Philip Morris'' Upcoming 3Q 15 Earnings: What Can You Expect?

Source from:  Yahoo! Finance 10/13/2015

Earnings preview: Philip Morris' 3Q15 earnings

Philip Morris International (PM) is set to release its 3Q15 earnings before the market opens on October 15, 2015. Philip Morris was trading at $84.07 on October 9, 2015. The stock price rose 3.8% YTD (year-to-date). In comparison, the benchmark S&P 500 Index (IVV) (SPY) (VOO) fell by 2.1% YTD.

Price movement

Philip Morris' stock has seen volatility since the beginning of 2015. However, the stock was able to sustain most of the gain until September. It fell almost 9.8% to $77.29 on September 4, 2015, from $85.64 on August 12, 2015. The fall was primarily due to currency headwinds and the fall in global markets, particularly in the Asia-Pacific region. Although Philip Morris has recovered since then, it's still far from its 2015 peak of $86.79. It reached the peak on May 14.

On August 11, Philip Morris filed a registration statement with the Indonesian Financial Services Authority. This was in connection with a potential rights issue by its subsidiary PT HM Sampoerna. The purpose of the rights issue was to comply with the Indonesian Stock Exchange's mandatory requirement of a minimum threshold for public shareholding.

Peer stock price movement

Peers like British American Tobacco (BTI), Japan Tobacco (JAPAF) (JAPAY), and Reynolds American's (RAI) stock prices also rose 8.7%, 22.4%, and 45.6%, respectively, YTD. Reynolds American's stock gained momentum due to its recent announcement of the asset sale to JAPAF for $5 billion on September 29. Since then, Reynolds Americas rose 6.9%.

To learn more about the deal, please read Japan Tobacco Buys Natural American Spirit's International Assets .

About the company

Philip Morris is based in the US. It's a leading tobacco company. It's engaged in the manufacture and sale of cigarettes, tobacco products, and nicotine-containing products in markets outside of the US through its subsidiaries, affiliates, and their licensees. Philip Morris was a wholly owned subsidiary of Altria Group (MO). All of its shares owned by Altria were distributed on March 28, 2008.

To learn more about Philip Morris' business, please read The Future of Tobacco Giant Philip Morris: an Inside-Out Breakdown .

In this series, we'll cover the most recent earnings update for Philip Morris. We'll discuss what investors can expect in the upcoming earnings. The earnings are scheduled to be released on October 15. We'll also discuss Wall Street analysts' consensus estimates for the upcoming earnings. We'll wrap up the series by looking into Philip Morris' future growth prospects. Enditem