Philip Morris International Inc. (PM) posted strong second-quarter 2024 results, with the top and bottom lines exceeding the Zacks Consensus Estimate and revenues increasing year over year. While the bottom line dipped marginally, it showed double-digit growth, excluding currency headwinds. Philip Morris continues to benefit from solid pricing and success in its smoke-free business, especially IQOS and ZYN. This Zacks Rank #2 (Buy) company expects to witness a robust second-half performance and raise its fu ...

Philip Morris International Inc. (NYSE:PM) Q2 2024 Results Conference Call July 23, 2024 9:00 AM ET Company Participants James Bushnell - VP, IR, and Financial Communications Emmanuel Babeau - Chief Financial Officer Conference Call Participants Gaurav Jain - Barclays Bonnie Herzog - Goldman Sachs Matt Smith - Stifel Faham Baig - UBS Owen Bennett - Jefferies Callum Elliott - Bernstein Priya Ohri-Gupta - Barclays Operator Good day, and thank you for standing by. Welcome to the Philip Morris International Inc ...

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Philip Morris is one of 185 companies in the Consumer Staples ...

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 ...

Philip Morris International Inc. (PM) is likely to register a top-line increase when it reports second-quarter 2024 earnings on Jul 23. The Zacks Consensus Estimate for revenues is pegged at $9.13 billion, which indicates a 1.8% increase from the year-ago period.However, the bottom line is likely to have declined year over year. The consensus mark for quarterly earnings has decreased by 1.3% in the past 30 days to $1.55 per share. This indicates a drop of 3.1% from the year-ago quarter’s reported figure. Th ...

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 ...