Philip Morris International Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Philip Morris International (NYSE:PM) will unveil its latest earnings on Thursday, October 20, 2011. Philip Morris International 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 Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.23 per share, a rise of 23% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.24. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $4.73 per share, a rise of 22.2% from last year.

Past Earnings Performance: Last quarter, the company reported profit of $1.34 per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $7.57 billion in revenue this quarter, a rise of 14.5% from the year ago quarter. Analysts are forecasting total revenue of $30.08 billion for the year, a rise of 10.5% from last year’s revenue of $27.21 billion.

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

A Look Back: In the second quarter, profit rose 21.5% to $2.41 billion ($1.35 a share) from $1.98 billion ($1.07 a share) the year earlier, exceeding analyst expectations. Revenue rose 17.2% to $8.27 billion from $7.06 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 12.7% in the first quarter and 15.1% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 4.5% in the first quarter from the year earlier, climbed 4.8% in the fourth quarter of the last fiscal year from the year-ago quarter and 0.4% in the third 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 21, 2011 to October 14, 2011, the stock price had fallen $3.24 (-4.6%) from $70.64 to $67.40. 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% (+$3.02) over that span. It saw one of its worst periods between August 29, 2011 and September 6, 2011 when shares fell for six-straight days, falling 3.8% (-$2.65) over that span. Shares are up $10.68 (+18.8%) year to date.

(Source: Xignite Financials)

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