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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Philip Morris International has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Philip Morris International has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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