Altria Group, Inc. (NYSE:MO) , the leading manufacturer of cigarettes and smokeless tobacco products in the United States reported fourth-quarter 2017 results, wherein earnings of 91 cents per share topped the Zacks Consensus Estimate of 80 cents. Also, the bottom line rose 33.8% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has witnessed upward revisions in the past 30 days. Further, in the trailing four quarters, excluding quarter under review, the company has outpaced the Zacks Consensus Estimate by an average of 0.6%.
Revenues: Altria’s revenues, net of excise taxes, remained almost flat to $4,696 million but missed the Zacks Consensus Estimate of $4,793 million.
Altria Group Price, Consensus and EPS Surprise
Guidance: For 2018, Altria expects adjusted earnings in the range of $3.90-$4.03, up 15-17% from $3.39 reported in 2017.
Zacks Rank: Currently, Altria carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Altria’s earnings report!
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Altria Group (MO): Free Stock Analysis Report
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