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Altria (MO) Gains As Market Dips: What You Should Know
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Altria (MO - Free Report) closed at $47.38 in the latest trading session, marking a +1.26% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 7.61% in the past month. In that same time, the Consumer Staples sector gained 6.02%, while the S&P 500 gained 4.4%.
Altria will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.09, up 10.1% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.04 billion, down 0.24% from the prior-year quarter.
MO's full-year Zacks Consensus Estimates are calling for earnings of $4.61 per share and revenue of $21.03 billion. These results would represent year-over-year changes of +5.73% and +0.93%, respectively.
Any recent changes to analyst estimates for Altria should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Altria is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Altria is currently trading at a Forward P/E ratio of 10.14. This represents a discount compared to its industry's average Forward P/E of 10.47.
It is also worth noting that MO currently has a PEG ratio of 2.54. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Tobacco was holding an average PEG ratio of 1.98 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 33% 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.
To follow MO in the coming trading sessions, be sure to utilize Zacks.com.
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Altria (MO) Gains As Market Dips: What You Should Know
Altria (MO - Free Report) closed at $47.38 in the latest trading session, marking a +1.26% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 7.61% in the past month. In that same time, the Consumer Staples sector gained 6.02%, while the S&P 500 gained 4.4%.
Altria will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.09, up 10.1% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.04 billion, down 0.24% from the prior-year quarter.
MO's full-year Zacks Consensus Estimates are calling for earnings of $4.61 per share and revenue of $21.03 billion. These results would represent year-over-year changes of +5.73% and +0.93%, respectively.
Any recent changes to analyst estimates for Altria should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Altria is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Altria is currently trading at a Forward P/E ratio of 10.14. This represents a discount compared to its industry's average Forward P/E of 10.47.
It is also worth noting that MO currently has a PEG ratio of 2.54. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Tobacco was holding an average PEG ratio of 1.98 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 33% 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.
To follow MO in the coming trading sessions, be sure to utilize Zacks.com.