We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Philip Morris (PM) Q4 Earnings: A Look at Key Metrics
Read MoreHide Full Article
For the quarter ended December 2023, Philip Morris (PM - Free Report) reported revenue of $9.05 billion, up 11% over the same period last year. EPS came in at $1.36, compared to $1.39 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.96 billion, representing a surprise of +0.98%. The company delivered an EPS surprise of -5.56%, with the consensus EPS estimate being $1.44.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 33.97 billion versus 35.32 billion estimated by four analysts on average.
Shipment Volume - Europe - Cigarette: 39.33 billion compared to the 38.08 billion average estimate based on three analysts.
Cigarettes and Heated Tobacco Units Volume - Europe: 53.64 billion versus 53.25 billion estimated by three analysts on average.
Cigarettes and Heated Tobacco Units Volume - Americas: 17.67 billion versus 18.38 billion estimated by three analysts on average.
Net Revenues by Geography- SSEA, CIS & MEA: $2.71 billion versus $2.69 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +193% change.
Net Revenues by Geography- Europe: $3.61 billion versus the four-analyst average estimate of $3.47 billion. The reported number represents a year-over-year change of +25.1%.
Net Revenues by Geography- Swedish Match: $682 million versus the four-analyst average estimate of $598.36 million.
Net Revenues by Geography- Americas: $545 million versus the four-analyst average estimate of $558.15 million. The reported number represents a year-over-year change of +1.7%.
Net Revenues by Geography- EA, AU & PMI DF: $1.43 billion versus $1.53 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
Net Revenues- Wellness and Healthcare: $69 million versus $70.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.
Net Revenues- Total combustible Tobacco: $5.49 billion versus $5.44 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
Net Revenues- Total Smoke-free excl. W&H: $3.49 billion versus the three-analyst average estimate of $3.43 billion. The reported number represents a year-over-year change of +21.7%.
Shares of Philip Morris have returned -3.2% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Philip Morris (PM) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2023, Philip Morris (PM - Free Report) reported revenue of $9.05 billion, up 11% over the same period last year. EPS came in at $1.36, compared to $1.39 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.96 billion, representing a surprise of +0.98%. The company delivered an EPS surprise of -5.56%, with the consensus EPS estimate being $1.44.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 33.97 billion versus 35.32 billion estimated by four analysts on average.
- Shipment Volume - Europe - Cigarette: 39.33 billion compared to the 38.08 billion average estimate based on three analysts.
- Cigarettes and Heated Tobacco Units Volume - Europe: 53.64 billion versus 53.25 billion estimated by three analysts on average.
- Cigarettes and Heated Tobacco Units Volume - Americas: 17.67 billion versus 18.38 billion estimated by three analysts on average.
- Net Revenues by Geography- SSEA, CIS & MEA: $2.71 billion versus $2.69 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +193% change.
- Net Revenues by Geography- Europe: $3.61 billion versus the four-analyst average estimate of $3.47 billion. The reported number represents a year-over-year change of +25.1%.
- Net Revenues by Geography- Swedish Match: $682 million versus the four-analyst average estimate of $598.36 million.
- Net Revenues by Geography- Americas: $545 million versus the four-analyst average estimate of $558.15 million. The reported number represents a year-over-year change of +1.7%.
- Net Revenues by Geography- EA, AU & PMI DF: $1.43 billion versus $1.53 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
- Net Revenues- Wellness and Healthcare: $69 million versus $70.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.
- Net Revenues- Total combustible Tobacco: $5.49 billion versus $5.44 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Net Revenues- Total Smoke-free excl. W&H: $3.49 billion versus the three-analyst average estimate of $3.43 billion. The reported number represents a year-over-year change of +21.7%.
View all Key Company Metrics for Philip Morris here>>>Shares of Philip Morris have returned -3.2% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.