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Altria (MO) closed the latest trading at $41.34, representing a -0.63% change from previous day’s closing price. This stock lagged the S&P 500 with an average daily gain of 0.08%. On the other hand, the Dow Jones Industrial Average fell 0.31%, and the Nasdaq index, which has a large proportion of tech stocks, rose 0.02%.
Year-to-date, shares of the owner of Philip Morris USA, the nation’s largest cigarette maker, had lost 1.21% in the past month, lagging the Consumer Staples sector’s 6.15% gain and the S&P 500’s 3.52% gain in that time. ing.
The investment community will be paying close attention to Altria’s earnings performance in its upcoming releases. The company’s future EPS is expected to be $1.17, which would represent a decrease of 0.85% compared to the same period last year. Meanwhile, our current consensus estimate is projecting its revenue at $5.09 billion, representing growth of 0.16% compared to the year-ago period.
Investors should also note any recent changes to analyst estimates for Altria. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive estimate changes mean the analysts are optimistic about the company’s business and profitability.
Research shows that these estimate revisions are directly correlated with near-term stock price momentum. To benefit from this, we have created the Zacks Rank, a proprietary model that incorporates these estimate changes to provide an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 ranked stocks generating an average annual return of +25% since 1988. is produced. His Zacks Consensus EPS estimate has remained unchanged over the past 30 days. Altria currently has a Zacks Rank of #3 (Hold).
Investors should also note Altria’s current valuation metrics, including its Forward P/E of 8.12. For comparison, its industry has an average Forward P/E of 9.15, which means Altria is trading at a discount to the group.
Meanwhile, MO’s PEG ratio is currently 2.69. The PEG ratio is similar to the commonly used P/E ratio, but this metric also incorporates a company’s expected earnings growth rate. At yesterday’s close, Tobacco’s average PEG ratio was 2.65.
The tobacco industry is part of the consumer staples sector. This group has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from highest to lowest based on the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to track these and other stock price movement metrics during upcoming trading sessions.
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Altria Group, Inc. (MO): Free Stock Analysis Report
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