Shares of Philip Morris International (PM) set an all-time high Wednesday after the tobacco giant topped first-quarter estimates and lifted its full-year profit outlook.
While the top- and bottom-line numbers for Philip Morris (PM) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Philip Morris International Inc (NYSE:PM, ETR:4I1) has raised its earnings outlook for 2025 and delivered an earnings beat for the first quarter, sending its shares almost 3% higher on Wednesday. The multinational tobacco firm best known for its Marlboro cigarettes now expects adjusted earnings for the full year to be between $7.36 and $7.49 per share, representing growth of 12% to 14%, up from its previous forecast of $7.04 to $7.17 per share.
Philip Morris (PM) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.50 per share a year ago.
Philip Morris International gave its earnings outlook a bump after sustained momentum for its popular Zyn pouch brand powered its profit and revenue higher in the first quarter.
Philip Morris International Inc.'s shares have surged due to strong sales of smokeless products like Zyn, positioning the company well for potential recession resilience. The company's strategic shift to smokeless products now contributes 40% of revenue, driving growth alongside the steady legacy combustible business. Despite trading at a premium, Philip Morris' robust cash flows and dividend yield make PM shares a strong buy, especially in uncertain economic times.
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PM's Q1 results are likely to gain from robust product pricing and the continued momentum of its smoke-free portfolio despite currency headwinds.
Get a deeper insight into the potential performance of Philip Morris (PM) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Philip Morris (PM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.