Philip Morris International (PM, Financial) reported impressive first-quarter revenue of $9.3 billion, surpassing analysts' expectations of $9.14 billion. The company attributes this robust performance to consistent volume growth and significant margin improvements.
The firm's smoke-free products have continued to show remarkable progress, contributing to over 20% organic growth in net revenues and more than 33% increase in gross profit. This success in the smoke-free segment underscores the company's strategic shift away from traditional tobacco products.
Despite facing challenges in the global economic landscape, Philip Morris remains optimistic about its financial outlook. The company has revised its full-year forecast, anticipating a double-digit increase in adjusted diluted earnings per share in dollar terms.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Philip Morris International Inc (PM, Financial) is $154.99 with a high estimate of $180.00 and a low estimate of $102.00. The average target implies an downside of 5.56% from the current price of $164.11. More detailed estimate data can be found on the Philip Morris International Inc (PM) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Philip Morris International Inc's (PM, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Philip Morris International Inc (PM, Financial) in one year is $125.84, suggesting a downside of 23.32% from the current price of $164.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Philip Morris International Inc (PM) Summary page.
