Last updated 2024-09-19 04:29:15 (EDT)

Quarterly Net Income Trend Analysis

Growth Trend of Quarterly Net Income for Altria Group, Inc.(MO).

Altria Group, Inc.Adjusted Quarterly Net Income vs. Stock Price Trend Chart
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Seasonally Adjusted Quarterly Net Income Growth Rate tooltip

Quarter-over-Quarter Net Income Growth Rate55%
Year-over-Year Quarterly Net Income Growth Rate79.6%
As of 2024-06-30

Correlation Analysis between Quarterly Net Income and Stock Price

Analyze the correlation between Altria Group, Inc.(MO) stock price and seasonally adjusted quarterly net income. If there is a moderate to high correlation, the overall seasonally adjusted quarterly net income can be used to estimate whether the stock price is reasonable.

Scatter Plot of Seasonally Aadjusted Quarterly Net Income vs. Stock Price for Altria Group, Inc. (MO)

Seasonally Aadjusted Quarterly Net Income and stock price of Altria Group, Inc. (MO) show a Low Correlation. The higher the correlation, the greater the reference value.

The Coefficient of Determination
between Seasonally Aadjusted Quarterly Net Income and Stock Price

Low Correlation 0.22

Disclaimer

1. The information provided is for reference only and does not constitute any guarantee of profits or specific stock and price point recommendations.

2. The information is not complete; for comprehensive data, please refer to the relevant websites.

3. All stock market data analyses are subject to survivorship bias.

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