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.
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