
What to Expect When Philip Morris (PM) Reports Q2 Earnings Tuesday
NEW YORK (TheStreet) -- Shares of Philip Morris (PM) - Get Report are up by 0.48% to $103.69 on Friday afternoon, even though the company is expected to report a decline in its fiscal 2016 second quarter earnings and revenue on Tuesday, before the market open.
Analysts surveyed by Thomas Reuters are expecting earnings of $1.20 per share on revenue of $6.77 billion for the second quarter. A year ago the company reported earnings of $1.21 per share on revenue of $6.9 million for the same quarter.
Philip Morris will beat estimates as a result of "improved volumes, positive pricing, a strong brand portfolio and product innovation," Zacks Investment Research reported.
Philip Morris is a New York-based cigarette and tobacco products company that recently started marketing e-cigarettes, as well as the iQOS, a reduced risk tobacco product.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate PHILIP MORRIS INTERNATIONAL as a Hold with a ratings score of C+. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share.
You can view the full analysis from the report here: PM
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