Preview: Philip Morris Intl's Earnings
Portfolio Pulse from Benzinga Insights
Philip Morris Intl (NYSE:PM) is scheduled to release its quarterly earnings report on February 8, 2024, with an expected EPS of $1.44. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows a mixed reaction to past earnings, with the last quarter's beat resulting in a 2.02% share price increase. Currently, shares are down 9.87% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 07, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Philip Morris Intl is expected to report an EPS of $1.44 for the upcoming quarter. Past performance shows a positive reaction to earnings beats. However, shares have declined 9.87% over the last year, indicating a bearish sentiment.
The expected EPS of $1.44 sets a benchmark for performance evaluation. Historical data suggests that beating the EPS estimate can positively impact the stock price, as seen in the last quarter with a 2.02% increase. However, the overall 9.87% decline in share price over the past year reflects a bearish sentiment that might temper any short-term gains from a positive earnings report. The anticipation of future guidance also plays a crucial role in investor reactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100