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In the latest market close, Altria (MO - Free Report) reached $42.07, with a +0.19% movement compared to the previous day. This change lagged the S&P 500's 1.18% gain on the day. Meanwhile, the Dow experienced a rise of 0.87%, and the technology-dominated Nasdaq saw an increase of 1.6%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had lost 3.96% over the past month. This has was narrower than the Consumer Staples sector's loss of 7.26% and the S&P 500's loss of 5.17% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Altria in its upcoming earnings disclosure. The company's earnings report is set to go public on October 26, 2023. On that day, Altria is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 0.78%. Simultaneously, our latest consensus estimate expects the revenue to be $5.49 billion, showing a 1.43% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5 per share and revenue of $20.84 billion, indicating changes of +3.31% and +0.72%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Altria. These recent revisions tend to reflect the evolving nature of short-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.09% fall in the Zacks Consensus EPS estimate. Right now, Altria possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Altria is currently trading at a Forward P/E ratio of 8.4. For comparison, its industry has an average Forward P/E of 8.78, which means Altria is trading at a discount to the group.
It's also important to note that MO currently trades at a PEG ratio of 2.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Tobacco industry was having an average PEG ratio of 2.1.
The Tobacco industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 173, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Altria (MO) Rises Yet Lags Behind Market: Some Facts Worth Knowing
In the latest market close, Altria (MO - Free Report) reached $42.07, with a +0.19% movement compared to the previous day. This change lagged the S&P 500's 1.18% gain on the day. Meanwhile, the Dow experienced a rise of 0.87%, and the technology-dominated Nasdaq saw an increase of 1.6%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had lost 3.96% over the past month. This has was narrower than the Consumer Staples sector's loss of 7.26% and the S&P 500's loss of 5.17% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Altria in its upcoming earnings disclosure. The company's earnings report is set to go public on October 26, 2023. On that day, Altria is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 0.78%. Simultaneously, our latest consensus estimate expects the revenue to be $5.49 billion, showing a 1.43% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5 per share and revenue of $20.84 billion, indicating changes of +3.31% and +0.72%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Altria. These recent revisions tend to reflect the evolving nature of short-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.09% fall in the Zacks Consensus EPS estimate. Right now, Altria possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Altria is currently trading at a Forward P/E ratio of 8.4. For comparison, its industry has an average Forward P/E of 8.78, which means Altria is trading at a discount to the group.
It's also important to note that MO currently trades at a PEG ratio of 2.24. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Tobacco industry was having an average PEG ratio of 2.1.
The Tobacco industry is part of the Consumer Staples sector. At present, this industry carries a Zacks Industry Rank of 173, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.