For the quarter ended September 2023, Philip Morris (PM - Free Report) reported revenue of $9.14 billion, up 13.8% over the same period last year. EPS came in at $1.67, compared to $1.53 in the year-ago quarter.
The reported revenue represents a surprise of -0.76% over the Zacks Consensus Estimate of $9.21 billion. With the consensus EPS estimate being $1.61, the EPS surprise was +3.73%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Philip Morris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Shipment Volume - PMI Cigarettes and HTUs - Heated Tobacco Units: 32.47 billion versus 32.3 billion estimated by three analysts on average.
- Shipment Volume - Europe - Cigarette: 43.37 billion versus the two-analyst average estimate of 43.51 billion.
- Cigarettes and Heated Tobacco Units Volume - Europe: 56.52 billion versus the two-analyst average estimate of 56.99 billion.
- Cigarettes and Heated Tobacco Units Volume - Americas: 15.56 billion compared to the 16.58 billion average estimate based on two analysts.
- Net Revenues by Geography- SSEA, CIS & MEA: $2.78 billion compared to the $2.67 billion average estimate based on three analysts. The reported number represents a change of +183.4% year over year.
- Net Revenues by Geography- Europe: $3.67 billion versus the three-analyst average estimate of $3.59 billion. The reported number represents a year-over-year change of +19.5%.
- Net Revenues by Geography- Swedish Match: $568 million compared to the $653.79 million average estimate based on three analysts.
- Net Revenues by Geography- Americas: $478 million versus the three-analyst average estimate of $491.22 million. The reported number represents a year-over-year change of +0.8%.
- Net Revenues by Geography- EA, AU & PMI DF: $1.57 billion versus the three-analyst average estimate of $1.47 billion. The reported number represents a year-over-year change of +30.9%.
- Net Revenues- Wellness and Healthcare: $75 million versus the three-analyst average estimate of $66.58 million.
- Net Revenues- Total combustible Tobacco: $5.83 billion versus $5.77 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.
- Net Revenues- Total Smoke-free excl. W&H: $3.23 billion versus $3.21 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +36.9% change.
View all Key Company Metrics for Philip Morris here>>>Shares of Philip Morris have returned -4.6% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended September 2023, Philip Morris (PM - Free Report) reported revenue of $9.14 billion, up 13.8% over the same period last year. EPS came in at $1.67, compared to $1.53 in the year-ago quarter.
The reported revenue represents a surprise of -0.76% over the Zacks Consensus Estimate of $9.21 billion. With the consensus EPS estimate being $1.61, the EPS surprise was +3.73%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Philip Morris performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Shipment Volume - PMI Cigarettes and HTUs - Heated Tobacco Units: 32.47 billion versus 32.3 billion estimated by three analysts on average.
- Shipment Volume - Europe - Cigarette: 43.37 billion versus the two-analyst average estimate of 43.51 billion.
- Cigarettes and Heated Tobacco Units Volume - Europe: 56.52 billion versus the two-analyst average estimate of 56.99 billion.
- Cigarettes and Heated Tobacco Units Volume - Americas: 15.56 billion compared to the 16.58 billion average estimate based on two analysts.
- Net Revenues by Geography- SSEA, CIS & MEA: $2.78 billion compared to the $2.67 billion average estimate based on three analysts. The reported number represents a change of +183.4% year over year.
- Net Revenues by Geography- Europe: $3.67 billion versus the three-analyst average estimate of $3.59 billion. The reported number represents a year-over-year change of +19.5%.
- Net Revenues by Geography- Swedish Match: $568 million compared to the $653.79 million average estimate based on three analysts.
- Net Revenues by Geography- Americas: $478 million versus the three-analyst average estimate of $491.22 million. The reported number represents a year-over-year change of +0.8%.
- Net Revenues by Geography- EA, AU & PMI DF: $1.57 billion versus the three-analyst average estimate of $1.47 billion. The reported number represents a year-over-year change of +30.9%.
- Net Revenues- Wellness and Healthcare: $75 million versus the three-analyst average estimate of $66.58 million.
- Net Revenues- Total combustible Tobacco: $5.83 billion versus $5.77 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.
- Net Revenues- Total Smoke-free excl. W&H: $3.23 billion versus $3.21 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +36.9% change.
View all Key Company Metrics for Philip Morris here>>>Shares of Philip Morris have returned -4.6% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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