Earnings Preview: Altria Group

| About: Altria Group, (MO)

Altria Group (NYSE:MO) is expected to report Q2 earnings before the open on Tuesday, July 24, with a conference call scheduled for 9:00 am ET.


Analysts are looking for a profit of 57c on revenue of $4.50B. The consensus range is 55c-59c for EPS on revenue of $4.41B-$4.65B, according to First Call. On its last call and again in May, the company reaffirmed its full-year adjusted earnings guidance of $2.17-$2.23. Also during its last earnings report, Altria said that its Marlboro brand grew its market share and investors will be interested to hear if the company's flagship cigarette brand carried that momentum forward for another quarter. During June, the Wall Street Journal reported that the company increased prices across its cigarette brands by 6c per-pack, but the timing of that price increase may make it unlikely to have a significant impact on its Q2 results. Altria shares are down about 0.5% to $35.73 in intra-day trading ahead of tomorrow's report, though its losses are less than the broader market during a broad-based decline in U.S. equities.

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