on Oct. 22. The Zacks Consensus Estimate for net sales is pegged at $9.57 billion, suggesting an increase of 4.7% from the prior-year quarter’s reported figure. The consensus mark for third-quarter earnings has remained unchanged in the past 30 days at $1.83 per share, indicating a rise of 9.6% from the figure reported in the year-ago quarter. PM has a trailing four-quarter earn ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...

The upcoming report from Philip Morris (PM) is expected to reveal quarterly earnings of $1.83 per share, indicating an increase of 9.6% compared to the year-ago period. Analysts forecast revenues of $9.57 billion, representing an increase of 4.7% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earnings, it is vi ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The content in this article is for informational, educational, and entertainment purposes only. This ...

Since the last time I covered Philip Morris International (NYSE: PM ), its stock price has increased by 9.9%, constituting a total return of 11.2%. I indicated then that I didn't have a position in PM butWelcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial foundation through dividend investing. I believe it’s one of the most accessible paths to ach ...

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Philip Morris (PM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Staples peers, we might be able to answer that question.Philip Morris is a member of the Consumer Staples sector. This group includes 184 indiv ...

Tobacco giant Philip Morris International Inc. PM invested $232 million to expand its Kentucky facility. Goldman Sachs analyst Bonnie Herzog expects the Marlboro parent company to report strong results for its fiscal third quarter on Oct. 22.Herzog reiterated a Buy rating and raised the price target from $126 to $140.The Philip Morris International Thesis: The cigarette producer is likely to "comfortably reach" a 10% share of the U.S. combustible and heat-not-burn market by around 2030, Herzog wrote in a no ...