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Altria Group (MO) Lags Q2 Earnings; Revenue Beats Estimates
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Altria Group Inc. (MO - Free Report) is one of the leading manufacturers of cigarettes and smokeless tobacco products in the U.S. We are impressed with the company’s strong brand portfolio, shift to low-risk, smokeless tobacco products and strong pricing. The company’s flagship brand Marlboro has been performing well and have boosted market share of the company. However, we believe strict anti-smoking regulations in the form of restrictions on packaging and high excise duties along with declining cigarette volumes remain major headwinds.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 and 2018 remain unchanged in the last thirty days. However, in the trailing four quarters, excluding quarter under review, the company beat the Zacks Consensus Estimate by an average of 0.7%.
Zacks Rank: Currently, MO has a Zacks Rank #4 (Sell). You can seethe complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Altria’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MO lags on earnings. Our consensus called for EPS of 86 cents, and the company posted adjusted EPS of 85 cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: MO posted revenues, net of excise taxes, of $5.068 billion, marginally exceeding our consensus estimate of $4.988 billion.
Key Stats to Note: Altria Group reaffirms its 2017 full-year adjusted diluted EPS in a range of $3.26 to $3.32, up 7.5% to 9.5% from $3.03 in 2016. Further, it expects higher adjusted diluted EPS growth in the second half of the year compared to the first half.
Stock Price: Shares were inactive in pre-market trading.
Check back later for our full write up on this MO earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
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Altria Group (MO) Lags Q2 Earnings; Revenue Beats Estimates
Altria Group Inc. (MO - Free Report) is one of the leading manufacturers of cigarettes and smokeless tobacco products in the U.S. We are impressed with the company’s strong brand portfolio, shift to low-risk, smokeless tobacco products and strong pricing. The company’s flagship brand Marlboro has been performing well and have boosted market share of the company. However, we believe strict anti-smoking regulations in the form of restrictions on packaging and high excise duties along with declining cigarette volumes remain major headwinds.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2017 and 2018 remain unchanged in the last thirty days. However, in the trailing four quarters, excluding quarter under review, the company beat the Zacks Consensus Estimate by an average of 0.7%.
Zacks Rank: Currently, MO has a Zacks Rank #4 (Sell). You can seethe complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Altria’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MO lags on earnings. Our consensus called for EPS of 86 cents, and the company posted adjusted EPS of 85 cents per share instead. Investors should note that these figures take out stock option expenses.
Revenue: MO posted revenues, net of excise taxes, of $5.068 billion, marginally exceeding our consensus estimate of $4.988 billion.
Key Stats to Note: Altria Group reaffirms its 2017 full-year adjusted diluted EPS in a range of $3.26 to $3.32, up 7.5% to 9.5% from $3.03 in 2016. Further, it expects higher adjusted diluted EPS growth in the second half of the year compared to the first half.
Stock Price: Shares were inactive in pre-market trading.
Check back later for our full write up on this MO earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>