Monster Beverage Corporation (MNST)
Why Monster Beverage Stock Was Sliding Today
Monster missed estimates on the top and bottom lines. Management blamed broader weakness in demand at the industry level.
Monster Beverage says it's been hit harder as a ‘blue-collar brand.' It plans to raise prices anyway.
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 Hit By Falling Convenience Store Foot Traffic
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.
Monster Beverage Stock Is One Of S&P 500's Worst Performers. Here's Why.
The energy-drink maker is on track for its largest percent decrease since March 2018.
Monster Energy maker sinks as faltering drink sales hit results
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. (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.
