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Philip Morris raises FY24 adjusted EPS view, excluding currency, to $6.67-$6.79

Consensus $6.33. Prior FY24 adjusted EPS view, excluding currency, was $6.55-$6.67. “Reported diluted EPS is forecast to be in a range of $5.89 to $6.01, at prevailing exchange rates, versus reported diluted EPS of $5.02 in 2023. Excluding a total 2024 adjustment of 44c per share, this forecast represents a projected increase of 5.3% to 7.3% versus adjusted diluted EPS of $ 6.01 in 2023. Also excluding an adverse currency impact of 34c, at prevailing exchange rates, this forecast represents a projected increase of 11.0% to 13.0% versus adjusted diluted EPS of $6.01 in 2023,” the company stated.

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