Monster Beverage Corp reports results for the quarter ended September 30 - Earnings Summary

Monster Beverage

08/11/2024 21:47

* Monster Beverage Corp  MNST.OQ  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 41 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 43 cents
per share. Wall Street expected results to range from 40 cents
to 45 cents per share.
    * Revenue rose 1.3% to $1.88 billion from a year ago;
analysts
expected $1.91 billion. 
    * Monster Beverage Corp's reported EPS for the quarter was
38
cents​.
    * The company reported quarterly net income of $370.92
million.
    * Monster Beverage Corp shares had risen by 4.9% this
quarter and
lost 5.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 11
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the non-alcoholic
beverages peer group is also "buy"

Wall Street's median 12-month price target for Monster Beverage
Corp is $55.50 
This summary was machine generated from LSEG data November 8 at
09:46 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.43           0.38           Missed
 Jun. 30 2024      0.45           0.41           Missed
 Mar. 31 2024      0.43           0.42           Missed
 Dec. 31 2023      0.38           0.38           Met