Energy drink company Monster Beverage (NASDAQ: MNST) will be reporting results this Thursday afternoon. Here’s what you need to know.
Monster missed analysts’ revenue expectations by 6.3% last quarter, reporting revenues of $1.85 billion, down 2.3% year on year. It was a slower quarter for the company, with a slight miss of analysts’ EBITDA estimates.
Is Monster a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Monster’s revenue to grow 9.6% year on year to $2.08 billion, improving from the 2.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 6 upward revisions over the last 30 days (we track 13 analysts). Monster has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Monster’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Boston Beer delivered year-on-year revenue growth of 1.5%, meeting analysts’ expectations, and MGP Ingredients reported a revenue decline of 23.7%, topping estimates by 3.7%. Boston Beer traded up 6.5% following the results while MGP Ingredients was down 4.9%.
Read our full analysis of Boston Beer’s results here and MGP Ingredients’s results here.
Investors in the beverages, alcohol, and tobacco segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. Monster is down 4.3% during the same time and is heading into earnings with an average analyst price target of $62.91 (compared to the current share price of $60.14).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
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