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Here's Why Philip Morris (PM) is a Strong Growth Stock

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

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Philip Morris (PM)

Philip Morris International is progressing well with its business transformation in the face of consumers rising health consciousness and stern regulations to dissuade smoking. To this end, the tobacco giant has been expanding in the reduced risk products (RRPs) or smoke-free products category, evident from the launch of IQOS (a heating tobacco device) that counts amongst one of the leading RRPs in the industry.

PM sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 3.9% and 12.7% year-over-year, respectively.

Five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $6.21 per share for 2023. PM boasts an average earnings surprise of 7.6%.

Looking at cash flow, Philip Morris is expected to report cash flow growth of 0% this year; PM has generated cash flow growth of 4.2% over the past three to five years.

Investors should take the time to consider PM for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

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

To read this article on Zacks.com click here.

Zacks Investment Research