Altria Reports 2023 Third-Quarter and Nine-Months Results; Narrows 2023 Full-Year Earnings Guidance

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Go back to Altria Reports 2023 Third-Quarter and Nine-Months Results; Narrows 2023 Full-Year Earnings Guidance

Citi Negative on Altria (MO), 'disappointing Q3 results'

October 26, 2023 2:18 PM EDT

Citi analyst Adam Spielman lowered the price target on Altria (NYSE: MO) to $42.00 (from $45.00) while maintaining a Neutral rating.

The analyst comments "We update our Altria model to reflect the disappointing Q3 results. US cigarette volumes were worse than expected, with Q3 shipments down... More

Altria Group (MO) Misses Q3 EPS by 1c; Offers FY23 EPS Guidance

October 26, 2023 7:04 AM EDT

Altria Group (NYSE: MO) reported Q3 EPS of $1.28, $0.01 worse than the analyst estimate of $1.29. Revenue for the quarter came in at $5.28 billion versus the consensus estimate of $5.43 billion.

GUIDANCE:

Altria Group sees FY2023 EPS of $4.91-$4.98, versus the consensus of... More