Stock Performance Update
Philip Morris (PM) closed the latest trading session at $91.56, showcasing a resilient +0.41% bounce from the previous day. This surge left the S&P 500 in its shadow, gaining merely 0.04%. Meanwhile, the Dow rejoiced with a 0.16% climb, but the Nasdaq seemed out of breath, shedding 0.28%.
Monthly Performance Comparison
In the past month, PM shares have dipped by a mere 0.02%, trailing behind the Consumer Staples sector’s ascent of 3.75% and the S&P 500’s hike of 5.01%. The investment community now anxiously awaits Philip Morris’ upcoming earnings report.
Earnings Projections and Outlook
With a projected EPS of $1.40 for the upcoming quarter, signifying a 1.45% year-over-year increase, investors are on the edge of their seats. The consensus estimate is anticipating a revenue of $8.38 billion, marking a robust 3.5% surge from the same quarter last year.
Analyst Forecasts and Estimates Impact
Analysts’ outlook on Philip Morris is crucial, with upbeat changes in estimates often signaling a bright future for the company. Recent modifications in forecasts can directly affect share price momentum, providing a valuable insight into the business’s health and profitability.
Valuation and Comparative Analysis
Trading with a Forward P/E ratio of 14.25, Philip Morris presents a premium relative to the industry average of 8.07. Furthermore, the company’s PEG ratio of 2.05, compared to an industry average of 1.66, showcases its growth potential.
Industry Strength and Implications
Belonging to the Consumer Staples sector alongside the Tobacco industry, Philip Morris resides in an industry with a Zacks Industry Rank of 104, positioning it in the top 42% of over 250 industries. The industry’s strength bodes well for Philip Morris’ future prospects.
Insightful Investment Tools
Investors are encouraged to use Zacks.com for tracking crucial stock metrics and closely monitor upcoming trading sessions for potential investment opportunities.
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