Monster Beverage Corporation (MNST)
Monster Beverage Corporation, Inc. (MNST) Q2 2024 Earnings Call Transcript
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 misses quarterly sales estimates as economic fears slow demand
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) Misses Q2 Earnings and Revenue Estimates
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: Energy Idea For Long-Term Investment
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) Q2 Earnings Coming Up: Things to Note
Monster Beverage's (MNST) second-quarter 2024 results are likely to reflect gains from strength in its energy drinks category and product launches.
Unveiling Monster Beverage (MNST) Q2 Outlook: Wall Street Estimates for Key Metrics
Evaluate the expected performance of Monster Beverage (MNST) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Monster Beverage: Organic Growth Trajectory With Energy And Alcohol Justifies The Valuation, Buy
Monster Beverage Corporation is an industry leader in alternative drinks, with a strong go-to-market strategy and a diverse product portfolio. Recent acquisitions have positioned the company well for increased distribution within the Energy and Alcohol segments, which are expected to grow rapidly in Asian and Latin American emerging markets. With a projected 11%+ forward sales growth through 2027 despite an increasingly competitive market, we rate Monster a BUY at a target price of $62 per share.
Monster Beverage (MNST) Earnings Expected to Grow: Should You Buy?
Monster Beverage (MNST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Monster Beverage (MNST) Stock Slides YTD: Is Recovery Likely?
Monster Beverage (MNST) looks well-poised for long-term growth, backed by strength in its energy drinks business, continued innovation and product launches.
3 Cheap Stocks That Could Grow Your Wealth
In February, CNBC reported that a $1,000 investment in Monster Beverage (NASDAQ: MNST ) on Feb. 14, 1994, would have been worth approximately $2 million on its 30-year anniversary, a 200,000% return. It's these kinds of cheap stocks that can make you rich in the long run if you make the right play at the right time.
After A 15% Fall This Year Is Monster Beverage A Better Pick Over Intuitive Surgical Stock?
We believe that the beverage company – Monster Beverage (NASDAQ: MNST) is currently a better pick over the robotic surgical platform maker Intuitive Surgical stock (NASDAQ: ISRG). The decision to invest often comes down to finding the best stocks within the scope of certain characteristics that suit an investment style.
Monster Beverage's (MNST) Strategies Seem Prudent: Apt to Hold
Monster Beverage (MNST) sees strength in its energy drinks category. In addition, the company's expansion strategy bodes well.
