What's Next: Philip Morris Intl's Earnings Preview

Philip Morris Intl PM is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Philip Morris Intl to report an earnings per share (EPS) of $1.82.

Philip Morris Intl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.02, leading to a 1.72% increase in the share price on the subsequent day.

Here's a look at Philip Morris Intl's past performance and the resulting price change:

Market Performance of Philip Morris Intl's Stock

Shares of Philip Morris Intl were trading at $120.21 as of October 18. Over the last 52-week period, shares are up 32.17%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Philip Morris Intl visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.