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STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) has been informed by its deconsolidated Canadian affiliate, Rothmans, Benson & Hedges Inc. (RBH), that the court-appointed mediator and monitor in RBH's Companies' Creditors Arrangement Act (CCAA) proceeding filed a proposed plan of compromise and arrangement (Proposed Plan) outlining certain terms of a comprehensive resolution of tobacco product-related claims and litigation in Canada against RBH and its.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Philip Morris (PM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
The third-quarter earnings season is off and running as stocks hold near highs. Shareholder returns via dividends and buybacks are in focus. We highlight three upcoming reporters with unusual earnings dates compared to historical trends.
Philip Morris has outperformed the S&P 500 with a 32% YTD return, driven by strong sales of HTUs and ZYN nicotine pouches. Despite this performance, the stock trades at a 24% valuation discount to SPY. Analysts expect Q3 revenue of $9.69 billion and $1.82 non-GAAP EPS, with Philip Morris historically beating estimates 80% of the time or more over the last 5 years.
STAMFORD, CT--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live audio webcast at www.pmi.com/2024Q3earnings on Tuesday, October 22, 2024, at 9:00 a.m. ET, to discuss its 2024 third-quarter and first nine-months results, which will be issued at approximately 7:00 a.m. ET the same day. The webcast will be hosted by Emmanuel Babeau, Chief Financial Officer, and will include discussion of PMI's financial results and a Q&A session with the inves.
PM is set to enhance its leadership position on the 'moving beyond smoking' front. PM is increasing its activity in the US, which is likely to hurt competition, including MO. The Company outpaces other players, setting the stage with IQOS launch and increasing ZYN manufacturing capacity in the US to accomplish the goal of reaching a 10% market share.
Philip Morris (PM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Tobacco giant Philip Morris International Inc. PM invested $232 million to expand its Kentucky facility.
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