Summary:
- Philip Morris (PM, Financial) is poised for a strong second-quarter financial performance.
- Analysts predict a continued leadership position in heated tobacco and oral nicotine sectors.
- The average analyst price target suggests a modest upside from the current stock price.
Philip Morris: Projected Earnings and Revenue Growth
Investors keen on Philip Morris (NYSE: PM) should gear up for the company’s upcoming financial report. Analysts are forecasting a robust second-quarter earnings per share (EPS) of $1.86, marking a significant 17% year-over-year increase. Additionally, the company's revenue is expected to climb 9.1%, reaching a substantial $10.33 billion. This growth aligns with Philip Morris' strategic focus on dominating the heated tobacco and oral nicotine markets, with experts predicting ongoing expansion in earnings before interest and taxes (EBIT).
Wall Street Analysts' Forecasts and Price Targets
Delving into the expectations of Wall Street analysts, the consensus reveals an average one-year price target of $185.43 for Philip Morris International Inc (PM, Financial). The range spans from a high of $225.00 to a low of $143.45. Currently traded at $180.59, this average target indicates a potential upside of 2.68%. Comprehensive data on these estimates can be accessed on the Philip Morris International Inc (PM) Forecast page.
Analyst Recommendations and GF Value Insights
The consensus from 18 brokerage firms positions Philip Morris International Inc as an "Outperform," with an average brokerage recommendation score of 2.1 on a scale where 1 is a Strong Buy and 5 is Sell. This reflects confidence in the company's strategies and market positioning.
Contrastingly, GuruFocus presents a more cautious perspective with its estimated GF Value for PM, projected at $130.99 within the next year. This suggests a potential downside of 27.47% from its current trading price of $180.59. The GF Value metric considers historical trading multiples, past business growth, and projected future performance. For further insights, please visit the Philip Morris International Inc (PM, Financial) Summary page.
