Examine the evolution of Monster Beverage's (MNST) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
The headline numbers for Monster Beverage (MNST) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Monster missed estimates on the top and bottom lines. Management blamed broader weakness in demand at the industry level.
Monster Beverage Corp. was one of the S&P 500's biggest laggards on Thursday after the energy-drink maker's quarterly results, reported Wednesday, spooked investors.
Monster Beverage (MNST) shares sank Thursday, a day after co-Chief Executive Officer (CEO) Hilton Schlosberg acknowledged headwinds in the energy drinks sector in the company's second-quarter earnings report.
The energy-drink maker is on track for its largest percent decrease since March 2018.
Monster Beverage Corp (NASDAQ:MNST) fell close to 8% in pre-market trading on Thursday after the energy drink maker disappointed with second-quarter results. A dip in convenience store footfall weighed on sales, according to the Monster Energy maker, prompting revenue and profits to both miss expectations.
Monster Beverage Corporation, Inc. (NASDAQ:MNST ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Rodney Sacks - Co-CEO & Chairman Hilton Schlosberg - Vice Chairman & Co-CEO Thomas Kelly - CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Andrea Teixeira - JPMorgan Kaumil Gajrawala - Jefferies Peter Grom - UBS Bonnie Herzog - Goldman Sachs Filippo Falorni - Citi Operator Good afternoon, everyone, and welcome to the Monster Beverage Company Second Quarter 2024 Conference Call. [Operator Instructions] Please also note this event is being recorded.
Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting demand for its pricey energy drinks amid an uncertain economic environment.
Monster Beverage (MNST) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.39 per share a year ago.
Monster Beverage is one of the key players in the industry of energy drinks with solid market share of 24% in US sales. The company has no interest-bearing debt in its balance sheet and performs financially better than its peers. MNST stock is undervalued by historical P/E ratio method by 9%.
Monster Beverage's (MNST) second-quarter 2024 results are likely to reflect gains from strength in its energy drinks category and product launches.