Altria (MO) reported an earnings beat for its 4th quarter, ending 12/31/2022. Earnings per share came in at $1.18, versus the expected $1.17.
The reported revenue of $5.08 billion represents a decrease of -6.08% compared to the previous quarter, and a decrease of -0.06% compared to the same period last year.
For the 1st quarter, analysts project earnings of $1.18 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for MO stock.
What’s Next for Altria, Post-Earnings?
According to TipRanks, the average analyst consensus on MO stock is a Hold. This consensus is based on 5 analyst ratings made in the past 3 months. Altria’s average price target of $44.60 implies downside potential of -6.18% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings beat can signify positive movement ahead for a stock’s price. Currently, MO price is $47.54, indicating a 5-day rise of 7.70%.
About Altria
Virginia-based Altria Group, Inc. is a tobacco company, which manufactures and sells cigarettes, smokeless products, and wine in the United States. Its most popular cigarette brand is Marlboro. It sells cigars principally under the Black & Mild brand, and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle and 14 Hands labels. It also owns wineries in or distributes wines from several other wine regions..
Learn more about MO financials here
