Philip Morris International (NYSE:PM) has beaten estimates for five straight quarters and will go for a sixth when it reports again on Thursday, July 19, 2012.
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Analysts currently expect Philip Morris International to come in with earnings of $1.34 per share on revenues of $8.02 billion. Estimates range from $1.30 per share to $1.37 per share. Over the past three months, the average estimate has moved down from $1.39.
Last Quarter's Results
In the first quarter, profit rose 12.6% to $2.16 billion ($1.25 a share) from $1.92 billion ($1.06 a share) the year earlier, exceeding analyst expectations. Revenue rose more than twofold to $18.02 billion from $6.79 billion.
Analysts are bullish on the stock as 10 analysts rate it as a buy and there are no sell ratings. That rating hasn't budged in three months as the average analyst rating of the stock has remained constant.
In terms of price changes, the stock's best recent streak was when it gained $3.79 per share between June 4, 2012 and June 13, 2012.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
Revenue Estimate: $8.02 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)