Philip Morris Beats Estimates in Q1 Earnings: ETFs in Focus

Zacks04-25

Philip Morris International PM posted robust first-quarter 2024 results on Apr 23, wherein the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. The company ...

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The company ...</p>\n\n<a href=\"https://finance.yahoo.com/news/philip-morris-beats-estimates-q1-152700140.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Philip Morris Beats Estimates in Q1 Earnings: ETFs in Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhilip Morris Beats Estimates in Q1 Earnings: ETFs in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/philip-morris-beats-estimates-q1-152700140.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Philip Morris International PM posted robust first-quarter 2024 results on Apr 23, wherein the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. The company ...</p>\n\n<a href=\"https://finance.yahoo.com/news/philip-morris-beats-estimates-q1-152700140.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PM","symbol_name":"菲利普莫里斯","start_time":0,"source_url":"https://finance.yahoo.com/news/philip-morris-beats-estimates-q1-152700140.html","article_id":"2430232707","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/CqYT5RB_.gZ3QjaHwFwInQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9c1aaeef9760d687a7af088e5f14dc00"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430232707","pubTimestamp":1714058820,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Philip Morris InternationalPM posted robust first-quarter 2024 results on Apr 23, wherein the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. The company continued to benefit from strong pricing, along with a favorable shift in product mix and volume, primarily driven by increased HTU and ZYN volumes.Net revenues of $8.79 billion saw an increase of 11% on an organic basis from the same quarter last year. The Zacks Consensus Estimate for the top line was pegged at $8.44 billion, reflecting a positive surprise of 4.14%. Operating income for the quarter reached $3.05 billion, marking an increase of 23.5% from the year-ago quarter on an organic basis.Total cigarette and HTU shipment volumes increased by 3.1% to 176.3 billion units in the quarter, driven by a 20.9% increase in HTU shipments across all regions. Cigarette shipment volumes dropped 0.4%, with Cigarette shipment volume for Marlboro increasing 1.7% to 56.9 billion units.For 2024, PM expects ne","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PM":"菲利普莫里斯"},"translate_title":"菲利普莫里斯Q1收益超出预期：聚焦ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PM":0.9},"content_text":"Philip Morris International PM posted robust first-quarter 2024 results on Apr 23, wherein the top and bottom lines increased year over year and beat the Zacks Consensus Estimate. The company continued to benefit from strong pricing, along with a favorable shift in product mix and volume, primarily driven by increased HTU and ZYN volumes.\nQ1 Performance in Detail\nThe tobacco company reported adjusted earnings per share (EPS) of $1.50, which jumped 8.7% from the year-ago quarter. Markedly, the bottom line beat the Zacks Consensus Estimate of $1.41 by 6.38%. Excluding currency movements, adjusted EPS for the quarter increased 23.2% year over year to $1.70.\nNet revenues of $8.79 billion saw an increase of 11% on an organic basis from the same quarter last year. The Zacks Consensus Estimate for the top line was pegged at $8.44 billion, reflecting a positive surprise of 4.14%. Operating income for the quarter reached $3.05 billion, marking an increase of 23.5% from the year-ago quarter on an organic basis.\nTotal cigarette and HTU shipment volumes increased by 3.1% to 176.3 billion units in the quarter, driven by a 20.9% increase in HTU shipments across all regions. Cigarette shipment volumes dropped 0.4%, with Cigarette shipment volume for Marlboro increasing 1.7% to 56.9 billion units.\nPM’s Quest for a Smoke-Free Future\nThe smoke-free business (SFB) of the world’s largest tobacco company accounted for about 39% of its total net revenues, highlighting Philip Morris’goal of transforming into a smoke-free enterprise. Continuing with its robust momentum, SFB’s top-line witnessed an organic growth of 24.8% year over year, with a 37.5% organic increase in its net profits.\nGuidance\nFor 2024, PM expects adjusted EPS in the band of $6.19-$6.31. The company had reported EPS of $6.01 in 2023. Excluding currency movements, adjusted EPS is envisioned in the band of $6.55-$6.67, suggesting 9-11% growth from the year-ago reported figure. On a reported basis, management expects EPS in the range of $5.70-$5.82. The company’s EPS on a reported basis was $5.02 reported in 2023.\nFor 2024, PM expects net revenues to increase in the band of 7-8.5% on an organic basis, along with organic growth of 10-12% in its operating income.\nHowever, the total international industry volume for cigarettes and HTUs (excluding China and the United States), is expected to decline by approximately 2% or remain unchanged.\nETF Impact\nHere, we have highlighted some ETFs with significant exposure to Philip Morris.\niShares U.S. Consumer Staples ETF (IYK)\niShares U.S. Consumer Staples ETF seeks to track the performance of the Russell 1000 Consumer Staples RIC 22.5/45 Capped Index, with a basket of 55 securities. The fund has gathered an asset base of $1.25 billion and charges an annual fee of 0.40%.\niShares U.S. Consumer Staples ETF has an exposure of 6.87% in PM. The fund has gained 6.27% over the past three months and 4.65% over the past year.\nFirst Trust Morningstar Dividend Leaders Index Fund (FDL)\nFirst Trust Morningstar Dividend Leaders Index Fund seeks to track the performance of the Morningstar Dividend Leaders Index with a basket of 91 securities. The fund has gathered an asset base of $3.89 billion and charges an annual fee of 0.45%.\nFirst Trust Morningstar Dividend Leaders Index Fund has an exposure of 6.55% in PM. The fund has gained 8.19% over the past three months and 13.61% over the past year.\nCambria Cannabis ETF (TOKE)\nCambria Cannabis ETF employs an active strategy and has a basket of 26 securities. The fund has amassed an asset base of $9.8 million and charges an annual fee of 0.42%.\nCambria Cannabis ETF has an exposure of 5.63% in PM. The fund has gained 10.34% over the past three months and 6.50% over the past year.\nInvesco S&P Ultra Dividend Revenue ETF (RDIV)\nInvesco S&P Ultra Dividend Revenue ETF seeks to track the performance of the S&P 900 Dividend Revenue-Weighted Index, with a basket of 61 securities. The fund has amassed an asset base of $735.8 million and charges an annual fee of 0.39%.\nInvesco S&P Ultra Dividend Revenue ETF has an exposure of 5% in PM. The fund has gained 6.16% over the past three months and 16.21% over the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPhilip Morris International Inc. (PM) : Free Stock Analysis Report\nFirst Trust Morningstar Dividend Leaders ETF (FDL): ETF Research Reports\niShares U.S. Consumer Staples ETF (IYK): ETF Research Reports\nInvesco S&P Ultra Dividend Revenue ETF (RDIV): ETF Research Reports\nCambria Cannabis ETF (TOKE): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430232707"}