Philip Morris International Inc. (PM) Poised for Earnings Beat

Stock Market04/23/2024Mr. SmithMr. Smith
PM
Philip Morris International Inc.

Investors are keenly watching Philip Morris International Inc. (PM) as the company approaches its upcoming earnings announcement. Analysts' recent activities and estimates suggest a potential for positive surprises.

Analyst Insights

Philip Morris International has witnessed favorable earnings estimate revisions, signaling optimism among analysts. The Most Accurate Estimate for the current quarter stands at $1.46 per share, higher than the Zacks Consensus Estimate of $1.41 per share, indicating a positive trend for PM.

Earnings ESP and Market Performance

The Zacks Earnings ESP for PM stands at +3.75%, further bolstering expectations of a favorable earnings outcome. Stocks with a positive Earnings ESP and a Zacks Rank #3 (Hold) or better have historically shown a tendency to outperform the market and deliver positive surprises.

With PM holding a Zacks Rank #3 and a positive Earnings ESP, investors may find it worthwhile to consider this stock before the earnings announcement. Analysts' revised estimates and positive indicators suggest a potential beat in the upcoming report.

Explore additional insights on related topics:

For You
Trending