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Philip Morris (PM) Gains As Market Dips: What You Should Know

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Philip Morris (PM) closed the most recent trading day at $98.27, moving +0.06% from the previous trading session. The stock outpaced the S&P 500's daily loss of 3.25%. Meanwhile, the Dow lost 2.42%, and the Nasdaq, a tech-heavy index, lost 0.48%.

Coming into today, shares of the seller of Marlboro and other cigarette brands had lost 7.51% in the past month. In that same time, the Consumer Staples sector lost 7.55%, while the S&P 500 lost 5.62%.

Wall Street will be looking for positivity from Philip Morris as it approaches its next earnings report date. This is expected to be July 21, 2022. The company is expected to report EPS of $1.22, down 22.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $6.5 billion, down 14.45% from the prior-year quarter.

PM's full-year Zacks Consensus Estimates are calling for earnings of $5.53 per share and revenue of $28.99 billion. These results would represent year-over-year changes of -9.05% and -7.68%, respectively.

Any recent changes to analyst estimates for Philip Morris should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. Philip Morris is currently sporting a Zacks Rank of #4 (Sell).

Looking at its valuation, Philip Morris is holding a Forward P/E ratio of 17.76. This represents a premium compared to its industry's average Forward P/E of 9.49.

It is also worth noting that PM currently has a PEG ratio of 3.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. PM's industry had an average PEG ratio of 1.65 as of yesterday's close.

The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 33% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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