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Altria (MO) Stock Sinks As Market Gains: What You Should Know
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Altria (MO - Free Report) closed the most recent trading day at $45.58, moving -0.24% from the previous trading session. This change lagged the S&P 500's 0.85% gain on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.61%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 3.96% over the past month. This has outpaced the Consumer Staples sector's gain of 3.16% and the S&P 500's gain of 3.18% in that time.
Wall Street will be looking for positivity from Altria as it approaches its next earnings report date. This is expected to be August 1, 2023. In that report, analysts expect Altria to post earnings of $1.31 per share. This would mark year-over-year growth of 3.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.48 billion, up 1.9% from the year-ago period.
MO's full-year Zacks Consensus Estimates are calling for earnings of $4.99 per share and revenue of $20.82 billion. These results would represent year-over-year changes of +3.1% and +0.62%, respectively.
Any recent changes to analyst estimates for Altria should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.28% higher. Altria is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Altria is currently trading at a Forward P/E ratio of 9.15. This represents a discount compared to its industry's average Forward P/E of 9.98.
Meanwhile, MO's PEG ratio is currently 2.29. 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. Tobacco stocks are, on average, holding a PEG ratio of 2.4 based on yesterday's closing prices.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Altria (MO) Stock Sinks As Market Gains: What You Should Know
Altria (MO - Free Report) closed the most recent trading day at $45.58, moving -0.24% from the previous trading session. This change lagged the S&P 500's 0.85% gain on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.61%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 3.96% over the past month. This has outpaced the Consumer Staples sector's gain of 3.16% and the S&P 500's gain of 3.18% in that time.
Wall Street will be looking for positivity from Altria as it approaches its next earnings report date. This is expected to be August 1, 2023. In that report, analysts expect Altria to post earnings of $1.31 per share. This would mark year-over-year growth of 3.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.48 billion, up 1.9% from the year-ago period.
MO's full-year Zacks Consensus Estimates are calling for earnings of $4.99 per share and revenue of $20.82 billion. These results would represent year-over-year changes of +3.1% and +0.62%, respectively.
Any recent changes to analyst estimates for Altria should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.28% higher. Altria is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, Altria is currently trading at a Forward P/E ratio of 9.15. This represents a discount compared to its industry's average Forward P/E of 9.98.
Meanwhile, MO's PEG ratio is currently 2.29. 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. Tobacco stocks are, on average, holding a PEG ratio of 2.4 based on yesterday's closing prices.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.