Philip Morris International
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Philip Morris International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP earnings per share increased.
Gross margins expanded, operating margins shrank, and net margins shrank.
Philip Morris International chalked up revenue of $7.67 billion. The eight analysts polled by S&P Capital IQ predicted net sales of $7.38 billion. GAAP sales were 9.0% higher than the prior-year quarter's $7.04 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.10. The 14 earnings estimates compiled by S&P Capital IQ averaged $1.09 per share on the same basis. GAAP EPS of $1.08 for Q4 were 13% higher than the prior-year quarter's $0.96 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 64.9%, 40 basis points better than the prior-year quarter. Operating margin was 38.9%, 50 basis points worse than the prior-year quarter. Net margin was 24.6%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $7.23 billion. On the bottom line, the average EPS estimate is $1.20.
Next year's average estimate for revenue is $32.44 billion. The average EPS estimate is $5.33.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,758 members rating the stock outperform and 57 members rating it underperform. Among 793 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 786 give Philip Morris International a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Philip Morris International is outperform, with an average price target of $76.61.
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