Analysts forecast PM to post 7.3% EPS growth and 5% revenue rise, while Altria faces a 12.3% revenue decline.
Philip Morris (PM) will report second-quarter earnings on Wednesday after the close, with analysts projecting a 7.3% year-over-year increase in earnings per share and a 5% revenue rise. The company’s strong performance is driven by its smoke-free product segment, which now accounts for nearly 50% of its business.
Altria (MO), reporting later on July 30, is expected to see a 4.2% EPS increase but a 12.3% revenue decline, reflecting its heavier reliance on traditional combustible products. Over the past two years, PM has beaten EPS estimates every quarter, while Altria has matched estimates 75% of the time for both revenue and earnings.
The divergence highlights PM’s leadership in transitioning to reduced-risk products, contrasting with Altria’s slower progress in the segment.