Wall Street analysts forecast that Monster Beverage (MNST) will report quarterly earnings of $0.46 per share in its upcoming release, pointing to a year-over-year increase of 9.5%. It is anticipated that revenues will amount to $1.98 billion, exhibiting an increase of 4.3% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Monster Beverage metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Net Sales- Alcohol Brands' will reach $50.18 million. The estimate indicates a year-over-year change of -10.5%.
The combined assessment of analysts suggests that 'Net Sales- Strategic Brands' will likely reach $101.81 million. The estimate suggests a change of -6.1% year over year.
Analysts forecast 'Net Sales- Monster Energy Drinks' to reach $1.80 billion. The estimate indicates a year-over-year change of +4%.
The consensus among analysts is that 'Net Sales- Other' will reach $5.95 million. The estimate indicates a year-over-year change of +7.5%.
View all Key Company Metrics for Monster Beverage here>>>
Over the past month, shares of Monster Beverage have returned +5.2% versus the Zacks S&P 500 composite's +0.4% change. Currently, MNST carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Monster Beverage Corporation (MNST): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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