Philip Morris (PM) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.58%. A quarter ago, it was expected that this seller of Marlboro and other cigarette brands would post earnings of $1.41 per share when it actually produced earnings of $1.50, delivering a surprise of 6.38%.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 Second-Quarter Results July 23, 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 marks that are the registered property of, or licensed by, the subsidiaries of PMI, are italicized. • Comparisons are ...

Urupong Investment Thesis For transparency, I own a certain stake in Altria Group (MO), which I often refer to within this analysis. I am a happy holder. Currently, I am not selling or buying. On the other hand, I don't own Philip Morris International (NYSE:PM), but after reviewing its business, I consider adding it to my portfolio, even though its valuation multiple significantly exceeds MO's multiple. Considering PM's: impressive and ongoing progress towards the non-smokeable product portfolio decent ...

MADRID, SPAIN - 2023/10/24: Pedestrians walk past the heated tobacco and electronic cigarette ... [+] products brand and manufactured by Philip Morris International (PMI), IQOS, seen in Madrid. (Photo by Xavi Lopez/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesPhilip Morris (NYSE: PM) is scheduled to report its Q2 2024 results on Tuesday, July 23. We expect the company to post revenue and earnings marginally below the consensus estimates. We expect the company to garner $9 ...

The company's No. 1 ambition has met with very determined resistance from a clutch of advocacy organizations.For the most part, a new product or service rolled out by a big company is met with interest or excitement, not revulsion and resistance. This does not apply to the tobacco industry, however; anti-smoking sentiment remains strong, and many people feel that the last thing consumers need is another product in this category.So it was entirely expected that there would be some institutional-level pushbac ...

Core Insights - Philip Morris International Inc. (PM) is expected to report a revenue increase of 1.8% year-over-year for Q2 2024, with estimates at $9.13 billion, while earnings per share are projected to decline by 3.1% to $1.55 [1] Group 1: Revenue and Earnings Expectations - The Zacks Consensus Estimate for PM's revenues is $9.13 billion, indicating a 1.8% increase from the previous year [1] - The consensus estimate for quarterly earnings has decreased by 1.3% in the past 30 days, suggesting a drop of 3.1% from the year-ago quarter [1] Group 2: Strategic Focus and Product Performance - PM is benefiting from a focus on smoke-free products, which accounted for 39% of net revenues in Q1 2024, driven by strong performance in IQOS and ZYN [2] - The company aims to support IQOS's success through continuous innovation and user growth, particularly with the rollout of ILUMA [2] Group 3: Growth Initiatives and Cost Pressures - PM's second priority is to enhance ZYN's growth in the U.S. through strategic investments and capacity expansion [3] - The company faces ongoing cost pressures, particularly in leaf, wages, and other inputs, which may impact profits in Q2 2024 [3] Group 4: Earnings Prediction Model - The Zacks model indicates a potential earnings beat for PM, supported by a positive Earnings ESP of +1.42% and a Zacks Rank of 2 (Buy) [4]

Philip Morris International Inc. (NYSE:PM) stock was last seen up 1.5% to trade at $107.66, ahead of the tobacco giant's second-quarter earnings report, due out before the open on Tuesday, July 26. Plus, the company announced yesterday it will invest $600 million to open a manufacturing facility in Colorado to produce its Zyn nicotine pouches.PM earlier surged to a two-year high of $108.07, after bouncing off support at the $101 region and the 40-day moving average earlier this month. Now on track for its f ...

Core Viewpoint - Philip Morris International Inc. is advancing towards a smoke-free future with a $600 million investment in a new manufacturing facility in Aurora, CO, aimed at producing ZYN nicotine pouches to meet growing global demand for smoke-free products [1] Group 1: Investment and Economic Impact - The Aurora facility's construction is expected to create nearly 5,000 jobs and contribute approximately $1 billion to the economy [1] - The facility's preliminary operations are likely to begin by the end of 2025, with full-scale production expected to start in 2026 [1] Group 2: Market Expansion and Growth Strategy - Philip Morris is expanding its production capacity to align with the shift in consumer preferences towards healthier alternatives, particularly in the smoke-free product segment [2] - The company aims to serve increasing domestic and international demand for ZYN nicotine pouches, which can fuel revenue growth and diversify income streams [2] Group 3: Historical Investment and Strategic Positioning - Since 2008, Philip Morris has invested $12.5 billion globally in smoke-free products, reflecting its focus on innovation and market leadership [3] - The acquisition of Swedish Match in late 2022 enhances Philip Morris' market presence and brand recognition, positioning it for growth [3] Group 4: Revenue Performance and Future Goals - Smoke-free products generated 39% of the company's net revenues in Q1 2024, with revenues from this segment surging 21.1% [6] - The company aims to generate more than two-thirds of its total revenues from smoke-free products by 2030, indicating potential revenue growth and a strengthened competitive position [7]

Wall Street expects a year-over-year decline in earnings on higher revenues when Philip Morris (PM) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expectat ...

Philip Morris International Inc. (PM) stands strong in the tobacco space due to its efforts to revolutionize products as per the evolving consumer patterns. Given consumers’ rising health consciousness, the company is progressing well with its business transformation, with smoke-free products generating 39% of its net revenues in the first quarter of 2024.Strong pricing and a focus on strategic priorities are working well for this tobacco giant amid elevated costs and volatile currency movements.Smoke-Free ...