Altria Q3 adjusted EPS rises 4.8%, beats analyst estimates

By Reuters News


Overview

  • US tobacco seller's Q3 net revenue grew 1.0% yr/yr, mainly from smokeable products

  • Adjusted diluted EPS rose 4.8% and beat analyst expectations

  • Company expanded share repurchase program by $1 bln, now expires December 2027


Outlook

  • Altria raises 2026 full-year adj diluted EPS guidance to $5.66-$5.74

  • Company expects moderated e-vapor growth and macroeconomic uncertainty to impact 2026 results

  • 2026 EPS guidance excludes impacts from special items such as litigation and restructuring


Result Drivers

  • SMOKEABLE PRODUCTS PRICING - Co said higher pricing in smokeable products drove revenue growth

  • DISCOUNT BRAND GAINS - Basic brand continued to gain share in discount segment, per CEO Sal Mancuso

  • NICOTINE POUCH EXPANSION - Co said Helix expanded on! PLUS nicotine pouch offerings with new flavors and strengths


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$6.13 bln

Q3 Adjusted EPS

Beat

$1.52

$1.51 (12 Analysts)

Q3 EPS

$1.51


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

  • The average consensus recommendation for the tobacco peer group is "buy."

  • Wall Street's median 12-month price target for Altria Group Inc is $71.00, about 2.7% below its October 28 closing price of $72.99

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Oct 27 - Coca-Cola Q3 profit tops estimates on zero sugar drink sales; lifts outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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