Advertisement
Singapore markets closed

  • Straits Times Index

    3,410.81
    -29.07 (-0.85%)
     

  • Nikkei

    40,912.37
    -1.28 (-0.00%)
     

  • Hang Seng

    17,799.61
    -228.67 (-1.27%)
     

  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     

  • Bitcoin USD

    56,588.14
    +2,432.37 (+4.49%)
     

  • CMC Crypto 200

    1,178.57
    -30.12 (-2.49%)
     

  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     

  • Dow

    39,375.87
    +67.87 (+0.17%)
     

  • Nasdaq

    18,352.76
    +164.46 (+0.90%)
     

  • Gold

    2,399.80
    +30.40 (+1.28%)
     

  • Crude Oil

    83.44
    -0.44 (-0.52%)
     

  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     

  • FTSE Bursa Malaysia

    1,611.02
    -5.73 (-0.35%)
     

  • Jakarta Composite Index

    7,253.37
    +32.48 (+0.45%)
     

  • PSE Index

    6,492.75
    -14.74 (-0.23%)
     

Compared to Estimates, Philip Morris (PM) Q4 Earnings: A Look at Key Metrics

Zacks Equity Research
·3-min read

For the quarter ended December 2023, Philip Morris (PM) reported revenue of $9.05 billion, up 11% over the same period last year. EPS came in at $1.36, compared to $1.39 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $8.96 billion, representing a surprise of +0.98%. The company delivered an EPS surprise of -5.56%, with the consensus EPS estimate being $1.44.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how Philip Morris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Shipment Volume - PMI Cigarettes and HTUs - Heated Tobacco Units: 33.97 billion versus 35.32 billion estimated by four analysts on average.

  • Shipment Volume - Europe - Cigarette: 39.33 billion compared to the 38.08 billion average estimate based on three analysts.

  • Cigarettes and Heated Tobacco Units Volume - Europe: 53.64 billion versus 53.25 billion estimated by three analysts on average.

  • Cigarettes and Heated Tobacco Units Volume - Americas: 17.67 billion versus 18.38 billion estimated by three analysts on average.

  • Net Revenues by Geography- SSEA, CIS & MEA: $2.71 billion versus $2.69 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +193% change.

  • Net Revenues by Geography- Europe: $3.61 billion versus the four-analyst average estimate of $3.47 billion. The reported number represents a year-over-year change of +25.1%.

  • Net Revenues by Geography- Swedish Match: $682 million versus the four-analyst average estimate of $598.36 million.

  • Net Revenues by Geography- Americas: $545 million versus the four-analyst average estimate of $558.15 million. The reported number represents a year-over-year change of +1.7%.

  • Net Revenues by Geography- EA, AU & PMI DF: $1.43 billion versus $1.53 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.

  • Net Revenues- Wellness and Healthcare: $69 million versus $70.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.

  • Net Revenues- Total combustible Tobacco: $5.49 billion versus $5.44 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.

  • Net Revenues- Total Smoke-free excl. W&H: $3.49 billion versus the three-analyst average estimate of $3.43 billion. The reported number represents a year-over-year change of +21.7%.

View all Key Company Metrics for Philip Morris here>>>

Shares of Philip Morris have returned -3.2% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Philip Morris International Inc. (PM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research