Posted 3/1/2024, 10:45:13 PM
Altria Stock Underperforms as Earnings Decline Expected
- Altria (MO) stock closed lower while broader market gained, underperforming the S&P 500, Dow, and Nasdaq
- Altria shares dropped 1.94% over the past month, lagging Consumer Staples sector and S&P 500
- Upcoming Altria earnings release will be closely watched; EPS and revenue expected to decline year-over-year
- Recent analyst estimate revisions for Altria have trended slightly lower
- Altria valuation metrics like forward P/E and PEG ratio are mostly in line with industry averages