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Barchart
Barchart
Rashmi Kumari

What You Need To Know Ahead of Philip Morris' Earnings Release

Philip Morris International Inc. (PM), headquartered in Stamford, Connecticut, is a leading global tobacco company dedicated to delivering innovative and science-based alternatives to traditional cigarettes. With a market cap of $189.1 billion, Philip Morris is at the forefront of transforming the tobacco industry with its smoke-free products, aiming to create a future without cigarettes. The company is set to release its Q4 earnings before the market opens on Thursday, Feb. 6.

Ahead of the event, analysts expect Philip Morris to report a profit of $1.51 per share, up 11% from $1.36 per share reported in the year-ago quarter. The company surpassed the consensus estimates in three of the last four quarters while missing the forecast on one other occasion.

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