Philip Morris International Earnings Preview: Get Ahead of the Analysts
Philip Morris International (NYSE:PM) will report earnings before markets open on Thursday, July 18th. Philip Morris International Inc., through its subsidiaries, affiliates and their licensees, produces, sells, distributes, and markets a wide range of branded cigarettes and tobacco products in markets outside of the United States of America. The Company’s portfolio comprises both international and local brands.
Here is your Cheat Sheet to Philip Morris International Earnings:
Earnings Expectations: Analysts expect earnings of $1.41 per share on revenues of $8.20 billion. Currently, the company’s P/E ratio stands at 17.37.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.54 to a profit $1.49. For the current year, the average estimate is a profit of $5.57, which is worse than the estimate ninety days ago.
Here’s how Philip Morris International has been performing on an annual basis:
|Revenue ($) in millions||63,640||62,080||67,713||76,346||77,393|
|Diluted EPS ($)||3.32||3.24||3.92||4.85||5.17|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||20,037.00||19,592.00||19,742.00||18,527.00|
|Diluted EPS ($)||1.36||1.32||1.25||1.28|
Philip Morris International has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)