Earnings Alerts

Philip Morris International (PM) Earnings: Reaffirms Strong FY Adjusted EPS Outlook

By September 3, 2024 No Comments
  • Philip Morris maintains its full-year forecast for adjusted EPS between $6.33 and $6.45.
  • The current market estimate for adjusted EPS is $6.40.
  • The company reaffirms its 2024 full-year forecast for reported diluted EPS to be in the range of $5.89 to $6.01.
  • This forecast represents a currency-neutral growth of 11% to 13%.
  • Philip Morris has 13 buy ratings, 3 hold ratings, and 2 sell ratings.

Philip Morris International on Smartkarma

On Smartkarma, a platform for independent investment research, analysts from Baptista Research have been closely monitoring Philip Morris International. In their report titled “Philip Morris International‘s Smoke-Free Product Growth: IQOS and ZYN Leading the Charge! – Major Drivers,” the analysts highlight PMI’s strong performance driven by its shift towards smoke-free products. The company’s recent earnings report showcases impressive growth, especially in segments like IQOS and ZYN, which are gaining global traction. Despite its success, PMI faces challenges such as regulatory hurdles in Europe and supply chain constraints that may impact its growth trajectory.

In another analysis by Baptista Research, titled “Philip Morris International Inc.: Is The Focus on Smoke-Free Product Portfolio Paying Off? – Major Drivers,” the analysts delve into PMI’s 2024 first-quarter results, revealing notable increases in revenue and operating income. This growth is attributed to strong volume growth and effective operational execution in both traditional combustible products and newer smoke-free alternatives. Baptista Research conducts an evaluation of factors influencing the company’s future stock price and employs a Discounted Cash Flow methodology for an independent valuation of Philip Morris International.


A look at Philip Morris International Smart Scores

FactorScoreMagnitude
Value0
Dividend4
Growth3
Resilience5
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have reviewed Philip Morris International utilizing their Smart Scores across various factors. The company has received strong scores in areas crucial for long-term success. With a high Resilience score of 5, Philip Morris International demonstrates a robust ability to weather economic uncertainties and market fluctuations. This indicates a stable foundation for the company’s future growth and sustainability. Moreover, the Momentum score of 5 suggests that Philip Morris International has strong upward momentum, potentially indicating positive market sentiment and performance.

Additionally, the company scored well in Dividend with a score of 4, highlighting its commitment to rewarding shareholders through dividend payouts. Combined with a Growth score of 3, Philip Morris International shows promising signs of potential expansion and development in the future. Even though the Value score is 0, the overall outlook for Philip Morris International appears positive, underpinned by its strong performance across other critical factors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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