Philip Morris (PM) To Report Earnings Tomorrow: Here Is What To Expect

Published 3 weeks ago Positive
Philip Morris (PM) To Report Earnings Tomorrow: Here Is What To Expect
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Tobacco company Philip Morris International (NYSE:PM) will be reporting earnings this Tuesday before the bell. Here’s what investors should know.

Philip Morris missed analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $10.14 billion, up 7.1% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a slight miss of analysts’ revenue estimates.

Is Philip Morris a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Philip Morris’s revenue to grow 7.3% year on year to $10.64 billion, slowing from the 8.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.10 per share.Philip Morris Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Philip Morris has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Philip Morris’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Tilray delivered year-on-year revenue growth of 4.7%, beating analysts’ expectations by 2.7%, and Constellation Brands reported a revenue decline of 15%, topping estimates by 0.5%. Tilray’s stock price was unchanged after the resultswhile Constellation Brands was up 1%.

Read our full analysis of Tilray’s results here and Constellation Brands’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer staples stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Philip Morris is down 3.1% during the same time and is heading into earnings with an average analyst price target of $188.31 (compared to the current share price of $157).

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