Turning Point Brands (TPB) experienced a 5.1% increase in share price during the last trading session, closing at $78.39, supported by significantly higher trading volume. This surge contrasts with a 1.4% decline over the past four weeks, fueled by optimism around growth in the modern oral segment and nicotine pouch sales.
The company is projected to report quarterly earnings of $0.79 per share, reflecting an 11.2% year-over-year decrease, with revenues expected to reach $105.55 million, a 2.7% drop from the previous year. Currently, TPB holds a Zacks Rank #3 (Hold).
In comparison, Altria (MO) also saw a 0.6% rise, closing at $58.48, with a consensus EPS estimate of $1.37, indicating a 4.6% increase from last year, and has a Zacks Rank of #2 (Buy).
