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Altria Group (MO) Lags Q1 Earnings & Revenue Estimates
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Altria Group Inc. (MO - Free Report) is one of the leading manufacturers of cigarettes and smokeless tobacco products in the U.S.
Altria has been reporting upbeat earnings results since the last four consecutive quarters, on the back of company’s strong brand portfolio, shift to low-risk, smokeless tobacco products and strong pricing. The company’s flagship brand Marlboro has been performing well and have boosted market share of the company. Further, the recent takeover of SABMiller by Anheuser-Busch InBev's helped Altria maximize the value of its SABMiller investment. However, we believe strict anti-smoking regulations in the form of restrictions on packaging and high excise duties along with declining cigarette volumes remain major headwinds.
Investors should also note that MO has been witnessing slight downward estimate revisions during the past 30 days. However, MO has an impressive history when it comes to recent earnings reports as the company posted positive surprises in all the last four quarters, with an average positive surprise of 2.46%.
Currently, MO has a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank stocks here. The Zacks Rank could change following Altria’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MO lags on earnings. Our consensus called for EPS of 74 cents, and the company posted adjusted EPS of 73 cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: MO posted revenues of $4.589 billion, marginally missing our consensus estimate of $4.685 billion.
Key Stats to Note: Altria Group reaffirms its 2017 full-year adjusted diluted EPS in a range of $3.26 to $3.32, up 7.5% to 9.5% from $3.03 in 2016. Further, it expects higher adjusted diluted EPS growth in the second half of the year compared to the first half.
Stock Price: Shares were down 1.2% in pre-market trading.
Check back later for our full write up on this MO earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Altria Group (MO) Lags Q1 Earnings & Revenue Estimates
Altria Group Inc. (MO - Free Report) is one of the leading manufacturers of cigarettes and smokeless tobacco products in the U.S.
Altria has been reporting upbeat earnings results since the last four consecutive quarters, on the back of company’s strong brand portfolio, shift to low-risk, smokeless tobacco products and strong pricing. The company’s flagship brand Marlboro has been performing well and have boosted market share of the company. Further, the recent takeover of SABMiller by Anheuser-Busch InBev's helped Altria maximize the value of its SABMiller investment. However, we believe strict anti-smoking regulations in the form of restrictions on packaging and high excise duties along with declining cigarette volumes remain major headwinds.
Investors should also note that MO has been witnessing slight downward estimate revisions during the past 30 days. However, MO has an impressive history when it comes to recent earnings reports as the company posted positive surprises in all the last four quarters, with an average positive surprise of 2.46%.
Currently, MO has a Zacks Rank #3 (Hold). You can seethe complete list of today’s Zacks #1 Rank stocks here. The Zacks Rank could change following Altria’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MO lags on earnings. Our consensus called for EPS of 74 cents, and the company posted adjusted EPS of 73 cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: MO posted revenues of $4.589 billion, marginally missing our consensus estimate of $4.685 billion.
Key Stats to Note: Altria Group reaffirms its 2017 full-year adjusted diluted EPS in a range of $3.26 to $3.32, up 7.5% to 9.5% from $3.03 in 2016. Further, it expects higher adjusted diluted EPS growth in the second half of the year compared to the first half.
Stock Price: Shares were down 1.2% in pre-market trading.
Check back later for our full write up on this MO earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>