tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Philip Morris backs FY24 EPS view, excluding currency, $6.55-$6.67

Consensus $6.30. Philip Morris CFO, Emmanuel Babeau, will address investors at the 2024 Deutsche Bank Global Consumer Conference. Presentation slides will also be available. An archived copy of the webcast will be available until Friday, July 5. PMI revises its 2024 full-year reported diluted EPS forecast – for currency only – to a range of $5.77 to $5.89, at prevailing exchange rates. Excluding a total 2024 adjustment of 49c per share, the forecast range for adjusted diluted EPS of $6.26 to $6.38 represents a projected increase of 4.2% to 6.2% versus $6.01 in 2023. Excluding an adverse currency impact, at prevailing exchange rates, of 29c per share, this continues to represent growth of 9% to 11%, as shown below. The assumptions underlying this forecast remain unchanged versus those communicated by PMI in its earnings release of April 23.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1