Monster Beverage Corporation (NASDAQ:MNST) distributor of energy drink beverages, is expected to report second quarter earnings results, after market close, on Tuesday 4th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.49 per share.
Looking ahead, the full year income are expected at $ 2.11 per share on the revenues of $ 4305.53 million.
Previous Quarter Performance
Monster Beverage Corporation recorded income for the first quarter of $ 0.52 per share, from the revenue of $ 1,062.00 million. The quarterly earnings extended 4.00 percent while revenues raised 16.18 percent compared with the same quarter last year.
According to street consensus, MNST was expected to report 1Q20 income of $ 0.48 per share from revenue of $ 1004.71 million. The bottom line results beat street analysts by $ 0.04 or 8.33 percent, at the same time, top line results outshined analysts by $ 57.29 million or 5.70 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MNST was $ 77.84, representing a 55.49 % increase from the 52 week low of $ 50.06 and a 1.08 % decrease over the 52 week high of $ 78.69.
The company has a market capital of $ 40.99 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 75.00 target price.
- On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 70.00 target price.
Conference Call
Monster Beverage Corporation will be hosting a conference call at 5:00 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.monsterbevcorp.com
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
