Altria Group reports its third-quarter earnings on Thursday, October 30, 2014, and the consensus earnings per share estimate is 68 cents per share.
For the fiscal year, analysts are expecting earnings of $2.57 per share. Analysts look for revenue to decrease 1% year-over-year to $4.73 billion for the quarter, after being $4.76 billion a year ago. For the year, revenue is projected to come in at $17.81 billion.
Over the last four quarters, the company has seen its revenue grow by an average of 1% year-over-year. The 7% increase in the third quarter was the biggest rise.
The company has been reaping profit in the past eight quarters, and for the last four, it has seen an average of 8% growth in profit year-over-year. The quarter with the biggest boost was the third quarter, which saw a more than twofold surge.
Analysts are split on Altria, but six of 12 analysts rate it hold.
Earnings estimates provided by Zacks.
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