We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Altria (MO) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
In the latest trading session, Altria (MO - Free Report) closed at $49.61, marking a -0.26% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.63%.
Shares of the owner of Philip Morris USA, the nation's largest cigarette maker witnessed a loss of 0.98% over the previous month, beating the performance of the Consumer Staples sector with its loss of 2.13% and underperforming the S&P 500's gain of 3.76%.
The investment community will be closely monitoring the performance of Altria in its forthcoming earnings report. The company is scheduled to release its earnings on October 31, 2024. In that report, analysts expect Altria to post earnings of $1.36 per share. This would mark year-over-year growth of 6.25%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.29 billion, up 0.21% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.11 per share and revenue of $20.32 billion, indicating changes of +3.23% and -0.89%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Altria. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. Right now, Altria possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Altria is presently being traded at a Forward P/E ratio of 9.74. For comparison, its industry has an average Forward P/E of 9.74, which means Altria is trading at no noticeable deviation to the group.
Meanwhile, MO's PEG ratio is currently 2.87. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Tobacco industry stood at 2.62 at the close of the market yesterday.
The Tobacco industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 107, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Altria (MO) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, Altria (MO - Free Report) closed at $49.61, marking a -0.26% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.4%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.63%.
Shares of the owner of Philip Morris USA, the nation's largest cigarette maker witnessed a loss of 0.98% over the previous month, beating the performance of the Consumer Staples sector with its loss of 2.13% and underperforming the S&P 500's gain of 3.76%.
The investment community will be closely monitoring the performance of Altria in its forthcoming earnings report. The company is scheduled to release its earnings on October 31, 2024. In that report, analysts expect Altria to post earnings of $1.36 per share. This would mark year-over-year growth of 6.25%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.29 billion, up 0.21% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.11 per share and revenue of $20.32 billion, indicating changes of +3.23% and -0.89%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Altria. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. Right now, Altria possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Altria is presently being traded at a Forward P/E ratio of 9.74. For comparison, its industry has an average Forward P/E of 9.74, which means Altria is trading at no noticeable deviation to the group.
Meanwhile, MO's PEG ratio is currently 2.87. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Tobacco industry stood at 2.62 at the close of the market yesterday.
The Tobacco industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 107, finds itself in the top 43% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.