Explore Monster Beverage's (MNST) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
MNST's Q3 results reflect soft energy drink growth in the United States, along with currency impacts and rising operating expenses that affected sales and margins.
The headline numbers for Monster Beverage (MNST) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Monster Beverage Corporation (NASDAQ:MNST ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Rodney C. Sacks - Co-Chief Executive Officer and Chairman Hilton H.
Monster Beverage (MNST) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.41 per share a year ago.
Monster Beverage missed Wall Street estimates for third-quarter sales and profit on Thursday, as cost-conscious consumers cut back spending on its higher-priced beverages.
Monster Beverage NASDAQ: MNST is the leading player in energy drinks, trading at a discount to its growth opportunity. The company and market face headwinds in 2024, with consumers impacted by higher interest rates, but long-term trends suggest the energy drink market will thrive over the next decade and Monster along with it.
MNST's third-quarter 2024 results are likely to reflect gains from strength in its energy drinks category and product launches.
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's strong brand insulates it from competitors, making it a solid investment despite recent performance lagging behind SPY. Energy drink market growth outpaces overall soft drinks, with Monster's alcohol ventures offering additional growth potential, making it a compelling investment. Recent sales weakness presents an opportunity to invest at fair value.
Monster Beverage's recent price dip presents a compelling buying opportunity, given its strong brand, consistent long-term growth, and robust profitability. Despite slower revenue growth, foreign exchange headwinds and economic conditions in Argentina are key factors, with core business still performing well. In the meantime, Monster's innovation, including new product launches and expansion into affordable and alcoholic beverages, drives long-term growth potential.
MNST sees strength in its energy drinks category. Its expansion strategy also bodes well.