Philip Morris (PM) closed at $77.45 within the newest buying and selling session, marking a +1.41%
Philip Morris (PM) closed at $77.45 within the newest buying and selling session, marking a +1.41% transfer from the prior day. The inventory outpaced the S&P 500’s every day achieve of 0.91%. Elsewhere, the Dow gained 0.7%, whereas the tech-heavy Nasdaq added 1.02%.
Previous to right this moment’s buying and selling, shares of the vendor of Marlboro and different cigarette manufacturers had gained 2.51% over the previous month. This has outpaced the Shopper Staples sector’s lack of 2.39% and the S&P 500’s lack of 2.74% in that point.
Traders shall be hoping for energy from PM because it approaches its subsequent earnings launch, which is anticipated to be October 17, 2019. The corporate is anticipated to report EPS of $1.35, down 6.25% from the prior-year quarter. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $7.61 billion, up 1.41% from the year-ago interval.
Wanting on the full yr, our Zacks Consensus Estimates counsel analysts predict earnings of $5.20 per share and income of $29.89 billion. These totals would mark adjustments of +1.96% and +0.91%, respectively, from final yr.
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