Trade
Traders are at all times in search of shares which might be poised to beat at earnings season and Philip Morris Worldwide Inc. PM could also be one such firm. The agency has earnings arising fairly quickly, and occasions are shaping up fairly properly for his or her report.
That’s as a result of Philip Morris is seeing favorable earnings estimate revision exercise as of late, which is usually a precursor to an earnings beat. In spite of everything, analysts elevating estimates proper earlier than earnings — with essentially the most up-to-date data doable — is a fairly good indicator of some favorable developments beneath the floor for PM on this report.
The truth is, the Most Correct Estimate for the present quarter is at present at $1.25 per share for PM, in comparison with a broader Zacks Consensus Estimate of $1.22 per share. This implies that analysts have very just lately bumped up their estimates for PM, giving the inventory a Zacks Earnings ESP of +2.82% heading into earnings season.
Philip Morris Worldwide Inc. Worth and EPS Shock
Philip Morris International Inc. price-eps-surprise | Philip Morris International Inc. Quote
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