Monster Beverage Corporation (NASDAQ:MNST) distributor of energy drink beverages, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.63 per share.
For the full year, analysts predict revenues of $ 4488.44 million, while looking forward to income of $ 2.26 per share.
Previous Quarter Performance
Monster Beverage Corporation posted income for the second quarter of $ 0.59 per share, from the revenue of $ 1,094.00 million. The quarterly earnings boosted 11.32 percent while revenues reduced 0.91 percent compared with the same quarter last year.
Wall street analysts are predicting, MNST to report 2Q20 income of $ 0.49 per share from revenue of $ 1006.82 million. The bottom line results beat street analysts by $ 0.1 or 20.41 percent, at the same time, top line results outshined analysts by $ 87.18 million or 8.66 percent.
Stock Performance
Shares of Monster Beverage Corporation traded up $ 3.20 or 4.02 percent on Wednesday, reaching $ 82.72 with volume of 2.60 million shares. Monster Beverage Corporation has traded high as $ 83.42 and has cracked $ 80.41 on the downward trend
The closing price of $ 82.72, representing a 58.85 % increase from the 52 week low of $ 50.06 and a 8.65 % decrease over the 52 week high of $ 87.05.
The company has a market capital of $ 43.63 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 87.00 target price.
Conference Call
Monster Beverage Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 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.
