Altria (MO) closed the latest buying and selling day at $41.11, shifting +0.05% from the earlier bu
Altria (MO) closed the latest buying and selling day at $41.11, shifting +0.05% from the earlier buying and selling session. The inventory outpaced the S&P 500’s each day lack of 0.38%. On the identical time, the Dow misplaced 0.22%, and the tech-heavy Nasdaq misplaced 0.12%.
Heading into immediately, shares of the proprietor of Philip Morris USA, the nation’s largest cigarette maker had misplaced 4.66% over the previous month, lagging the Shopper Staples sector’s lack of 0.32% and the S&P 500’s achieve of 4.12% in that point.
Wall Avenue will probably be in search of positivity from MO because it approaches its subsequent earnings report date. That is anticipated to be January 28, 2021. The corporate is anticipated to report EPS of $1, down 1.96% from the prior-year quarter. In the meantime, our newest consensus estimate is asking for income of $4.86 billion, up 1.28% from the prior-year quarter.
It’s also vital to notice the latest adjustments to analyst estimates for MO. These revisions assist to indicate the ever-changing nature of near-term enterprise traits. As such, constructive estimate revisions replicate analyst optimism in regards to the firm’s enterprise and profitability.
Based mostly on our analysis, we imagine these estimate revisions are instantly associated to near-team inventory strikes. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate adjustments under consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system, which ranges from #1 (Robust Purchase) to #5 (Robust Promote), has a formidable outside-audited observe report of outperformance, with #1 shares producing a mean annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant inside the previous month. MO is holding a Zacks Rank of #3 (Maintain) proper now.
Digging into valuation, MO presently has a Ahead P/E ratio of 9. For comparability, its business has a mean Ahead P/E of 11.35, which implies MO is buying and selling at a reduction to the group.
Additionally, we must always point out that MO has a PEG ratio of two.25. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes under consideration the inventory’s anticipated earnings progress price. MO’s business had a mean PEG ratio of two.25 as of yesterday’s shut.
The Tobacco business is a part of the Shopper Staples sector. This business presently has a Zacks Trade Rank of 194, which places it within the backside 24% of all 250+ industries.
The Zacks Trade Rank contains is listed so as from greatest to worst by way of the typical Zacks Rank of the person firms inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll find extra info on all of those metrics, and way more, on Zacks.com.
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Altria Group, Inc. (MO): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.