Philip Morris International (NYSE: PM ) is expected to report Q2 earnings on July 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Philip Morris International's revenues will wane -2.6% and EPS will increase 0.7%.
The average estimate for revenue is $8.06 billion. On the bottom line, the average EPS estimate is $1.35.
Last quarter, Philip Morris International reported revenue of $7.45 billion. GAAP reported sales were 9.7% higher than the prior-year quarter's $6.79 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.27. GAAP EPS of $1.25 for Q1 were 18% higher than the prior-year quarter's $1.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 67.2%, 100 basis points better than the prior-year quarter. Operating margin was 45.8%, 130 basis points better than the prior-year quarter. Net margin was 29.0%, 70 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $31.72 billion. The average EPS estimate is $5.19.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,845 members out of 2,904 rating the stock outperform, and 59 members rating it underperform. Among 812 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 803 give Philip Morris International a green thumbs-up, and nine 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 $85.43.
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