November 15, 2021

Altria (MO) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Altria (MO) closed at $47.90, marking a -0.37% move from the previous day. This move lagged the S&P 500’s daily loss of 0.2%.

Prior to today’s trading, shares of the owner of Philip Morris USA, the nation’s largest cigarette maker had lost 4.24% over the past month. This has lagged the Consumer Staples sector’s gain of 1.12% and the S&P 500’s gain of 2.11% in that time.

Investors will be hoping for strength from MO as it approaches its next earnings release, which is expected to be July 29, 2021. On that day, MO is projected to report earnings of $1.17 per share, which would represent year-over-year growth of 7.34%. Meanwhile, our latest consensus estimate is calling for revenue of $5.4 billion, up 6.58% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $4.57 per share and revenue of $21.4 billion,…

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