Philip Morris Investors Hope for a Big Earnings Boost
For the past several years, Philip Morris International (NYSE: PM) has struggled to produce strong earnings growth. A host of challenges, including increased regulation, falling demand, and rising competition, have held back Philip Morris' fundamental strength in its international operations. Yet what has really made a negative impact on the tobacco giant's earnings power is the strong U.S. dollar, which has turned bottom-line growth on a local-currency basis into major headwinds to its income statement.
As Philip Morris investors get ready for Thursday's second-quarter financial report, they're optimistic about the fact that the U.S. dollar has weakened recently. Without currency impacts to hurt the bottom line, shareholders want Philip Morris to return to more attractive growth levels. Let's look more closely at what's happened with Philip Morris International lately and whether it can keep up the momentum that has sent its stock to new all-time highs.
Analyst EPS Estimate
Source: Fool.com
Philip Morris International Stock
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 108 € shows a slightly positive potential of 3.37% compared to the current price of 104.48 € for Philip Morris International.
