Philip Morris International is expected to report higher revenue and earnings for the second quarter on July 22. The Zacks Consensus Estimate for revenue is $10.56 billion, up 4.1% from a year ago, while the consensus earnings estimate has risen a penny over the past 30 days to $2.04 a share, implying 6.8% growth. The company's smoke-free transformation, led by IQOS, VEEV, and ZYN outside the United States, is likely to have driven results, though IQOS growth in Japan may have moderated after excise-driven pricing actions. Sustained pricing power, premium brand strength, and cost management are expected to have supported margins, while elevated commercial spending and regulatory delays may have partly offset performance. The Zacks model does not predict an earnings beat, as Philip Morris carries a Zacks Rank of 4 and an Earnings ESP of +0.69%.
Philip Morris International IncSmoke-free product momentum (IQOS, VEEV, ZYN) driving revenue and earnings growth.
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