Is Philip Morris (PM) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Viewpoint - Growth investors are attracted to stocks with above-average financial growth, but identifying such stocks can be challenging due to associated risks and volatility [1] Group 1: Company Overview - Philip Morris (PM) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 4%, but projected EPS growth for this year is expected to be 10.7%, surpassing the industry average of 10.6% [5] Group 2: Financial Metrics - Earnings growth is crucial for attracting investor attention, with double-digit growth being particularly favorable [4] - Philip Morris has a year-over-year cash flow growth of 5.5%, significantly higher than the industry average of 0.3% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 5.9%, compared to the industry average of 4.6% [7] Group 3: Earnings Estimates - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [8] - The current-year earnings estimates for Philip Morris have increased by 4.6% over the past month [9] Group 4: Investment Potential - Philip Morris has earned a Growth Score of B and a Zacks Rank 2 due to positive earnings estimate revisions, indicating potential for outperformance and suitability for growth investors [11]