Philip Morris (PM) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - The market anticipates Philip Morris (PM) will report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus EPS estimate for Philip Morris is $1.51 per share, reflecting an 11$9.36 billion, a 3.5% increase from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 2.03%, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Philip Morris is lower than the consensus estimate, resulting in an Earnings ESP of -0.61%, complicating predictions for an earnings beat [10][11]. Historical Performance - In the last reported quarter, Philip Morris exceeded the expected earnings of $1.83 per share by delivering$1.91, resulting in a surprise of +4.37%. Over the last four quarters, the company has beaten consensus EPS estimates three times [12][13]. Market Reaction Factors - An earnings beat or miss may not solely dictate stock price movement, as other factors can influence investor sentiment. Stocks may decline despite an earnings beat or rise despite a miss [14][16]. Investment Considerations - While Philip Morris does not currently appear to be a strong candidate for an earnings beat, investors should consider other factors before making investment decisions [16].