Monster Beverage Corp expected to post earnings of 45 cents a share - Earnings Preview

Monster Beverage

30/07/2024 14:39

* Monster Beverage Corp  MNST.OQ   MNST.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 1
(estimated) for the period ending June 30 2024
    * The Corona California-based  company is expected to report
a
8.7% increase in revenue to $2.017 billion from $1.85 billion a
year ago, according to the mean estimate from 15 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Monster Beverage Corp is
for
earnings of 45 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 8
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Monster
Beverage
Corp is $60.00​, above​ its last closing price of $51.27. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.43        0.43       0.42      Missed  -2.9
 Dec. 31 2024  0.39        0.38       0.38      Met     -0.8
 Sep. 30 2023  0.40        0.40       0.41      Beat    3.5​
 Jun. 30 2023  0.40        0.39       0.39      Met     -1.1
 ​​Mar.        0.34        0.34       0.38      Beat    12.3
 31 2023                                                
 Dec. 31 2022  0.32        0.31       0.29      Missed  -9​
 Sep. 30 2022  0.29        0.29       0.30      Beat    2
 Jun. 30 2022  0.35        0.35       0.26      Missed  -26.9
 This summary was machine generated July 30 at 13:39 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)