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北京时间·🕒 发布 19:16:00时区推断·⟳ 抓取 19:18:00·⚡ 决策 07-22 21:47:35 +2h29m·96.8 天前
Philip Morris二季度业绩超预期但三季度EPS指引低于一致预期
二季度调整后EPS为2.20美元，高于一致预期2.03美元；收入112亿美元，高于预期106亿美元。
📄 原文Investing.com↗ 原文
Philip Morris beats on earnings but stock edges lower on weak guidance
Oil price tops $95 for first time since June 11 amid widening Mideast conflict Investing.com -- Philip Morris Internati…
不做 Philip Morris International（PM.US）
Q2超预期与Q3指引低于预期相互抵消，且PM.US已涨4.36%，没有清晰同向交易边界。
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研究档案
🔎 新鲜度:最早出现 2026-07-22 · 扩散 medium · price-in 风险 medium ↗
消息传播链
- 报道PM二季度EPS和收入超预期，但三季度EPS指引中点低于一致预期。市场反应:行情工具显示PM.US报196.24美元，当日涨4.36%。
关键理由
- 二季度调整后EPS为2.20美元，高于一致预期2.03美元；收入112亿美元，高于预期106亿美元。
- 三季度调整后EPS指引2.20至2.25美元，中点2.225美元明显低于一致预期2.43美元，抵消Q2 beat。
- PM.US当日反而涨4.36%至196.24美元，市场未按弱指引杀跌，追空或追多都缺少清晰edge。
主要风险
- 全年EPS指引维持8.26至8.41美元，若市场更重视全年韧性，弱Q3指引可能被忽略。
反向证据
- 做空前查反向 · 来源 kb_search · 影响 weakens
KB未命中PM本次财报反向资料；正文显示全年指引维持且股价上涨，削弱做空。
检索:Philip Morris Q2 2026 EPS guidance consensus $2.43 $2.20 $2.25
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原文全文
展开原文 · 2,057 字
Oil price tops $95 for first time since June 11 amid widening Mideast conflict
Investing.com -- Philip Morris International Inc. (NYSE: PM) reported second-quarter earnings and revenue that topped consensus expectations on Wednesday, however, shares have edged lower after the company's Q3 earnings guidance missed the consensus estimate.
Adjusted earnings per share of $2.20 surpassed the analyst consensus of $2.03 by $0.17, while revenue of $11.2 billion exceeded expectations of $10.6 billion.
The tobacco company's second-quarter revenue climbed 10.4% YoY, marking the first time quarterly net revenues exceeded $11 billion. The smoke-free business drove growth with revenue up 11.7%, while combustibles revenue rose 9.5%. For the third quarter, Philip Morris expects adjusted EPS of $2.20 to $2.25, with a midpoint of $2.225 falling well below the analyst consensus of $2.43.
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO.
Adjusted EPS grew 15.2% from $1.91 in the prior-year quarter, or 13.6% excluding a favorable 3-cent currency impact. Reported diluted EPS of $1.80 declined 7.7% due to a non-cash impairment charge of $511 million related to the company's RBH equity investment.
Total shipment volume increased 2.5%, driven by a 7.5% rise in smoke-free products. The international smoke-free segment posted 14.2% revenue growth, fueled by 8.0% volume growth. IQOS heat-not-burn products continued to lead the category, though the company faced headwinds in Japan and Poland.
For the full year 2026, Philip Morris maintained its adjusted EPS forecast of $8.26 to $8.41, representing growth of 9.5% to 11.5% versus 2025. Excluding currency, the forecast implies growth of 7.5% to 9.5%. The company updated its currency impact estimate to $0.15 from $0.20 previously.
The company expects full-year net revenue growth of 5% to 7% on an organic basis and organic operating income growth of 7% to 9%.
Investing.com -- Philip Morris International Inc. (NYSE: PM) reported second-quarter earnings and revenue that topped consensus expectations on Wednesday, however, shares have edged lower after the company's Q3 earnings guidance missed the consensus estimate.
Adjusted earnings per share of $2.20 surpassed the analyst consensus of $2.03 by $0.17, while revenue of $11.2 billion exceeded expectations of $10.6 billion.
The tobacco company's second-quarter revenue climbed 10.4% YoY, marking the first time quarterly net revenues exceeded $11 billion. The smoke-free business drove growth with revenue up 11.7%, while combustibles revenue rose 9.5%. For the third quarter, Philip Morris expects adjusted EPS of $2.20 to $2.25, with a midpoint of $2.225 falling well below the analyst consensus of $2.43.
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO.
Adjusted EPS grew 15.2% from $1.91 in the prior-year quarter, or 13.6% excluding a favorable 3-cent currency impact. Reported diluted EPS of $1.80 declined 7.7% due to a non-cash impairment charge of $511 million related to the company's RBH equity investment.
Total shipment volume increased 2.5%, driven by a 7.5% rise in smoke-free products. The international smoke-free segment posted 14.2% revenue growth, fueled by 8.0% volume growth. IQOS heat-not-burn products continued to lead the category, though the company faced headwinds in Japan and Poland.
For the full year 2026, Philip Morris maintained its adjusted EPS forecast of $8.26 to $8.41, representing growth of 9.5% to 11.5% versus 2025. Excluding currency, the forecast implies growth of 7.5% to 9.5%. The company updated its currency impact estimate to $0.15 from $0.20 previously.
The company expects full-year net revenue growth of 5% to 7% on an organic basis and organic operating income growth of 7% to 9%.
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