Reported Earlier, Philip Morris Revises FY24 Adjusted EPS Outlook From $6.19 - $6.31 To $6.26 - $6.38 (Est $6.30; Reaffirms Currency-Neutral Adjusted EPS Growth Forecast Of 9.0% - 11.0%
Portfolio Pulse from Benzinga Newsdesk
Philip Morris has revised its FY24 adjusted EPS outlook from $6.19-$6.31 to $6.26-$6.38, reaffirming a currency-neutral adjusted EPS growth forecast of 9.0%-11.0%. Excluding a total 2024 adjustment of $0.49 per share, the forecast range represents a projected increase of 4.2%-6.2% versus $6.01 in 2023.
June 04, 2024 | 10:16 am
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Philip Morris has revised its FY24 adjusted EPS outlook upwards, indicating stronger-than-expected performance. The new range is $6.26-$6.38, up from $6.19-$6.31, and reaffirms a currency-neutral adjusted EPS growth forecast of 9.0%-11.0%.
The upward revision of the EPS outlook suggests that Philip Morris is performing better than previously expected. This positive adjustment is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100