Altria Group, Inc. (MO), headquartered in Richmond, Virginia, is a leading producer and seller of smokeable and oral tobacco products. Valued at $87 billion by market cap, the company’s product portfolio includes cigarettes, large cigars and pipe tobacco, e-vapor products, and combustible and smoke-free products under iconic brands such as Marlboro, Copenhagen, Skoal, and NJOY. The leading tobacco company is expected to announce its fiscal fourth-quarter earnings for 2024 before the market opens on Thursday, Jan. 30.
Ahead of the event, analysts expect MO to report a profit of $1.28 per share on a diluted basis, up 8.5% from $1.18 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions.
