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Philip Morris (PM) Gains As Market Dips: What You Should Know
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Philip Morris (PM - Free Report) closed the most recent trading day at $98.97, moving +0.48% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.38%. Meanwhile, the Dow lost 0.5%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Heading into today, shares of the seller of Marlboro and other cigarette brands had lost 7% over the past month, lagging the Consumer Staples sector's loss of 6.88% and the S&P 500's loss of 6.69% in that time.
Wall Street will be looking for positivity from Philip Morris as it approaches its next earnings report date. This is expected to be July 21, 2022. The company is expected to report EPS of $1.22, down 22.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.48 billion, down 14.64% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.50 per share and revenue of $28.98 billion, which would represent changes of -9.54% and -7.72%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Philip Morris. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.53% lower. Philip Morris is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Philip Morris's current valuation metrics, including its Forward P/E ratio of 17.91. This represents a premium compared to its industry's average Forward P/E of 9.4.
It is also worth noting that PM currently has a PEG ratio of 3.49. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Tobacco was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Philip Morris (PM) Gains As Market Dips: What You Should Know
Philip Morris (PM - Free Report) closed the most recent trading day at $98.97, moving +0.48% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.38%. Meanwhile, the Dow lost 0.5%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Heading into today, shares of the seller of Marlboro and other cigarette brands had lost 7% over the past month, lagging the Consumer Staples sector's loss of 6.88% and the S&P 500's loss of 6.69% in that time.
Wall Street will be looking for positivity from Philip Morris as it approaches its next earnings report date. This is expected to be July 21, 2022. The company is expected to report EPS of $1.22, down 22.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.48 billion, down 14.64% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.50 per share and revenue of $28.98 billion, which would represent changes of -9.54% and -7.72%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Philip Morris. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.53% lower. Philip Morris is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Philip Morris's current valuation metrics, including its Forward P/E ratio of 17.91. This represents a premium compared to its industry's average Forward P/E of 9.4.
It is also worth noting that PM currently has a PEG ratio of 3.49. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Tobacco was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.