Altria Stock Rises Despite Expected Drop in Upcoming Earnings

• Altria (MO) stock closed higher at $44.95, outperforming the S&P 500 and Dow • Altria is expected to report a 2.54% drop in year-over-year EPS when it reports earnings on April 25, 2024
• For the full year, analysts forecast Altria's EPS to rise 2.63% and revenue to increase 0.36% • Based on estimate revisions, Altria holds a Zacks Rank #3 (Hold) and analysts are confident in its near-term outlook • Altria trades at a Forward P/E ratio of 8.81, in line with its industry average