Philip Morris International Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Philip Morris International Inc. (NYSE:PM) will unveil its latest earnings on Thursday, July 21, 2011. Philip Morris International, Inc. is the holding company whose subsidiaries and affiliates manufacture and sell cigarettes and other tobacco products in markets outside the U.S.

Philip Morris International Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.21 per share, a rise of 21% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.17. For the year, analysts are projecting profit of $4.62 per share, a rise of 19.4% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of $1.06 per share against the mean estimate of $1.04. In the prior quarter, the company reported profit of 97 cents.

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Wall St. Revenue Expectations: On average, analysts predict $7.8 billion in revenue this quarter, a rise of 10.5% from the year ago quarter. Analysts are forecasting total revenue of $29.73 billion for the year, a rise of 9.3% from last year’s revenue of $27.21 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 12.7% while it rose 15.1% in the fourth quarter of the last fiscal year and 1.3% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 4.5% to $6.79 billion in first quarter. The figure rose 4.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 0.4% in the third quarter of the last fiscal year from the year-ago quarter and 15.1% in the second quarter of the last fiscal year.

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

Stock Price Performance: During July 11, 2011 to July 15, 2011, the stock price had dropped $1.75 (-2.5%) from $68.68 to $66.93. The stock price saw one of its best stretches over the last year between February 10, 2011 and February 24, 2011 when shares rose for 10-straight days, rising 5.3% (+$3.06) over that span. It saw one of its worst periods between May 31, 2011 and June 7, 2011 when shares fell for six-straight days, falling 5.5% (-$3.91) over that span. Shares are up $9.53 (+16.6%) year to date.

(Source: Xignite Financials)

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