Philip Morris International Inc. (PM) has had a mixed performance, with the stock outperforming competitors on strong trading days and in spite of some losses. Despite a 7% fall this year and a Q4 miss, the company is still considered a good investment by brokers and has a potential upside of 24% according to 1 Wall Street Analyst. The results from the
Q1 2024 earnings showcased mixed signals, with revenues beating expectations but EPS lagging behind. The company's
heated-tobacco products are becoming increasingly popular, even surpassing sales of Marlboro products. Other factors fueling PM's performance include the rising demand for its smoke-free products, the success of its IQOS smoking alternative, and a robust full-year earnings growth. Challenges remain with the
US heated tobacco push, allocation of capital, and a potential reluctance to increase CEO compensation.
Zyn-tastic Q1 results pose a question about whether this new product can propel the stock higher. The company has also cut its full-year profit guidance, presenting a new risk.
Philip Morris International PM News Analytics from Tue, 03 Oct 2023 07:00:00 GMT to Wed, 29 May 2024 20:38:00 GMT -
Rating 1
- Innovation 2
- Information 5
- Rumor -3
