Analysts Expect Monster Beverage Co. (NASDAQ:MNST) Will Announce Earnings of $0.59 Per Share

Wall Street analysts predict that Monster Beverage Co. (NASDAQ:MNST) will post $0.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Monster Beverage’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.64. Monster Beverage posted earnings per share of $0.62 in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The business is scheduled to issue its next earnings results on Thursday, February 24th.

On average, analysts expect that Monster Beverage will report full-year earnings of $2.56 per share for the current year, with EPS estimates ranging from $2.52 to $2.61. For the next financial year, analysts expect that the business will post earnings of $2.93 per share, with EPS estimates ranging from $2.72 to $3.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Monster Beverage.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.04). Monster Beverage had a return on equity of 23.94% and a net margin of 28.76%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted $0.65 EPS. The business’s revenue was up 13.2% compared to the same quarter last year.

MNST has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Monster Beverage from $115.00 to $111.00 and set an “overweight” rating for the company in a research report on Friday, November 5th. Redburn Partners initiated coverage on Monster Beverage in a research report on Monday, November 1st. They set a “neutral” rating for the company. Wells Fargo & Company cut their price objective on Monster Beverage from $105.00 to $101.00 and set an “overweight” rating for the company in a research report on Thursday, October 14th. Jefferies Financial Group cut Monster Beverage from a “buy” rating to a “hold” rating and cut their price objective for the stock from $113.00 to $92.00 in a research report on Wednesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Monster Beverage from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, November 2nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $106.21.

A number of institutional investors have recently bought and sold shares of MNST. Eagle Bay Advisors LLC bought a new stake in shares of Monster Beverage in the 2nd quarter valued at approximately $28,000. FinTrust Capital Advisors LLC bought a new stake in shares of Monster Beverage in the 2nd quarter valued at approximately $29,000. JJJ Advisors Inc. grew its stake in shares of Monster Beverage by 84.2% in the 3rd quarter. JJJ Advisors Inc. now owns 477 shares of the company’s stock valued at $42,000 after purchasing an additional 218 shares during the period. Key Financial Inc grew its stake in shares of Monster Beverage by 31.2% in the 2nd quarter. Key Financial Inc now owns 551 shares of the company’s stock valued at $52,000 after purchasing an additional 131 shares during the period. Finally, Trustcore Financial Services LLC bought a new stake in shares of Monster Beverage in the 3rd quarter valued at approximately $53,000. 63.06% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ MNST traded up $0.47 during trading hours on Friday, hitting $89.09. 1,494,681 shares of the company’s stock were exchanged, compared to its average volume of 1,998,693. Monster Beverage has a 1-year low of $82.96 and a 1-year high of $99.89. The stock has a market capitalization of $47.14 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 2.51 and a beta of 1.07. The company’s 50-day moving average price is $89.06 and its 200-day moving average price is $92.26.

Monster Beverage Company Profile

Monster Beverage Corp. is a holding company, which engages in the development, marketing, sale, and distribution of energy drink beverages and concentrates. It operates through the following segments: Monster Energy Drinks, Strategic Brands, and Other. The Monster Energy Drinks segment sells ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

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Earnings History and Estimates for Monster Beverage (NASDAQ:MNST)

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