Altria (MO - Free Report) closed at $47.27 in the latest trading session, marking a -0.46% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.75%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 1.32% over the past month. This has outpaced the Consumer Staples sector's loss of 2.22% and lagged the S&P 500's gain of 2.74% in that time.
Investors will be hoping for strength from MO as it approaches its next earnings release, which is expected to be July 29, 2021. In that report, analysts expect MO to post earnings of $1.17 per share. This would mark year-over-year growth of 7.34%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.38 billion, up 6.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.58 per share and revenue of $21.24 billion. These totals would mark changes of +5.05% and +1.91%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for MO. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. MO is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that MO has a Forward P/E ratio of 10.36 right now. This represents a discount compared to its industry's average Forward P/E of 11.49.
It is also worth noting that MO currently has a PEG ratio of 2.59. 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. MO's industry had an average PEG ratio of 2.59 as of yesterday's close.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 123, which puts it in the top 49% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Altria (MO - Free Report) closed at $47.27 in the latest trading session, marking a -0.46% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.75%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 1.32% over the past month. This has outpaced the Consumer Staples sector's loss of 2.22% and lagged the S&P 500's gain of 2.74% in that time.
Investors will be hoping for strength from MO as it approaches its next earnings release, which is expected to be July 29, 2021. In that report, analysts expect MO to post earnings of $1.17 per share. This would mark year-over-year growth of 7.34%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.38 billion, up 6.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.58 per share and revenue of $21.24 billion. These totals would mark changes of +5.05% and +1.91%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for MO. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. MO is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that MO has a Forward P/E ratio of 10.36 right now. This represents a discount compared to its industry's average Forward P/E of 11.49.
It is also worth noting that MO currently has a PEG ratio of 2.59. 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. MO's industry had an average PEG ratio of 2.59 as of yesterday's close.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 123, which puts it in the top 49% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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