Here's What Could Push Philip Morris Earnings Higher
Investors in Philip Morris International (NYSE: PM) have been increasingly optimistic lately. With the success of its alternatives to traditional cigarettes and the pause in the rise in the value of the U.S. dollar, the tobacco giant has inspired many to believe that long-stagnant earnings growth could finally start to pick up again.
Philip Morris will report its third-quarter earnings on Thursday, Oct. 19, and there's a lot of enthusiasm about the company's potential to return to double-digit percentage growth on its top and bottom lines. The tobacco giant faces plenty of challenges, but it also has shown an ability to overcome similar obstacles and has strategies to foster new business opportunities. Let's take a closer look at what people expect from Philip Morris International and whether it's likely to deliver.
Analyst EPS Estimate
Source: Fool.com
Philip Morris International Stock
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 107 € shows a slightly positive potential of 11.53% compared to the current price of 95.94 € for Philip Morris International.
