In the latest trading session, Altria (MO - Free Report) closed at $62.92, marking a -0.29% move from the previous day. This move was narrower than the S&P 500's daily loss of 3.29%. Elsewhere, the Dow lost 3.15%, while the tech-heavy Nasdaq lost 4.08%.
Heading into today, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 6.1% over the past month, outpacing the Consumer Staples sector's loss of 1.24% and the S&P 500's gain of 0.44% in that time.
Investors will be hoping for strength from MO as it approaches its next earnings release, which is expected to be October 25, 2018. The company is expected to report EPS of $1.07, up 18.89% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.25 billion, up 2.43% from the prior-year quarter.
MO's full-year Zacks Consensus Estimates are calling for earnings of $4 per share and revenue of $19.61 billion. These results would represent year-over-year changes of +18.34% and +4.81%, respectively.
It is also important to note the recent changes to analyst estimates for MO. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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 0.03% lower. MO is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, MO currently has a Forward P/E ratio of 15.78. This represents a premium compared to its industry's average Forward P/E of 14.42.
We can also see that MO currently has a PEG ratio of 1.79. 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. MO's industry had an average PEG ratio of 1.91 as of yesterday's close.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 201, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.