Philip Morris (PM) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Philip Morris reported revenue of $9.71 billion for the quarter ended December 2024, reflecting a 7.3% increase year-over-year and a surprise of +3.67% over the Zacks Consensus Estimate of $9.36 billion [1] - The earnings per share (EPS) was $1.55, up from $1.36 in the same quarter last year, with an EPS surprise of +2.65% compared to the consensus estimate of $1.51 [1] Financial Performance Metrics - Shipment Volume for PMI Cigarettes and Heated Tobacco Units (HTUs) was 35.72 billion, slightly below the average estimate of 36.16 billion [4] - In Europe, the shipment volume for cigarettes was 38.39 billion, exceeding the estimate of 38.21 billion [4] - Total net revenues by geography showed significant growth, with Europe at $4.06 billion (+12.2% year-over-year), Americas at $1.26 billion (+131.4% year-over-year), and SSEA, CIS & MEA at $2.87 billion (+6% year-over-year) [4] - Net revenues from smoke-free products excluding Wellness and Healthcare reached $410 million, a +9.6% increase year-over-year, while revenues from Wellness and Healthcare were $87 million, up +26.1% year-over-year [4] - Total combustible tobacco revenues were $5.82 billion, reflecting a +6% year-over-year change, while total smoke-free revenues excluding Wellness and Healthcare were $3.80 billion, showing an +8.9% year-over-year change [4] Stock Performance - Philip Morris shares have returned +7.5% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]