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Philip Morris (PM)
NYSE:PM
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.6Last Year’s EPS
1.5Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 22.26%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with significant growth in smoke-free products, strong financial performance, and strategic progress in key markets. Despite some supply challenges and regulatory impacts, the company is confident in its ability to deliver sustainable growth.Company Guidance
During the Philip Morris International fourth quarter 2024 and full-year results conference call, the company provided robust guidance for the fiscal year 2025. Key metrics included an anticipated 10.5% to 12.5% growth in currency neutral adjusted diluted EPS and an operating cash flow target of around $11 billion. The company expects organic net revenue growth of 6% to 8%, driven by smoke-free product growth of 12% to 14%, and predicts a fifth consecutive year of positive volume growth, up to 2%. PMI highlighted continued strong momentum for IQOS, aiming for shipment growth in line with a double-digit trajectory, and projected ZYN volume shipments between 780 to 820 million cans. Despite potential headwinds from currency impacts, PMI remains confident in achieving its 2024-2026 growth targets and advancing its smoke-free transformation strategy.Strong Smoke-Free Growth
Smoke-free products reached almost $15 billion in net revenues in 2024, with 40% of PMI's net revenues in Q4 and around 42% of adjusted gross profit. The company's smoke-free business is growing fast and becoming increasingly profitable.
Record Operating Cash Flow
Philip Morris International achieved record operating cash flow of $12.2 billion, significantly above both initial and most recent forecasts, supported by excellent profit delivery and favorable working capital.
Robust Pricing and Cost Efficiency
Combustible business showed strong performance with plus 8.7% pricing, resulting in double-digit gross profit growth in Q4 2024. Cost efficiency initiatives delivered over $750 million in savings.
ZYN's Market Leadership and FDA Authorization
ZYN continues to be the number one smoke-free brand in the US and received FDA marketing authorization, making it the first and only authorized nicotine pouch brand in the US.
Positive Global Volume Growth
Philip Morris International delivered its fourth consecutive year of positive shipment growth, with a total volume increase of plus 2.9% for 2024.
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PM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $129.83 | $144.05 | +10.95% |
| Oct 22, 2024 | $116.62 | $128.83 | +10.47% |
| Jul 23, 2024 | $103.95 | $106.22 | +2.18% |
| Apr 23, 2024 | $90.02 | $93.46 | +3.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Philip Morris (PM) report earnings?
Philip Morris (PM) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Philip Morris (PM) earnings time?
Philip Morris (PM) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PM EPS forecast?
PM EPS forecast for the fiscal quarter 2025 (Q1) is 1.6.
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