Valued at a market cap of $86.2 billion, Altria Group, Inc. (MO) operates in the tobacco and nicotine product sector. It manufactures and sells smokeable and oral tobacco products through its subsidiaries, including well-known brands like Marlboro, Copenhagen, and Black & Mild. The company is slated to announce its fiscal Q3 earnings results before the market opens on Thursday, Oct. 31.
Ahead of this event, analysts expect the tobacco company to report a profit of $1.36 per share, representing a 6.3% increase from $1.28 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in one of the past four quarters while missing on three other occasions. MO missed the consensus EPS estimate by a nearly 3% margin in the most recent quarter.
