Philip Morris (PM) beats Q1 earnings, revenue estimates; issues upbeat guidance

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Goldman Sachs on Philip Morris (PM): 'we don't see a reason why the stock shouldn't outperform today'

April 23, 2024 8:33 AM EDT

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $118.00 price target on Philip Morris (NYSE: PM).

The analyst comments "PM reported better than expected Q1 results including adj EPS of $1.50 (+8.7% y/y) that was well ahead of our/consensus estimates and well above the high-end of mgmt's guidance range of... More

Philip Morris International (PM) Tops Q1 EPS by 9c; raises guidance

April 23, 2024 7:05 AM EDT

Philip Morris International (NYSE: PM) reported Q1 EPS of $1.50, $0.09 better than the analyst estimate of $1.41. Revenue for the quarter came in at $8.79 billion versus the consensus estimate of $8.46 billion.

GUIDANCE:

Philip Morris International sees adjusted FY2024 EPS of $6.55-$6.67, versus... More