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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Philip Morris (PM)
Philip Morris International is progressing well with its business transformation in the face of consumers rising health consciousness and stern regulations to dissuade smoking. To this end, the tobacco giant has been expanding in the reduced risk products (RRPs) or smoke-free products category, evident from the success of IQOS (a heating tobacco device) that counts amongst one of the leading RRPs in the industry.
PM boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 8.3% year-over-year for 2024, while Wall Street anticipates its top line to improve by 6.5%.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $6.51 per share. PM boasts an average earnings surprise of 1.9%.
On a historic basis, Philip Morris has generated cash flow growth of 5.1%, and is expected to report cash flow expansion of 8.8% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, PM should be on investors' short lists.
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Philip Morris International Inc. (PM) : Free Stock Analysis Report