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Altria (MO) Gains But Lags Market: What You Should Know
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In the latest trading session, Altria (MO - Free Report) closed at $55.98, marking a +1.1% move from the previous day. This change lagged the S&P 500's 1.47% gain on the day. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 2.02%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 13.65% over the past month. This has outpaced the Consumer Staples sector's gain of 0.07% and the S&P 500's gain of 1.5% in that time.
Wall Street will be looking for positivity from MO as it approaches its next earnings report date. In that report, analysts expect MO to post earnings of $0.92 per share. This would mark a year-over-year decline of 3.16%. Meanwhile, our latest consensus estimate is calling for revenue of $4.56 billion, down 2.26% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.19 per share and revenue of $19.74 billion. These totals would mark changes of +5.01% and +0.6%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for MO. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.27% higher within the past month. MO is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MO has a Forward P/E ratio of 13.21 right now. This valuation marks a premium compared to its industry's average Forward P/E of 13.2.
Investors should also note that MO has a PEG ratio of 1.66 right now. 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. The Tobacco was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 46, putting it in the top 19% 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.
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Altria (MO) Gains But Lags Market: What You Should Know
In the latest trading session, Altria (MO - Free Report) closed at $55.98, marking a +1.1% move from the previous day. This change lagged the S&P 500's 1.47% gain on the day. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 2.02%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had gained 13.65% over the past month. This has outpaced the Consumer Staples sector's gain of 0.07% and the S&P 500's gain of 1.5% in that time.
Wall Street will be looking for positivity from MO as it approaches its next earnings report date. In that report, analysts expect MO to post earnings of $0.92 per share. This would mark a year-over-year decline of 3.16%. Meanwhile, our latest consensus estimate is calling for revenue of $4.56 billion, down 2.26% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.19 per share and revenue of $19.74 billion. These totals would mark changes of +5.01% and +0.6%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for MO. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.27% higher within the past month. MO is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MO has a Forward P/E ratio of 13.21 right now. This valuation marks a premium compared to its industry's average Forward P/E of 13.2.
Investors should also note that MO has a PEG ratio of 1.66 right now. 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. The Tobacco was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Tobacco industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 46, putting it in the top 19% 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.