Investors eager to see if smokeless tobacco growth continues

  • Smokeless tobacco products were the fastest-growing part of Philip Morris International’s business in Q3 2023
  • Philip Morris is set to report its Q4 earnings, with analysts expecting adjusted earnings per share of $1.45
  • Growth is expected to come from European and Asian markets
  • Net revenue is expected to be $9 billion, up 10.5% from the same period last year
  • Smokeless items like heated tobacco and oral nicotine products drove much of the growth
  • Shipments of heated tobacco products jumped 18% from a year ago
  • Philip Morris management raised their adjusted earnings guidance for 2023
  • Analysts are bullish on the stock, with an average target price of $108

Philip Morris International, known for the Marlboro brand, is set to report its fourth-quarter earnings. Smokeless tobacco products were the fastest-growing part of the company’s business in Q3 2023, accounting for one-third of total revenue. Analysts are expecting adjusted earnings per share of $1.45, with growth expected from European and Asian markets. Net revenue is projected to be $9 billion, up 10.5% from the same period last year. Smokeless items like heated tobacco and oral nicotine products drove much of the growth, with shipments of heated tobacco products increasing by 18% from a year ago. Philip Morris management has raised their adjusted earnings guidance for 2023. Analysts are bullish on the stock, with an average target price of $108.

Public Companies: Philip Morris International (PM), Swedish Match (undefined)
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Factuality Level: 7
Justification: The article provides information about Philip Morris International’s business performance in the third quarter and expectations for the fourth quarter. It includes data on sales, revenue, and growth rates. The article also mentions regulatory scrutiny and allegations of marketing to children and teenagers. Overall, the information provided seems to be based on factual data and market analysis. However, it is important to note that the article does not provide any counterarguments or alternative perspectives, which could affect the overall factuality level.

Noise Level: 3
Justification: The article provides relevant information about Philip Morris International’s business performance and growth in smokeless tobacco products. It includes data on sales, revenue, and earnings. However, it lacks analysis of long-term trends or antifragility. It also does not hold powerful people accountable or explore the consequences of decisions. The article stays on topic and supports its claims with examples and data. Overall, the noise level is low, but it lacks depth and critical analysis.

Financial Relevance: Yes
Financial Markets Impacted: Investors of Philip Morris International

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses Philip Morris International’s fourth-quarter earnings and the growth of its smokeless tobacco products. While there is no mention of any extreme events or their impact, the financial relevance is high as it pertains to the company’s financial performance and investor interest.

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