Philip Morris (PM, $75.51) beats Q4 earnings estimate, shares climb +1.9%
Philip Morris International beat earnings and revenue expectations for the fourth quarter, leading to its shares jumping +1.9% early Thursday.
The tobacco & cigarette company reported fourth-quarter earnings of $1.25 per share, which exceeded analysts’ expected $1.17 per share. Revenues for the quarter were $7.5 billion, higher than analysts’ estimate of $7.4 billion.
However, the firm’s operating income and profits were lower compared to the year-ago quarter. Its cigarette and heated-tobacco-unit shipment fell -4.6% year over year. Revenues still increased from the year-ago period.
The company’s projected earnings for 2019 is $5.37 a share – which represents around +5.7% growth. Analysts are expecting earnings of $5.29 a share.
Philip Morris CEO André Calantzopoulos indicated that the company is hopeful about its combustible tobacco business and “reduced-risk products” as key drivers of the firm's long-term growth.
PM in upward trend: 10-day moving average crossed above 50-day moving average on April 22, 2024
The 10-day moving average for PM crossed bullishly above the 50-day moving average on April 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 18, 2024. You may want to consider a long position or call options on PM as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PM just turned positive on April 19, 2024. Looking at past instances where PM's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
PM moved above its 50-day moving average on April 17, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PM advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for PM moved out of overbought territory on March 19, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PM broke above its upper Bollinger Band on April 19, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for PM entered a downward trend on April 22, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (3.354). P/E Ratio (18.737) is within average values for comparable stocks, (12.236). PM's Projected Growth (PEG Ratio) (2.136) is slightly lower than the industry average of (15.920). Dividend Yield (0.055) settles around the average of (0.065) among similar stocks. P/S Ratio (4.153) is also within normal values, averaging (27.902).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a manufacturer of cigarettes and other tobacco products
Industry Tobacco