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Why the Market Dipped But Altria (MO) Gained Today
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Altria (MO - Free Report) closed at $66.48 in the latest trading session, marking a +2.88% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.67%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
The owner of Philip Morris USA, the nation's largest cigarette maker's stock has dropped by 6.98% in the past month, exceeding the Consumer Staples sector's loss of 11.25% and lagging the S&P 500's loss of 6.15%.
Investors will be eagerly watching for the performance of Altria in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.25, reflecting a 1.63% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.56 billion, up 0.99% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.61 per share and a revenue of $20.17 billion, signifying shifts of +3.51% and +0.15%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Altria. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% higher. Altria presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Altria currently has a Forward P/E ratio of 11.52. This denotes a discount relative to the industry average Forward P/E of 12.63.
Meanwhile, MO's PEG ratio is currently 2.76. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Tobacco was holding an average PEG ratio of 1.85 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 12% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Why the Market Dipped But Altria (MO) Gained Today
Altria (MO - Free Report) closed at $66.48 in the latest trading session, marking a +2.88% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.67%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
The owner of Philip Morris USA, the nation's largest cigarette maker's stock has dropped by 6.98% in the past month, exceeding the Consumer Staples sector's loss of 11.25% and lagging the S&P 500's loss of 6.15%.
Investors will be eagerly watching for the performance of Altria in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.25, reflecting a 1.63% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.56 billion, up 0.99% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.61 per share and a revenue of $20.17 billion, signifying shifts of +3.51% and +0.15%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Altria. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% higher. Altria presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Altria currently has a Forward P/E ratio of 11.52. This denotes a discount relative to the industry average Forward P/E of 12.63.
Meanwhile, MO's PEG ratio is currently 2.76. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Tobacco was holding an average PEG ratio of 1.85 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 12% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.