Philip Morris International Fourth Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Philip Morris International (NYSE:PM) will unveil its latest earnings on Thursday, February 9, 2012. Philip Morris International is the holding company whose subsidiaries and affiliates manufacture and sell cigarettes and other tobacco products in markets outside the U.S.

Philip Morris International Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.08 per share, a rise of 11.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.03. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.08 during the last month. For the year, analysts are projecting profit of $4.85 per share, a rise of 25.3% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 14 cents, reporting net income of $1.37 per share against a mean estimate of profit of $1.23 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.7% in revenue from the year-earlier quarter to $7.37 billion.

Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit rose 30.5% to $2.38 billion ($1.35 a share) from $1.82 billion (99 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 26.4% to $8.36 billion from $6.61 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 21.5% in the second quarter and 12.7% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 17.2% in the second quarter from the year earlier, climbed 4.5% in the first quarter from the year-ago quarter and 4.8% in the fourth quarter of the last fiscal year.

Stock Price Performance: During November 7, 2011 to February 3, 2012, the stock price had risen $6.83 (9.8%) from $69.79 to $76.62. The stock price saw one of its best stretches over the last year between February 10, 2011 and February 24, 2011 when shares rose for 10-straight days, rising 5.3% (+$2.99) over that span. It saw one of its worst periods between August 29, 2011 and September 6, 2011 when shares fell for six-straight days, falling 3.8% (-$2.63) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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