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Altria (MO) Misses on Earnings, Revenue Beats - Tale of the Tape

Zacks Equity Research
Updated

Altria Group Inc. (MO) is one of the leading manufacturers of cigarettes and smokeless tobacco products in the U.S.


Altria has seen soft volume trends for the past few quarters, due to a general shift away from tobacco products amid accelerating prices of cigarettes and worldwide anti-tobacco campaigns.


Investors should also note that earnings estimate for MO has been revised downward during the last 30 days. MO does have a decent history when it comes to recent earnings reports as the stock has posted a positive surprise in one quarter, negative for one and in-line results for the remaining two quarters, with an average surprise of a negative 0.06%.

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Currently, MO has a Zacks Rank #2 (Buy), but that could definitely change following Altria’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

 

Earnings: MO misses on earnings. Our consensus earnings estimate called for EPS of $0.67/share, and the company reported EPS of $0.66 instead. Investors should note that these figures take out stock option expenses.

 

Revenues: MO reported revenues of $4.6 billion. This surpassed our consensus estimate of $4.5 billion.

 

Key Stats to Note: Operating Companies Income increased 6% to $1.9 billion.

 

Check back later for our full write up on this MO earnings report later.

 

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ALTRIA GROUP (MO): Free Stock Analysis Report
 
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Zacks Investment Research