Wall Street analysts forecast that Altria (MO) will report quarterly earnings of $1.50 per share in its upcoming release, pointing to a year-over-year increase of 4.2%. It is anticipated that revenues will amount to $5.36 billion, exhibiting an increase of 1.4% compared to the year-ago quarter.
The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Altria metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Revenues net of excise taxes- Oral Tobacco Products' will likely reach $706.93 million. The estimate indicates a change of -2.9% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues net of excise taxes- Smokeable Products' should arrive at $4.65 billion. The estimate indicates a change of +1.7% from the prior-year quarter.
It is projected by analysts that the 'Operating Companies Income- Reported OCI- Oral Tobacco Products' will reach $480.64 million. Compared to the present estimate, the company reported $498.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Operating Companies Income- Adjusted OCI- Smokeable Products' should come in at $3.01 billion. The estimate is in contrast to the year-ago figure of $2.95 billion.
View all Key Company Metrics for Altria here>>>Over the past month, shares of Altria have returned -1.1% versus the Zacks S&P 500 composite's +0.8% change. Currently, MO carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Altria Group, Inc. (MO): Free Stock Analysis Report
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