Altria Group, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Altria Group, Inc. (NYSE:MO) will unveil its latest earnings on Wednesday, July 20, 2011. Altria Group Inc. manufactures and sells cigarettes and tobacco products as well as maintaining a portfolio of leveraged and direct finance leases.

Altria Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 54 cents per share, a rise of 8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of $2.04 per share, a rise of 7.4% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 44 cents per share versus a mean estimate of net income of 44 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 0 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $4.45 billion in revenue this quarter, a rise of 2.5% from the year ago quarter. Analysts are forecasting total revenue of $17.16 billion for the year, a rise of 1.6% from last year’s revenue of $16.89 billion.

Analyst Ratings: Analysts seem relatively indifferent about Altria Group with eight of 11 analysts surveyed maintaining a hold rating.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 15.3% while it rose 26.8% in the fourth quarter of the last fiscal year and 28.2% in the third quarter of the last fiscal year.

Revenue fell in the first quarter after seeing a rise the quarter before. Revenue dropped 0.2% to $3.94 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue rose 1%.

Competitors to Watch: Reynolds American, Inc. (NYSE:RAI), Lorillard Inc. (NYSE:LO), Philip Morris Intl. Inc. (NYSE:PM), Vector Group Ltd. (NYSE:VGR), Star Scientific, Inc. (NASDAQ:CIGX), Imperial Tobacco Group PLC (ITYBY), British American Tobacco (AMEX:BTI), Alliance One Intl., Inc. (NYSE:AOI), and Universal Corporation (NYSE:UVV).

Stock Price Performance: During April 18, 2011 to July 14, 2011, the stock price had risen 67 cents (2.6%) from $26.18 to $26.85. The stock price saw one of its best stretches over the last year between August 31, 2010 and September 15, 2010 when shares rose for 11-straight days, rising 7.8% (+$1.64) over that span. It saw one of its worst periods between June 20, 2011 and June 29, 2011 when shares fell for eight-straight days, falling 4.5% (-$1.22) over that span. Shares are up $2.94 (+12.3%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!