Philip Morris International Earnings Preview: Get Ahead of the Analysts

Philip Morris International (NYSE:PM) will report earnings before markets open on Thursday, July 18th. Philip Morris International Inc., through its subsidiaries, affiliates and their licensees, produces, sells, distributes, and markets a wide range of branded cigarettes and tobacco products in markets outside of the United States of America. The Company’s portfolio comprises both international and local brands.
Here is your Cheat Sheet to Philip Morris International Earnings:
Earnings Expectations: Analysts expect earnings of $1.41 per share on revenues of $8.20 billion. Currently, the company’s P/E ratio stands at 17.37.Philip Morris International is the producer of Chesterfield Cigarettes and Bond cigarettes.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.54 to a profit $1.49. For the current year, the average estimate is a profit of $5.57, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Philip Morris International has been performing on an annual basis:

Fiscal Year	2008	2009	2010	2011	2012
Revenue ($) in millions	63,640	62,080	67,713	76,346	77,393
Diluted EPS ($)	3.32	3.24	3.92	4.85	5.17

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter	Jun. 30, 2012	Sep. 30, 2012	Dec. 31, 2012	Mar. 31, 2013
Revenue ($) in millions	20,037.00	19,592.00	19,742.00	18,527.00
Diluted EPS ($)	1.36	1.32	1.25	1.28

Past Performance:
Philip Morris International has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.