PMI-Philip Morris (PM) Beats Q4 Earnings and Revenue Estimates

Core Insights - Philip Morris reported quarterly earnings of $1.55 per share, exceeding the Zacks Consensus Estimate of$ 1.51 per share, and up from $1.36 per share a year ago, representing an earnings surprise of 2.65% [1] - The company achieved revenues of$ 9.71 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.67% and increasing from $9.05 billion year-over-year [2] - Philip Morris shares have increased approximately 8.8% year-to-date, outperforming the S&P 500's gain of 3.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 1.60 on revenues of $8.9 billion, and for the current fiscal year, it is$ 7.04 on revenues of $39.34 billion [7] - The estimate revisions trend for Philip Morris is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Tobacco industry is currently ranked in the top 21% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Turning Point Brands, another company in the Tobacco industry, is expected to report quarterly earnings of$ 0.65 per share, reflecting a year-over-year decline of 17.7% [9]